Business: Fixed Deposits + Mutual Funds: A good idea?

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posted by ramvis 1256 days ago
Citibank has introduced a new fixed deposit scheme named as the Protect & Grow Deposit. According to the announcement, the principal invested stays secure as a Fixed Deposit, while the interest earned can be invested in a mutual fund of your choice. Is this a good idea in your view? Are you going to use this scheme? Should other banks introduce similar schemes?
discuss | tags: fixed;deposits;mutual;funds;interest;rat all | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

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