In 2024, bank fixed deposits might serve as an attractive investment option, particularly if you aim to capitalise on the elevated interest rates available. Nonetheless, exercise caution and avoid allocating your entire savings to these deposits.
Instead of completely stopping mutual fund investments, investors can reduce their SIP or lump-sum amounts and diversify their portfolio to include safer assets like debt funds or gold.
Investors can anticipate an intriguing year in 2024, marked by the intricate interplay of economic factors shaping market dynamics. Although forecasting the future is inherently uncertain, examining significant trends and potential strategies that can help navigate the investment landscape can help.