Overnight, liquid debt funds offer 3% returns in 1 year; reversal on cards, say experts
Overnight, liquid debt funds offer 3% returns in 1 year; reversal on cards, say experts Overnight funds and liquid funds, which delivered average returns of 6.97 per cent and 6.46 per cent in 2018 and 2019 respectively, offered meager returns of around 3.8 per cent in 2020 Interest on a savings account in excess of Rs 10,000 per year (deduction under Section 80TTA) is taxable as per the tax slab of an investor Bonds markets have been highly volatility in the last few months. The returns of debt funds across categories have suffered. Overnight funds and liquid funds, which delivered average re...