Take control of your investment portfolio with a fixed deposit

Nov 20, 2019 05:08 PM IST

If you want to personalise your investment, keeping in mind your financial goals, Fixed Deposits are the best way forward.

When it comes to growing your wealth, you’re advised to invest your money. This is a sound recommendation. However, just like with any other financial undertaking, there are few things that you should look into beforehand. You must examine factors like investment security, potential yield, lock-in periods and investment vehicles available as these greatly influence the composition of your portfolio and its efficacy.

One should also aim to incorporate an instrument that effortlessly balances out your portfolio and allows you to tailor it to your liking. One such option is a fixed deposit.(iStock)
One should also aim to incorporate an instrument that effortlessly balances out your portfolio and allows you to tailor it to your liking. One such option is a fixed deposit.(iStock)

While identifying options that suit your profile and can bring in profits without putting your money at risk is a smart first step, planning doesn’t end there. You should also aim to incorporate an instrument that effortlessly balances out your portfolio and allows you to tailor it to your liking. One such option is a fixed deposit as it offers generous yields and can be extremely stable, provided you choose the right issuer.

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For a deeper understanding, take the time to learn how a fixed deposit can help you take control of your investment portfolio.

Opt for a flexible tenure

A lengthy lock-in period can be a huge deterrent for an investor as it restricts access to the money invested. This is the case with many investment options where your finances are parked for predetermined periods and you enjoy no liquidity through the tenor, barring certain exceptions. However, with a fixed deposit, you can invest for a tenure of your choice and thus align your investment to your goals.

To visualise potential earnings at varying tenures, consider returns offered by the Bajaj Finance Fixed Deposit. You can get interest up to 8.75% as a senior citizen investor, and up to 8.35% as a regular investor, on a tenor of at least 36 months, with interest payable at maturity.

Customer type: New customer

Customer type: Senior citizen

Balance out your portfolio’s risk

When you invest money, there is an inherent risk that all instruments carry. This risk is generally higher for high-yield, market-linked investments, making them unviable in certain cases. However, with a fixed deposit, you are assured return on your investment. This is because your deposit is immune to market fluctuations and will earn you the interest promised at the time of investment. Further, NBFC FDs are assigned credit ratings from both national and international agencies, which means that you can rank them and choose the most stable option. In this manner, you can control the risk that you’re willing to take when you invest by monitoring your degree of investment in FDs.

Get the option of liquidity

Besides the fact that you can prematurely withdraw an FD or take a loan against it, you can also opt for periodic payouts. This is especially helpful if you are investing to generate monthly income or supplement your salary. By laddering your FDs smartly, you can enjoy liquidity at periodic intervals without paying any charge or footing a loss. It’s important to note that while FDs allow you to access liquidity in a timely manner, this isn’t always possible with other instruments that promise a high yield, making FDs indispensable to your portfolio.

Facilitate financial planning

Taking control of your portfolio also includes being able to project your earnings with a degree of certainty. Considering the fact that FDs are not linked to the market and most reputable issuers have high credibility and stability ratings, you enjoy this privilege over many other investments. This means that you don’t have to worry about factors beyond your control, such as a turbulent political scenario or rising oil prices and economic slowdown, to determine your returns. You can use an FD calculator before making an investment to accurately understand how the deposit will add value to your portfolio.

The above mentioned factors point to how an FD not only makes for a fruitful investment, but helps you take charge of your portfolio. So, make sure that your investment strategy includes a fixed deposit, such as the Bajaj Finance Fixed Deposit. It promises market-leading returns and grants access to a host of value-added features.

Further, with ICRA’s MAAA, CRISIL’s FAAA and S&P Global’s BBB rating, you can rest assured that your money is in safe hands and that you’ll receive returns in a timely manner. This FD also has a speedy online application process, and a low minimum deposit amount of Rs.25,000. This makes it easy for you to get started, and use features like the multi-deposit facility and auto-renewal facility to boost your earnings.

These are but a few of the many features this FD offers, and you can enjoy them all right away. All you have to do is fill an online application form to get assistance from a representative.

Disclaimer: This content is released by Bajaj Finserv. No HT journalist is involved in creation of this content.

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