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I was doing my own investment research when I came across multiple financial management websites suggesting really bad mutual funds.

Current FD RD rate is between 5.5% to 6.5% for 12 to 18 months. These websites are suggesting "better alternatives" of mutual funds with return rate of 3-4% for the same duration.

If this is the case of misinformation for these simple investment tools, we can't imagine how much misinformation is there for more complicated options

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Let's improve our research by having honest discussions and build credible sources.

The anonymity of this platform allows us to share our personal experiences without inhibition, both loss making and profit making.

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I'm not referring to all the mutual funds. I'm referring to the quality of suggestions that are being shown on websites.

Definitely there are better options, and that's where we have to put in the work. Hence the need for quality discussions.

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Yes, i agree on that part! There is lot of unnecessary and wrong information

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Hey! Why don’t you buy nifty bees if you want to invest in a mutual fund?
If you are a passive investor indexing will give you good returns. (12% over long period of time)

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But for the same duration a MF can give you about 15-20% return

Need to do our own research

Those websites would probably be suggesting debt MFs. Sometimes they give better returns than FD and sometimes not. Currently, FD rates are high so probably that's why.
Moreover, consider the taxation part also. FD returns are taxed as per your income tax slab. If you fall in 30% slab, the returns will also attract 30% tax. Whereas, returns from MFs, if held for more than a year, attract only 10% tax that too only if the returns are more than ₹1 lakh in a financial year.

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Hi Fishes!

This question is mainly for the people in that 20s and 30s. Just want to know if there is a trend and if our spending habits are taking a turn for the worse.

Most of us saw increase in our pay checks earlier this year, mainly due to resignation wave. Given how easy it is to spend money these days, have you guys noticed any changes in your spending habits? Have you started overspending or you are still mindful about day to day purchases?

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Hi Fishes!

Can you share how you started your investment journey and how is it going now?

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