Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
Under the scheme, the investors have to put a lump sum amount in their bank for a specified period at a predetermined rate of interest.
At maturity, they receive the original invested amount (principal) as well as the total accumulated compound interest earned. Under the scheme, you can also choose a monthly, quarterly, half-yearly, or annual payment of interest. Here’s how you can start investing in fixed deposits.
Steps to Invest in FD:
Step 1 | Check and Compare FD Rates: Every financial institution offers a different rate of interest when compared to others. For example, NBFCs and small financing banks may provide higher rates of interest when compared to commercial banks. Additionally, senior citizens are entitled to earn higher incomes on their investments. So, to increase your earnings, opt for a financial institution that gives a high FD rate. However, before investing in any FD scheme, consider other important criteria and the terms of service.
Step 2 | Pick a Suitable Deposit Tenure: FD schemes usually have a duration of 7 days to 10 years. You should choose a suitable deposit tenure based on your needs.
Step 3 | Choose a Frequency of Interest Pay-outs: Once you’ve decided on the FD tenure, choose the frequency with which you’d like to receive interest payments. You have the option to select a monthly, quarterly, half-yearly, or annual payout of interest. However, if you are not looking for immediate earnings, you should consider using the reinvestment FD method.
Step 4 | Select a Mode of Deposit: Finally, decide which mode of deposit is best for you. Most financial institutions allow FD holders to make deposits using Internet banking or by visiting their nearest branch.
Once you understand this, you can fill out an FD application form and invest in the scheme.
(Edited by : Sudarsanan Mani)
