If planning for retirement or passive income, Bank Fixed deposit might prove to be better as senior citizens get approx 8% interest (without any tension of ups and downs like a debt fund)
Also most debt funds are not giving more than 8% interest anyways .. mostly in the range of just 6% p.a. and no special tax benefits either.
Also most debt funds are not giving more than 8% interest anyways .. mostly in the range of just 6% p.a. and no special tax benefits either.