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Which one is better investment for 1 year duration considering taxation: Ultra short term debt fund or Multi option deposit (SBI savings account)?
I am wondering which one is better investment for 1 year duration considering taxation: Ultra short term debt fund or Multi option deposit (SBI savings account)?
That's a great question. It's important to consider the tax implications when making investments. Ultra short term debt funds typically have a higher tax rate than savings accounts, but they also tend to have a higher return on investment. SBI savings account may be a better option for more conservative investors who are willing to sacrifice some potential return in exchange for a lower tax rate.