The conversation between human and AI assistant.
Which one is better investment for 1 year duration considering taxation: Ultra short term debt fund or Multi option deposit (SBI savings account)?
Are there any other factors I should consider before making a decision?
Yes, there are other factors such as account fees, liquidity, and convenience that can affect your decision. For example, SBI savings account may be more convenient since you can easily make deposits and withdrawals, whereas liquidating an Ultra short term debt fund may take some time.