Investor mahakumbh

Not sure how many people are watching the investor mahakumbh today on cnbc awaaz... But its about a 9 hrs of full and financial understanding.

Today, there was a question about fixed deposit and fmp and the differences about this.
Here are a few that I understood.
1 fd has 100% returns gauranteed, while fmp also has similar returns though not gauranteed.
2 fmp make a lot of sense for people in the higher tax bracket since it gives them a tax of 14% vs the 33% in an fd.

Make sure you understand this very well before investing.

Smart investing.
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