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Kuvera’s survey found that over one in five respondents turned to FD to park emergency funds while beating inflation. Around 12 percent of investors preferred an FD for its simplicity and familiarity and one in 10 invested in an FD for safety from market volatility.
Safety from market volatility is one of the key reasons for investors to book a fixed deposit (FD), according to a recent survey by investing platform Kuvera. Almost half of the respondents (over 44 percent) said they invested in an FD when they needed money within three years with total safety. Another 23 percent said they invested in an FD to park emergency funds to beat inflation.
Kuvera, an online investment and financial planning platform, surveyed around 1.6 million of its investors to understand the reasons behind the popularity of FDs among Indians.
“FDs are quite popular among Indians and we set out to understand why it was so. Unsurprisingly, the simplicity of FDs and the safety it assures attract investors to FDs. It’s an effective method of protecting emergency funds from market volatility and a large segment of our investors agree,” said Gaurav Rastogi, co-founder of Kuvera.