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Avoid Breaking Fixed Deposits Prematurely
Preserve FD maturity benefits by borrowing against mutual funds instead of closing deposits early.
Breaking a Fixed Deposit results in penalties and lower interest. If you need cash, borrowing against your mutual funds at 10.5% might be cheaper than the "loss of interest" from breaking an FD. This allows you to keep your fixed-income strategy intact while solving a temporary liquidity need. It is about choosing the "least expensive" way to access cash in your overall investment portfolio.