Fixed Deposits
Fixed deposits are a...Given the high interest rate environment we are in, low-risk investments for Supplementary Retirement Scheme (SRS) funds seem to make sense, and I found a few ways risk conservative investors can use their SRS funds for returns in a lower-risk manner. In case you are not familiar with it, SRS is a tax deferment scheme that allows you to contribute some of your savings and get tax relief on them. After enjoying your tax savings, however, one thing to note is that the SRS account only generates a miserable 0.05% p.a. interest rate. If you do not invest your funds, you may have saved some tax, but the value of your money is eroding in value, especially with inflation as high as it is. Here are some ways you can consider putting your SRS funds to use.
