FD vs mutual funds: Which is a better option for first-time investors?

The sequence of return in a market-linked product is not linear as compared to a traditional recurring deposit. If for example in the very 1st year the markets drop by -15%, then the required rate of return for the next 14 years goes up to 7.25% from 7.00%, keeping the installment amount constant.

from Economic Times https://ift.tt/9u8JZzq