How does Savvy compare to a Bank Fixed Deposit or a Savings Account?

There are many unique benefits of Savvy. 

Savvy invests your money in a curated list of mutual funds with the safe and trusted ICICI Prudential  Mutual Fund Company. You can also invest in the Axis Bank fixed deposits through Savvy.

The fixed deposit offers guaranteed returns, while mutual funds cannot guarantee returns, as per the nature of the product. Both products are with very trusted partners, and offer the convenience of investing and withdrawal at your fingertips - on your phone!

With a mutual fund, the tenure is entirely your choice! Unlike a fixed deposit where there are fixed tenures for which you can invest your money. 

You can automate your savings routine with Savvy, manually boost your investments, invite a partner to save with you, transfer your goal (invested money) to another goal - all on the App! 

Instead of offering a wide range of mutual funds that may confuse customers, Savvy has selected a curated list of 11 mutual funds that you can choose from. Additionally, you can choose to invest in the Axis Bank fixed deposits.

But both options - the mutual funds or the fixed deposit - will potentially offer better returns than your savings account.