@Lokiiichalpthy If you have 50l and some 4 to 5 demat accounts, I think you will definitely get more than FD interest. If you are a senior citizen your rate of interest will be more in SCSS but interest paid quarterly. You have to manage interest also. Funds are blocked for longer period as well. One cannot put total funds in such FD of longer period. In shorter period FD you are not going to fetch good rate of interest.
If you believe in luck and your work, you will be in win win position. Your first priority should be good IPOs. If still funds available apply in SMEs.
Try for one year from February 24 to January 25. 50l is not a small amount. No doubt in Share Market any fund is not big. Keep faith on your decision. My decision has my luck and your decision has your luck. Share Market gives many more things other than financial gains.
Are you a participant in Share Market or you are planning to enter ?