Fixed deposits (FDs) offer safe and guaranteed returns, while mutual fund SIPs provide potential for faster growth.
FDs are low-risk investments with predictable returns but offer lower returns compared to mutual funds, typically offering 6-7% interest rates.
Mutual funds, on the other hand, offer annual returns of 12-15% over the long term, albeit with market risks.
A comparison between a Rs 10,000 SIP and a Rs 10 lakh FD shows that SIPs can make you a crorepati faster due to higher potential returns, although they come with market risks.