Bank Fixed Deposits (FD) is the traditional investment vehicle for most Indian households. Fixed deposits are often considered the safest investment option and a large portion of Indian investors still have their savings deployed in Bank fixed deposits. But are fixed deposits the only investment avenue? Also, falling interest rates on FDs over the last 2 decades has been the reason to look for alternatives. A viable option to go for are debt mutual funds. Let us analyse the main difference between debt funds Vs FD.