Liquidity Debt Mutual Funds : It is highly liquid. An investor can withdraw money at any time. But some debt funds attract an exit load if redeemed before a specific period of time, normally a year. Fixed Deposits: The fixed deposit, being a not-so-liquid investment instrument, ties the capital of an investor for a term. It draws a penalty from withdrawing money prior to maturity; t... https://finxl.in/advanced-financial-planning-and-analysis-course.html