In frequency modulation (FM), the periodicity of the modulated signal depends on the nature of the message signal. If the information signal is periodic, both FM and amplitude modulation (AM) will yield a periodic modulated signal. Conversely, a non-periodic information signal will result in a non-periodic modulated signal for AM, while the periodicity of the FM signal may not be easily discernible, especially when the modulation index is less than 1. The modulation index indicates the peak frequency deviation, which affects the visibility of periodicity in the FM signal. Thus, while FM may appear periodic under certain conditions, it can still be considered non-periodic when the information signal is non-periodic.