Not exact matches
Meantime can you please recommend me suitable Short term
liquid investment plan / instrument for 6 months to 1 years other than Fixed deposits,
in which I can
park these
funds and earn higher interest than FDs and at the same time should not have entry or exit loads or Tax liability.
For short term
parking (upto 1 year) its better to go for ultra short term
funds (a class of
fund which is little bit on the upper side as compare to
liquid funds in terms of maturity of papers).
I generally use the
Liquid funds to
park the surplus
funds and use that to do Systematic investment
in Equity to benefit from the average out.
Liquid funds are an easy way to
park your surplus money and since redemption is quick
in them, you can use them either as an alternate to savings bank or as an additional option along with it.
We suggest that you
park the lump sum
in a
liquid fund which will give you 6 % -8 % return and use STP to transfer the money to an equity
fund and average out the risk of investing
in a high market.
I am considering two options I
park this money
in liquid fund temporally and do SIP
in Mutual
funds.