Short Term Investment with good Interest ?

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Invest in a liquid fund. It gives you the flexibility to withdraw the money in 1 day if required without any penalty and you can expect returns of about 8-10%. Check out some of the online investment platforms like fundsindia.com
Have been using the platform for about a year and its excellent, very convenient and also free! They have tie ups with a large number of mutual fund companies and allow you to invest in liquid funds as also balanced funds, equity funds,
company fixed deposts etc.
 
Thanks a lot to Everyone

Sorry for the late reply, had exams so couldnt read everything properly

Currently i am of the opinion to go for FD's or the e-TDR as suggested by @esanthosh only which according to me is the simplest and least complex procedure to go for

Also the points clarifed by honest1 are absolutely true

Will give a second thought to mutual funds and liquid schemes also

So its either FD or e-TDR or some gold investment :)

Exams over, time to decide :)

Thanks everyone :)
 
@Charun,

If I may...

Invest this amount in FD. From your first post, I had the feeling this amount is valuable for you. I have been in a similar situation like you a few years ago. While market instruments - anything and everything from stocks, Equity MFs, Commodities including precious metals like Gold and Silver - are great for producing good returns, their prices always fluctuate. The price at any moment is a function of the collective sentiment of market players. Let's say - the prices and the mood swings walk as straight a line as a drunkard. If you have the risk appetite (which you will know by the amount of butterflies in the stomach when your investment shows a negative return) and the time to study, understand or in the least bit, follow the price trend and various factors that affect it, you should do fine. It is true that investment in others can even double your money in a year's time. But, it could also return you less than the initial investment due to market sentiments at that time. Can you stomach that?

FDs have nothing you need to track. They are safe with a bank. Even with liquid funds, the returns could vary if the RBI chooses to cut rates at some point of time. May I suggest a middle path - save this amount in FD, but study all the suggestions mentioned here, learn what they are. Just make an effort to understand all that has been mentioned in this thread by the time the FD matures. That should give you enough avenues to invest by the time the amount matures.
 
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esanthosh

Dude, are you a mind reader ?

You wrote exactly the same things that were in my mind,the things are i am little busy with petty things to complete and College starting from monday so all the needful to be completed.Also i read each and every post so that whether or not i invest in MF or liquid funds,it will increase my knowledge for sure and will surely help me in the future.
As in the case of MF i would have at some time diverted myself into the capital market which i dont want to do at the moment
All these information will surely help me in my Chartered Accountancy career :)

Thanks to everyone and honest1 , @agupta02 , @Sanav3 specially for increasing my knowledge and sorry if i forgot to mention anyone :)
 
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