What are the best investment options for 3-6 months with maximum returns?
You should park your money either in liquid mutual funds or ultra short term debt mutual funds.
What are the best investment options for 3-6 months with maximum returns?
Jay Murarka, Jaipur
In your best interest, for a short span of 3 to 6 months, you should park your money either in liquid mutual funds or ultra short term debt mutual funds. Liquid funds usually invest in government securities and certificate of deposits of up to three months duration. You can easily enter and exit from these funds at any point of time. The exit is usually without an exit load, but the exit could take a couple of working days to reflect in your bank account. These are tax efficient compared to bank deposits for such short durations as they earn anywhere between 4-6 per cent post tax.