My Rs 2.5 lakh FD will mature next month. Please suggest how I can invest this amount for a period of one year and reap the maximum returns?
Sanjay Ahlawat, Ghaziabad
Given the time frame that you have in mind to deploy the sum that will mature from the FD, it will be prudent if you deployed it in a liquid fund for convenience and optimum gains, compared to a bank FD. You could invest in funds like Aditya Birla Sun Life Floating Rate Fund or Axis Liquid Fund among many others. A liquid fund is a debt mutual fund scheme and is highly liquid, which allows you to even invest for a day and redeem in a day.
