In India, where sholuld i invest money in short term (6-9 months)??
I wanted some info regarding short term investments. I am holding 2-3 insurance policies in which the premium (Total Annual premium of around 70,000/-) has to be paid half yearly. But as i'm from a service back ground, i've to save every month to pay the premiums twice in a year. The amount that i save every month lies in my savings account, so i was wondering if it is possible to invest this amount in some funds(debt or FDs or something else??) where i can earn better returns than the savings account and still be able to pay the premiums every six months. Also, do i need to pay any fees or load for such investments?? Plz advise.
Public Comments
- 1) you can invest this money either in post office's scheme or bank. (FD's). there is no load charges. 2) you can aslo invest this money in stock market but there is more profit and more risk. you have to pay some brokerage. no. 1 is better way because your money will be 100% safe. there is no risk element.
- If you have a short- time horizon, then you can certainly move in equity markets, with short term trading stocks. You can also opt yourself with mutual funds, on going or open ended NFOs. This could give you good returns and proper planning of money can certainly lead you to a better life. If you want a safe investment you can go for money market instruments, bank fds, equity and debt combinations MFs, corporate bonds, recurring accounts. There are many option but in this time the first option of direct or indirect investment in to market is best. For any further clarification contact me on 919825304072, jjmahida@yahoo.co.in
