Hi Sreekanth,
I have a lumpsum amount which I would need exactly after 6 months. I'm wondering whether to park it in a Liquid Fund or something else? I am looking for better returns than a Bank Fixed Deposit. There is a fund I came across called Edelweiss Government Securities Fund Direct - Growth. Do you think it is advisable to invest in that? It has given returns of greater than 6% in the last 6 months. Liquid funds generally provide returns of 3% in 6 months. I have checked your post "Debt Funds: Types, Benefits & Risk and Return". It is an old post, so are the names of the funds still the same? You seem to advise on Ultra Short Term for duration of 3-9 months. Can you name the current best funds in that category?
Thank you in advance.
1 Answers
Hi,
If you need money in 6 months, suggest you to stick to Bank FDs.
The type of Debt Funds have been re-categorized by the SEBI.
After the recent IL&FS, DHFL etc bond re-payment issues, many debt funds have been badly affected, this has prompted the SEBI to again re-look at the categorization of the Debt funds, so they may come up with new types again very soon.
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