Sreekant,
I am planning to park my money of 10 lakhs for 7 months. Since I need this money after 7 months, and don't want to attach any risk to it, thought can put in FD or post office .. Should I try IDFC Money manager fund - treasury plan?
4 Answers
Hi,
Safety of capital and liquidity should be given the highest priority in this case, you may consider saving the corpus in FD itself (interest income is taxable), in case you are ok to take little risk, you may consider Liquid funds.
Given a choice, if I require money in 6 months, I prefer FD to a Liquid fund.
IDFC Money manager fund – treasury plan, is an Ultra short term fund, its risk profile can be higher than a Liquid fund.
Suggested readings ;
https://www.relakhs.com/debt-funds-types-benefits-risk-vs-return/
https://www.relakhs.com/best-debt-mutual-funds-india-top-debt-funds/
https://www.relakhs.com/emergency-fund-importance/
thanks Sreekanth for your immediate response. Any insight on market crash on when that will happen? Being first timer in market, should I wait for 4-6 months, and invest in equities / mutual funds.. post crash?
Also is it advisable to buy physical gold and keep it.. once the price increases by Jan / Feb I can make some profits? how is gold price prediction in the near future?
Hi,
Kindly understand that it is next to IMPOSSIBLE to predict and time the markets. If you are investing for long-term, anytime is the best time to start investing in equity markets. JUST DO IT!
I believe that volatility (risk vs return) in Gold prices is much more than equity oriented securities. Gold is not a great investment choice and a clear NO if it is for short term investment.
Kindly read :
https://www.relakhs.com/gold-is-it-still-the-safest-and-risk-free-investment/
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