Hi Srikanth,
I am a funds India investor for few SIP's. Now For my house construction purpose I had some liquid money for about 5-6 Lakhs. But the house construction may delay due to some other personal reasons and I would like to invest this money like FD for about 6 months to 9 months .
Since FD Interest is very low, I would like to go for some other debt fund/Ultra liquid funds etc..Which I just heard but not sure about whether it is safe or can assure at least 6-7% of interest etc . So I need a good suggestion from you whether it is good to go for this investment and is it safe ?
If yes, then kindly suggest 2-3 best options and how much I can split the above money in to the various funds. I am looking more of SAFE rather than interest.
Rgds Ajay Das
1 Answers
Hi Ajay,
If you need money within 9 months and if your priority is SAFETY then FDs would be an ideal choice.
In case if you would like to take a little bit of risk then you can consider investing a portion of your Funds in Short Term Debt Funds or Arbitrage Funds.
If you are in 20 or 30% tax slab bracket, you can consider Arbitrage Funds. Kindly note that Short Term Capital Gains are taxed at the rate of 15%. Example : ICICI Pru Equity Arbitrage Fund.
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