POSTED BY February 1, 2011 11:16 pm COMMENTS (3)ON
I have 4 lakh in cash. I would like to know what is the best place to park this fund now?
I am getting 9% interest for 590 days deposit in FD in ICICI or
shall I need to park it in some ultra short term debt fund?
In case If I park my fund in debt fund and redeem them around next year March i.e. more than 1 year do I need to pay any capital gain tax on the return.
I fall under 20% tax bracket.
Thanks for your time and effort.