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How to park money coming from FD maturity for next 1-2 yrs ?

Dear Manish, Ashal and all senior boarders,

Best wishes for new year.

I will be getting Rs. 3 lacs from maturing RD. I wish you utilize that money for home improvements in next 1 to 3 years (sorry .. exact time frame is not fixed). Need your inputs regarding where should I park this money.

I am in 30% tax bracket hence not really interested in FD. Any other way of investing this money in safe instrument where I get comparable income as of FD but safe as well?

Thanks,

Kulkarni

 

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