Invest lumpsum for short term?

POSTED BY Suhas ON July 4, 2012 12:40 am COMMENTS (5)

I have around 1L sitting idle in my SB account which I would surely need it in 10-12months time for a particular goal which is very important, hence cant take too much risk on this 1L capital, i fall under 20% tax bracket

Considering the above in mind which is the best instrument to invest in so that we can get maximum possible returns

5 replies on this article “Invest lumpsum for short term?”

  1. somasekhar says:

    Dear Suhas,

    you can do if you can manage. If there are senior citizens in your family, you May get high interest.

    Thanks,
    Sekhar

  2. Suhas says:

    Thanks for the replies, decided FD specifically online FD in two different bank accounts so that the interest wont cross 10k, One question instead of splitting this 1L in 3-4 parts how about splitting it into 10 parts, so incase i need only 90K at that time i might just pullout only that much instead of all.

    1. Dear Suhas, what you are going to do is not tax saving but tax evasion. I do not support it. Instead you should look for debt funds for better tax adjusted returns.

      Thanks

      Ashal

  3. somasekhar says:

    Dear Suhas,

    Split 1L into 3 to 4 parts, and invest that money in bank fixed deposits on your family members names ( Spouse, Father, mother …..etc ). But make sure they are already not falling under any tax brackets.

    Thanks,
    Sekhar

  4. Dear Suhas, Please invest in Bank FDs as you are not ready to risk your capital. Debt funds may be an option but a bit of risk is involved there, hence not recommending it to you.

    Thanks

    Ashal

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