Hi,
I have this 3 lacs with me. I want to invest it in a safe place (i mean some risk with the income i earn is ok). Which one is better, Liquid funds or MIP(Monthly income plan) or Fixed deposit.
Liquidity: For next one year i will not need the money but after that, i may need this at some point of time which i am not sure right now.
Tax: Forget about the tax bracket, i will not come under tax becuase of this income.
Risk: I am ready to take some risk with the income that comes from this 3lacs.
Question: Which one among the above (or similar one that you want to suggest me)would give me better returns…??
By the way, most of the times i am a silent reader and i appreciate you guys who are really helping us to understand financial things better.
Thank you all.