POSTED BY January 31, 2011 5:13 pm ONE COMMENTON
I have around 50000 which i will need after around 3-4 months from now.I wanted to keep it somewhere where i get more than 3.5%pa of SB.
First thought was FD.I check my banks FD and found for 61 days or greater and below 90 days i get 4.25% p.a. The next option was to look up for Liquid MF funds. I listed the best performing fund under ultrashortterm and found that JM Money Manager Super has given return of 2.02% (3months) and Taurus Short Term Income has given return 2.03%(3months)
So does this mean it has given better returns than FD?. Is there a risk involved in going for it?