Short Term savings

POSTED BY raju ON February 15, 2012 2:38 pm COMMENTS (3)

Hi

I want to accumulate amount for down payment of a car/some land by saving monthly in next 6-10 months.
what is the best way to to do this?
Should it be Liquid Funds or Bank savings account or any other?
I do not want any negative returns on this.

Pls give your views or advice?

Regards,
Raju

3 replies on this article “Short Term savings”

  1. BanyanFA says:

    Raju,
    You may want to park the funds into Liquid Funds. They would provide you much better returns than a Bank FD.

    Check out this article which exactly mentions the solution to your query.
    http://insight.banyanfa.com/?p=62

    Regards
    BFA

  2. raju says:

    Thanks Ashal.

  3. Dear Raju, you may opt to Bank RD or Bank FDs if taxation angle is ignored.

    Thanks

    Ashal

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