POSTED BY February 15, 2012 2:38 pm COMMENTS (3)
ONHi
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
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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
Thanks Ashal.
Dear Raju, you may opt to Bank RD or Bank FDs if taxation angle is ignored.
Thanks
Ashal