Blog

What are the best investment options for 3 6 months?

What are the best investment options for 3 6 months?

Let’s take a look at the Best short term investment options to invest in 2021.

  • Recurring Deposits.
  • Money Market Account.
  • Debt Instrument.
  • Bank Fixed Deposits.
  • Post-office Time Deposits.
  • Large Cap Mutual Funds.
  • Corporate deposits.

Which investment will give the highest interest?

Overview: Best investments in 2021

  1. High-yield savings accounts. A high-yield online savings account pays you interest on your cash balance.
  2. Certificates of deposit.
  3. Government bond funds.
  4. Short-term corporate bond funds.
  5. Municipal bond funds.
  6. S&P 500 index funds.
  7. Dividend stock funds.
  8. Nasdaq-100 index funds.

Where can I investing 10 lakhs to get monthly income?

Have you invested your Rs 10 lakh in these 10 ways?

  • Emergency funds. There can be times when you will be hit by curveballs and you need to be prepared for it!
  • Short-term funds.
  • ELSS funds.
  • High growth funds.
  • Gold.
  • Public Provident Fund.
  • Health insurance.
  • Term insurance.
READ:   What happens if you find a typo in a book?

How do millennials invest in mutual funds?

Most millennials tend to start the mutual fund journey through tax-free investments in an Equity Linked Savings Scheme (ELSS). For younger millennials, the lack of other tax-saving avenues and commitments such as home loans, child’s education loan, etc. make ELSS the most preferred tax-saving option.

Should I invest Rs 24 lakh in equities or fixed deposits?

While your long investment horizon should make equities an attractive option, the ‘monthly income’ requirement restricts your ability to absorb market fluctuations. Hence, I suggest you invest the balance – Rs 24 lakh -in a fixed deposit in one of the top banks.

Should you invest in gold or equity for 2-3 years?

Vidya Bala, Co-Founder, PrimeInvestor.in said, “The returns you are looking for are ambitious for a 2-3 year period, unless you are willing to bet on equity and take the risk of losing money. Only equity and gold can deliver what you are looking for, depending on market conditions.