Many a time it happens that we have some funds that we do not require right now but we need them after one year. At that point of time, we get confused as to where should they be invested so that we not only earn better returns but the funds would be available to us exactly after one year from now when actually we need them.
I am listing below investment avenues available for a period of upto 1 year with their suitability and characteristics which you can find helpful in your taking decision:
Investment Option | Suitable for | Characteristics |
---|---|---|
Liquid Funds | Who need pure liquidity |
|
Bank Savings Account | Guaranteed returns with security |
|
Ultra Short Term Fund | Slightly more returns than liquid funds |
|
Short Term Mutual Fund | More returns with little longer duration |
|
Bank Fixed Deposit | Fixed Guaranteed returns |
|
Bank Recurring Deposit | Regular Investment |
|
Arbitrage Fund | Little risky with greater returns |
|
Fixed Maturity Plan (FMP) | More returns with security and less liquidity |
|
Post Office Time Deposit | Fixed and secured returns |
|
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