Where should I invest a lumpsum of Rs 1 lakh for three years?

I have a spare fund of Rs 1 lakh. I want to put it as a lumpsum investment in a few mutual fund schemes for about three years. Can you please suggest the best mutual funds to invest this amount right now?
--Anirban Ghosh

Since you have an investment horizon of less than three years, you may consider investing in debt funds. Equity markets can be volatile in the short-term, debt is comparatively a safer option. You may consider investing in a short-term debt mutual fund scheme.

You can look at HDFC Short Term Opportunities Fund or Franklin India Short Term Income Plan for your investments.


If you are a new investor, we would suggest taking the help of a seasoned mutual fund advisor or a financial planner who may guide you better with personalised investment advice.