Where should I invest for 15 days?

I would like to invest Rs 15,000 in mutual fund only for 15 days. Kindly suggest which scheme should I invest? I have invested Rs 35,000 in L&T Midcap Fund- Direct (G), but I want to switch to some other fund. Please suggest which fund should I switch to? I want to trade in F&O. Please suggest.
--Rupesh Hedaoo

Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:

As a retail investor, it is better to focus on long term wealth creation than trading. I would advise you to desist from F&O.

For a horizon of 15 days, you can look at liquid funds such as BNP Paribas Overnight Fund or ICICI Prudential Liquid Plan.


You have not mentioned the reason of switching from L&T Midcap Fund to some other fund. It is a good performing fund in its category. If you want to switch to less riskier funds in equity or debt, you can switch to anyone of the following funds:

L&T India Large Cap Fund (Equity- largecap)
L&T Income Opportunities Fund (Debt- credit opportunities)