Where should I invest Rs 15 lakh for 30 months?

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I have Rs 15 lakh and I want to invest it in the best mutual fund plan. I can hold it for next 30 months.
--Richard Csca


Since you have a short investment horizon, you should invest in debt mutual fund schemes. When you are investing for a short period, safety should be a prime concern. Debt mutual funds are relatively riskier than bank deposits, but they have the potential to offer market-linked returns that might be marginally higher than bank deposits. They also can also offer you better post-tax returns if you invest with a horizon of over three years.

Since you are investing for a little over two years, you may consider investing in short-term debt mutual funds: Best short duration funds to invest in 2018.



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