Where should I invest for one to two years?
I would like to invest a one-time lumpsum amount for one to two years. Which mutual fund should I choose for best returns?
-- Debabrata Samanta
Guarav Monga, a Certified Financial Planner, responds:
Considering your investment horizon, debt mutual funds are best suited for your requirement. You can look to invest in short term debt funds which are ideal in current scenario, wherein the interest rates have been on the rise over last few months, which also provides good entry point for investments into debt funds. This category of funds can deliver up to 8 to 8.50 per cent returns in a year. The amount can be divided into two funds at the most, couple of recommended options are: Franklin India Short Term Income Plan, ICICI Prudential Regular Savings Fund.
-- Debabrata Samanta
Guarav Monga, a Certified Financial Planner, responds:
Considering your investment horizon, debt mutual funds are best suited for your requirement. You can look to invest in short term debt funds which are ideal in current scenario, wherein the interest rates have been on the rise over last few months, which also provides good entry point for investments into debt funds. This category of funds can deliver up to 8 to 8.50 per cent returns in a year. The amount can be divided into two funds at the most, couple of recommended options are: Franklin India Short Term Income Plan, ICICI Prudential Regular Savings Fund.
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