Posted 28 Jan, 2019 | Finance
What are the best short term investment plans?
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Some of the best short-term investments that are ideal for anybody looking to grow their money in a short span of time are:
1. Liquid Funds:
Liquid funds, a relatively safe alternative because liquid funds deal in short term securities offered by the government, this, in turn, makes the stability factor very high in this type of investment scheme.
2. Savings Account:
Savings account helps you in accessing liquid cash at all times. Banks offer different interest rates for the amount you have deposited varying from 4 to 7 per cent.
3. Short Term Funds:
Short term funds offer investment protection with a really flexible tenure rate. They provide an investor with good rates of interest. The best duration for these interests would range in months.
4. Treasury Bills:
Treasury bills sold by RBI to the general public on a monthly basis is a safe short-term investment. These investments have low-risk as the bills themselves are supplied by the Central Government.
5. Invoice Discounting:
Invoice Discounting aids in transforming the way small scale enterprises function for a long time now. This concept helps assist the financial needs of these organisation minus the use of interest or credit accumulation mechanisms that could potentially land their businesses at risk.
1. Savings account
As one of the preferred choices of most people, savings accounts offer maximum liquidity. This helps you withdraw funds anytime and anywhere without any hassles.
2. Liquid funds
Liquid funds are a type of mutual fund that invest your money in short-term government certificates or securities. It is possible for an investor to withdraw money from these funds at any time.
3. Recurring deposits
These deposits can be opted for in case you do not want to invest a lump sum amount in one go. Recurring deposits offer you the flexibility to invest money monthly.
4. National Savings Certificate (NSC)
This investment option has a tenor of 5 years. All you need to do is visit your post office and complete a simple application process. An advantage of NSCs is that you can claim tax exemptions under section 80C of the Income Tax Act. Again, the interest earned is taxable.
5. Fixed deposits
Fixed deposits are easily among the best options for short-term investments. They offer a high rate of return, independence from market fluctuations and interest rate volatility, and high flexibility in terms of tenor period. You can also withdraw your deposit during times of emergency by paying a penalty.
Conway Hill Group started out as a boutique investment service provider for the local market in Tokyo, with that success we decided to expand and have been thriving since.
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