Where can I invest my money for 1 year?

Where can I invest my money for 1 year?

- Bank fixed deposits. A bank fixed deposit (FD) is a safe choice for investing for a year. ... - Fixed Maturity Plans. A fixed maturity plan (FMP) is a close-ended debt mutual fund. ... - Arbitrage mutual fund. ... - Post office term deposits. ... - Recurring Deposits. ... - Debt mutual funds.

Which mutual fund is best for 1 year?

Category Top Performer 1 yr ------------------- ---------------------------------------- ----- Childrens HDFC RSF - Equity Plan - DP (G) 70.80 Conservative Hybrid ABSL Regular Savings Fund (G) 28.40 Contra SBI Contra Fund - Direct (G) 90.70 Dynamic Bond SBI Dynamic Asset Allocation Fund-DP (D) 31.10

Which SIP is best for 1 year?

Fund Name Monthly Investment 1 Year Returns ---------------------------------- ------------------ -------------- Axis Bluechip Fund 5000 52.52% Axis Focused 25 Fund 5000 61.91% DSP Equity Fund 5000 31.90% Franklin India Focused Equity Fund 5000 80.39%

Can I invest for 1 year in mutual funds?

If you have a time horizon up to 1 year, you can invest in liquid funds. A liquid fund is a type of mutual fund which invests in debt securities with a maturity up to 91 days. This keeps the risk in these funds to a minimum. They give a return slightly more than fixed deposits of similar maturity.5 jul 2020

Can I withdraw mutual fund after 1 year?

However, if you decide to withdraw money sooner, specifically within 1 year of making an equity investment, then your gain will be taxed at a flat tax rate of 15% plus cess plus surcharge. If you withdraw your units of equity mutual funds within 12 months of investing then short-term capital gains will arise.

Can Sip be done for 1 year?

You can invest in different types of SIPs too. Some can be invested in for the long run while there are some SIP plans that are good for an investment horizon of a year. If you are looking for 1-year investment plans, then you can also consider liquid funds as they have a maturity period of 91 days.