I would suggest that you go for FD because of your small investment period. Keep in mind that MIPs have upto 20% (on avg) equity investment. Some of the MIPs try to doubly increase the gains by investing in Long term debt also. Such debt is not expected to perform in coming few months because of the Interest rate hikes. Also the Nifty is at a 2.5 yr high, so risk/reward ratio in equity section is not very favorable if you do a lumpsum investment now (as people usually do with MIPs).
Go for FDs or if you want, a short term debt MF. FT India Short term Income Growth (1.22 yr avg maturity and low expenses) is my choice for you.
Go for FDs or if you want, a short term debt MF. FT India Short term Income Growth (1.22 yr avg maturity and low expenses) is my choice for you.
