Short term fund suggestions

Y

yodlee99

Active Member
#1
#1
Hi,
I am looking to invest or keep a few 10s of thousands of rupees until I have to meet an expense in the family this year end. I would also add to it every month a sum of few thousand rupees. I tried locating a few short or medium term funds with 4+ ranking in valueresearchonline, but would need suggestions & help here. Which of these are good? Can you suggest some more please.

IDFC SSI Medium term plan A
Templeton India short-term Income Ret

Thanks!
 
R

rajivnc

Member
#2
#2
yodlee99 said:
Hi,
I am looking to invest or keep a few 10s of thousands of rupees until I have to meet an expense in the family this year end. I would also add to it every month a sum of few thousand rupees. I tried locating a few short or medium term funds with 4+ ranking in valueresearchonline, but would need suggestions & help here. Which of these are good? Can you suggest some more please.

IDFC SSI Medium term plan A
Templeton India short-term Income Ret

Thanks!
Click to expand...
You can also think of SBIs auto sweep facility.
 
N

nikrod

Active Member
#3
#3
yodlee99 said:
Hi,
I am looking to invest or keep a few 10s of thousands of rupees until I have to meet an expense in the family this year end. I would also add to it every month a sum of few thousand rupees. I tried locating a few short or medium term funds with 4+ ranking in valueresearchonline, but would need suggestions & help here. Which of these are good? Can you suggest some more please.

IDFC SSI Medium term plan A
Templeton India short-term Income Ret

Thanks!
Click to expand...
Templeton India short-term Income Ret is a good fund but the minimum investment & withdrawal limits are very high. You can choose IDFC SSI. It has performed quite well and also holds 4 start from VR.
 
Y

yodlee99

Active Member
#4
#4
Thank you. I could also verify that exit load i nil for IDFC SSI med term A fund. If i were to sell it within 1 year, how are the short term capital gains tax calculated? Would the profit get added to my job income and tax calculate as per my tax slab rate? Thx
 
N

nikrod

Active Member
#5
#5
yodlee99 said:
Thank you. I could also verify that exit load i nil for IDFC SSI med term A fund. If i were to sell it within 1 year, how are the short term capital gains tax calculated? Would the profit get added to my job income and tax calculate as per my tax slab rate? Thx
Click to expand...
Yes short term captital gains in debt fund would be added to your income and taxed accordingly.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
R Why is the performance of short-term funds for less then fixed deposit in the past 6 months Mutual Funds Discussion Forum 3
M How to use fundamental with or without techical analysis for short term trading Fundamental Analysis 0
K best funds for short term Mutual Funds Discussion Forum 3
S Is SIP a good option for short term investor in mutual fund? Mutual Funds Discussion Forum 11
H Liquid or short term funds Mutual Funds Discussion Forum 4

Similar threads