Kudos for planning ahead of receiving your payment. To answer your queries
(1) HDFC HiInterest Short term, ICICI Pru. Income Opp. (Debt: Medium Term)
and JM Money Manager Super (Liquid Plus)
(2) FDs with nationalized banks are insured upto an amount of 1 lakh per person and are definitely safer than FDs with private banks/NBFCs or Debt mutual funds. Note that FDs have higher tax implication while debt mutual funds show negative returns whenever RBI increases the interest rates in the short term.
You can also consider Postoffice savings (8% compound returns), Kisan Vikas Patra (money doubles in 8 years+7mos) and if investing in the name of senior-above 60years, u get 9% returns. Don't forget the NSC, provident funds. These are among the safest out there.
(3) You can split between the various types of deposits mentioned in (2).
(4) Guess you wanted to know which bank provide the highest returns... changes from quarter to quarter. Check online.
(5) Investments with private banks are not insured.. they carry a slightly higher risk, but provide better returns as well. If you go with big names like ICICI, HDFC you won't have problem within our lifetime. RBI policies are very strict as far as banks are concerned. I would strongly advise against investing with private companies, NBFCs, chit companies.
Having said all these, the returns from FD is ~ 8% annually. Same goes with debt mutual funds. With well-managed equity-diversified mutual funds, you can get 12-15% annually. Anything above that is a bonus.
Now, if I understand your query correctly, you want to quadruple your money in 3 years- 400 to 500% increase in 3 years is roughly 150% per year. Either there is a mis-quote or I have never seen a debt mutual fund that gives such returns. Some penny stocks might give that... If you know of one, please let every one know about it
Hi Sir,
Information
I'm abt to get 2lacs from my ICICI prulife which completed 4yrs of investment. so i want this money to become 8-10 lacs for me after 3yrs.
Query
1.In which Debt Mutual funds i can invest,so that there will not have loss of my money amd can get good returns?
2. Will the Fixed deposits is safer game than Debt Mutual funds?
3. If i choose FD's, how much amount i can put in 1 FD.?
4. which bank paying returns on FD's?
5. can we trust on Private bank in case of FD's?
Thanks n waiting for your reply
