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Short-Term Deal

Learn how much needs to be invested to earn Rs 3 lakh on a 1-year investment

I would like to invest in a mutual fund for the short-term (less than one year). If I want around Rs. 3 lakh at the end of one year after investing, then per month how much should I invest and in which funds? 

- Amit

Considering a rate return of 6.29 per cent (Category average of Liquid Plus funds for the last 5 years), you need to invest Rs 24,160 per month to accumulate Rs 3 lakh at the end of one year. 

Some short-term funds that can enable you to do so are JM Money Manager Super and Fortis Money Plus Reg.

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