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Short-term Investments

Raj Abhishek wants to know the best option for him to park his money for the short period of one year

I am planning my marriage one year from now. For the same, I plan to save a fixed amount every month. Rather than keeping the amount in my savings bank account, I would like to invest it in 'risk-free' debt investments for a period of one year. Which is the best bet as of now?
-Raj Abhishek

For an investment aimed at a short time span of one year, you should consider a bank recurring deposit. It is also preferable as you want your investment to be risk-free. One can expect similar returns from a recurring deposit and a short-term debt fund, but the former would give safety of capital along with guaranteed returns (interest) while the latter carries no such guarantee.



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