Short-term Investments

I want to invest Rs 5 lakh in mutual funds with low equity exposure for the short term up to one year. Kindly suggest funds that I can invest in?- Mohit Mittal

Ideally investments in equity funds should be for a longer time frame of three years and more. Given your situations we feel you should consider investing in ultra short term debt fund such as HDFC Cash Management Treasury Advantage or the HDFC Floating Rate Income Short-term Retail Plan.

This article was originally published on August 17, 2011.