I am planning to start an SIP of ₹17,000 per month. I may require the money in six to 12 months for my wedding. Please suggest some funds which will yield better return than recurring deposits.
- M. Arunkumar
You can look at Ultra short debt funds, as they are likely to offer a slightly better returns than recurring deposits. Here's a selection of some well-performing ultra short-term debt funds: Franklin India Ultra Short Bond Fund, DWS Ultra Short Term Fund, Taurus Ultra Short Term Bond Fund, Baroda Pioneer Treasury Advantage Fund.
This article was originally published on August 17, 2015.