Ultra short-term bonds may offer slightly superior returns than recurring deposits. Here are some fund options
17-Aug-2015 •Research Desk
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.