I would be buying a house soon. Where should I invest the money in the interim period?
- Gajendra Dublish
You haven't said how soon do you plan to buy the house. If it is going to be within a few weeks, you can consider parking the money in a liquid scheme. If you are going to park the money for a few months to a year, you can consider investing in an ultra short term scheme.
Here is a list of top-rated liquid schemes.
Here is a list of top-rated ultra short term schemes.
Please note that if investments in debt mutual fund schemes are sold before three years, it will attract short-term capital gains tax. Short-term capital gains are added to the income and taxed as per the Income Tax slab applicable to the individual.
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