Rajesh have some good cash in his account & will require it only after 3-4 months.As cash amount is high… some higher returns than that of saving account or short term deposits can make a big difference.
Don’t confine your money:Let don’t have limits of saving account or short term deposits to your money & there are better options as well like liquid funds or cash funds offered by mutual funds.
Best Options for short term:
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Imp Note: Above returns are for last 03 months & converted in per annum basis & not absolute.
So one can get better returns than 4-7 per annum offered by saving banks or short term fixed deposits.
Liquid funds offer more advantages:
- No entry load.
- No Exit load.
- High corpus maintained by liquid funds so assured liquidity.
- Short term investment duration so very low risk.
- T+1 day redemption.
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