Hi,
I recently returned from onsite and had a cash of 25 lakh inr.
I'm planning for a flat in the next 6-12 months and I'm yet to start my search for that.
Can you please recommend a low risk investment option with better returns, other than just lying the cash in my bank savings account?
My wish list is
1. If I get some good deal for flat, I will withdraw money any time.
So, I need the flexibility, to convert the investment into cash within a week time.
2. I'm not interested in equities as the markets are quite shaky.
3. I'm ok to take minimal risk (max 10% loss).
4. I have previous holdings in Equities (3L) to Tax Saving MFs (7L) but they are into losses and I don't have any money/income other than these.
Thanks in advance.
I recently returned from onsite and had a cash of 25 lakh inr.
I'm planning for a flat in the next 6-12 months and I'm yet to start my search for that.
Can you please recommend a low risk investment option with better returns, other than just lying the cash in my bank savings account?
My wish list is
1. If I get some good deal for flat, I will withdraw money any time.
So, I need the flexibility, to convert the investment into cash within a week time.
2. I'm not interested in equities as the markets are quite shaky.
3. I'm ok to take minimal risk (max 10% loss).
4. I have previous holdings in Equities (3L) to Tax Saving MFs (7L) but they are into losses and I don't have any money/income other than these.
Thanks in advance.