FuzzySushi
FuzzySushi

Investment ideas for short term (<1yr)

I am planning to save some % of my salary every month and go on a trip at the end of the year.

My plan is to save around 3k-5k every month apart from my usual monthly investments.

I haven't planned anything yet so I am open to your suggestions.

17mo ago
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SwirlyTaco
SwirlyTaco

Keep it in cash. Anything else is too risky in the short term.

Best case sweep in account.

FuzzySushi
FuzzySushi

I thought of auto-sweep but HDFC needs premium account (the one with 25k minimum balance) so I am not sure whether to go for it

SwirlyTaco
SwirlyTaco

Go for it. Its a small minimum balance to maintain.

FluffyNugget
FluffyNugget
Plivo17mo

If u were to ask where to put x lumpsum amount for a year then some investment strat will work. The way u wanna do, just keep it in ur account.

FuzzySushi
FuzzySushi

Fortunately, i can invest all of the money that i am planning to save throughout the year at once, without breaking my savings much. So if you have any idea, please share.

FluffyNugget
FluffyNugget
Plivo17mo

FD is ur best bet as it’ll be safe and u can get 7+% interest. Maybe more if u book in some small finance bank.

SparklyBiscuit
SparklyBiscuit
Tekion17mo

Paytm FD

FuzzySushi
FuzzySushi

Can you please elaborate? I don't use PayTM so no idea

SparklyBiscuit
SparklyBiscuit
Tekion17mo

You can do FD on Paytm bank..check out Paytm bank

BouncyTaco
BouncyTaco

You can try putting it into debt funds or P2P lending. For a year or so they would give you more interest rate than FDs for sure.

DerpyDonut
DerpyDonut

FD Laddering I'm doing this for about 8 months now, saving up for higher education. I feel it's the safest option to go for in short term

BubblyUnicorn
BubblyUnicorn

Put it in liquid funds/debt funds with low maturity

SqueakyCoconut
SqueakyCoconut

+1 for liquid and debt funds. Try ICICI liquid and savings funds. If you are ok to take risk then investing in cred mint will give you fixed 9% return.

WobblyDumpling
WobblyDumpling
Amazon17mo

Debt funds

FuzzySushi
FuzzySushi

I was thinking the same. Any direction on where/what should I look? Never invested / researched on them :)

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