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Where to invest lump sum amount for one year

I am 30 year old single guy and want to invest lump sum amount of 8 lacs for 1 year. My goal is to build corpus for buying home after 1 year. Please suggest in which mutual funds I should invest this money. Also I want to invest 20000 every month in SIP. Please suggest mutual funds for the same. I also want to invest 5000 a month for tax saving funds. Please suggest few ELSS tax saving funds. I am the sole earning member in the family and have 3 dependants, so my risk capacity is moderate. I have 15 lacs invested in bank FDs. I will be getting married next year, so would need a good amount of money for the same. Please suggest should I continue with the bank FDs or any changes are required to that. I am also open to invest in any other entity apart from mutual funds provided there is an option for liquidity and risk factor is low/moderate?

Oct 19, 2016 by Pankaj, Ahmedabad  |   Mutual Fund

For investing your lump sum amount for one year, you should go with liquid funds. Please check the returns of liquid funds from here https://www.advisorkhoj.com/mutual-funds... Liquid funds are safer and better option then keeping your money idle in bank account.

Please read this to know more about liquid funds https://www.advisorkhoj.com/articles/Mutual-Funds...

For doing SIPs for the long term, diversified equity funds are best option provided your risk taking ability is high. You may select top performing diversified equity funds from here https://www.advisorkhoj.com/mutual-funds...

For selecting top performing ELSS funds, do check this link https://www.advisorkhoj.com/mutual-funds...

We think, you should not disturb your bank fixed deposit as you are getting married next year.

Thanks for writing to us.

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