Investors invest keeping in mind their needs and future goals. Investment can be short term and long term. Both types of investments are necessary. Like whenever there is a sudden need of money, then money is arranged through short term options.
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If you are also looking for options for short term investment, then today we have brought top 5 options for you. By investing in them you can earn big profits.
These are the top 5 options for short term investment
Invest in bank FD
FD can be done in bank FD for 7 days to 10 years. You can choose the period of investment in FD according to the short term. The interest rate may vary according to the period of FD. Investment should be made after comparing the FD interest rates of post office and bank.
Corporate FD
FD facility is provided by many companies. In which companies raise money from the market. It also works like bank FD. Its duration can usually be between one year to five years. Interest rate of 9.25 percent to 10.75 percent is offered on this type of FD.
RD is also an option
If you want, you can invest a fixed amount in RD every month. RD can also be done for a period of one year or more. Invest only after comparing the interest rates offered by different banks on RD. This option is also available in post office.
Investment in debt mutual fund
You can also make short term investment through stock market or mutual fund. In which you get the option of debt mutual fund. It can be invested for one year. Investing in debt fund The money invested is invested in a safe place. This option also gives good returns.
Investment in SIP
A big fund can be created by investing in SIP. If investors invest in good funds through SIP for short term, then better returns can be achieved even in a short time. However, this option is also risky as it is linked to the market. Therefore, returns cannot be guaranteed in this.