Short term investment is investment for a term for around 1 - 1.5 years. Here are a few options that can/should be considered:
1. FD - Fixed deposit
- Amount is deposited for a fixed term
- Amount can be withdrawn before the term (however, with some penalty)
- Minimum term - 30 days
- Advisable to make FD for max of 1 Lac even if you want to make FD for amount more than that. Since FD till 1 Lac is insured. On the other hand, if FD is for > 1 Lac, amount insured is only till 1 lac
- Joint FD is useful for safety wherein other nominee can be withdrawn.
2. SIP (Systematic Investment Plan):
- It is invested in MF(mutual fund)
- You can invest starting from Rs 500/month
- Long term investment in SIP is known to give one of the best yield
3. Initial Public Offering
- Invest in company with high issue size, well known company
- Tax of 15% if you sell the shares purchased.
4. Direct Market Trading
- If you don't have capacity to withhold and sesitive to ups and downs of the market, DON'T invest directly in market
5. Gold
- Not an attractive option anymore.
6. Property
- Very hard to get good appreciation on investment for a short term such as 1 year.
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