|
|
|
Supplement your household income or save up for your next holiday
|
|
|
|
There is always the need to boost family income through suitable investments. Some
choose to do it with high risk - high return investments in asset classes such as
equity and real estate. But many more want to do so without taking such high levels
of risk. What's more, these high risk asset classes need money to be invested for
longer periods of time (which may not always be possible).
|
|
|
|
In such cases, consider low risk short term debt funds that may help bolster household
income in the short term. Let's take an example to illustrate this. Let's say you
want to invest your savings for a family vacation in about a year from now. You therefore
need to invest it in an instrument that gives you the flexibility to withdraw your
money after 5-6 months and yet minimizes the risk of loss of principle invested.
In such a case, you can clearly right off stocks, PPF, NSC, pension plans, insurance
or equity linked savings schemes of mutual funds. Most of these either have lock
in periods of greater than 6 months, or those that don't (like stocks) are too risky
to be investing in for a 6 month’s to 1 year period. In this case, a short term debt fund or dynamic bond fund might
be a good option.
|
- A low risk fund suitable for an investment horizon of 6 months or more
- Aims to provide stable returns by investing in debt and money market instruments
- Returns are calculated for the number of days you remain invested
- EasyCall facility available
- High liquidity - Under normal circumstances, we will endeavour to ensure that an
investor gets his money back one day after putting in a valid redemption request
- Tax efficient as dividends are tax-free in your hands (post deduction of 14.1625%
dividend distribution tax for individual investors - inclusive of cess and surcharge)
|
|
|
|
|