I would like to invest 10 lacs lump sum investment for next 3 yearsin a relatively safer investment which can be untouched for next 3 years. I may end up extending the same as I am not sure at this moment whether I would really be needing that money at the end of 3 years.
Can you please suggest some alternatives ?
Stirumalasetti-If your timeframe is less than three years, then I suggest major portion in Bank FDs, another portion into short-term debt funds and arbitrage funds. However, if the timeframe is more than three years, then better to stick to between Short Term Debt Funds and Arbitrage Funds.
Thank you very much for your prompt response as always.Can you suggest any Short Term Debt Funds and Arbitrage Funds that I should consider for this investment ?
You can go with funds like Franklin India Short Term Income Fund and ICICI Arbitrage Fund.