Firstly, a big thanks for operating a blog that is very useful for people like me who have limited knowledge of financial planning. I have two queries:
- Im looking to invest a lump sum of around 3 lacs for a period of approximately a year. Im confused whether to go in for FD or Liq or Ultra Short Term funds or if i should split the amount and invest in all 3 options? Please advise.
- Im currently investing in ELSS funds for tax saving + principal growth. My investment horizon is 5+ years. My question is if i have another option for tax saving in the near future (eg. housing loan), should i continue investing in ELSS or should one switch to non tax – saving equity funds? The investment horizon will continue to be 5+ years.