Please suggest a tax efficient alternative for FD. I intend to put monthly 15-20k into this instead of FD. I need same security and safety as of FD and maximum liquidity if possilble.
Arunavathebest-If your holding period is more than 3 years, then use short-term debt funds and arbitrage funds. But don’t think too much on tax front if your major concern is safety and liquidity. I don’t know for what purpose you want to invest in debt product (whether to get some % into debt apart from equity) or for any short term goals.