Sir, I have saved Rs 4 lakhs in my saving account for downpayment to buy a home. I am looking for property, that might take 1 to 3 months or may be more. I want to know can I invest it in some MF equity or debt for such short duration. Please suggest me the funds.
Either keep the money in FDs of short duration or use liquid mutual funds.
Sir, please suggest names of liquid mf. Is the return taxfree or taxable?