7 best short-term investment schemes
short-term investment- I just want to tell you first that you should always go with long-term investment whenever it is possible.
If there is any kind of need that you have to invest in some short-term instruments then do not select it.
Because long-term investment can help you more than a short-term investment.
It can fulfill many of your dreams, as well as the possibility to be at loss, is also very low in long-term investment plans.
But there are also some good short-term investment plans available in the market.
First, we will talk about some investment options for 1 year that will give you a decent return.
What is a short-term investment?-
You can call the short-term investment a temporary investment. Or it means that type of investments which you do for 1 to 5 years.
The short-term investment means that you can easily convert your investment amount into cash.
There are many such investment options that we can count into short-term investments.
Like- Fixed Deposit, Bonds, NSC ( National Saving Scheme ) E.T.C.
We will discuss the best 5 options here.
If you want to know all about bonds and how to invest in bonds then visit here.
Examples of short-term investment-
- Recurring Deposit-
In the Fixed Deposit, you need to invest a lumpsum amount.
But in Recurring Deposit you have to invest a fixed amount every month.
You can select the tenure of the recurring deposit.
But in most of the banks, the minimum tenure is 6 months or 1 year.
So, in RD you can get 5 to 6 percent interest.
You can start with 500 or 1000 rupees per month or if you can then you can invest more.
But I want to clear you one thing that is- suppose you started with the tenure of 1 year.
But after few months if you want to increase your investment amount then you can’t do that.
