Investment tips: If you want to invest money for a short period, then know here those options which can give you high returns in a period of 1 year.
There are many people who believe that investments should be made for a long time, so that the profits can be bigger. But sometimes such a situation arises when you suddenly need money. In such a situation, to meet the money requirement, you have to break your FD or other policies before maturity. To avoid such a situation, it is important that along with investing your money for the long term, you should also invest in short term schemes. So that the money from short term schemes can be useful to you in difficult times. Know here about those options where you can invest for 1 year and also get good returns.
1- Bank FD
Despite there being many investment options, FD is considered a very preferred option. You can get FD for 7 days to 10 years in any bank. Interest rates also vary according to different time periods. In the post office also you get the option of FD ranging from 1 year to 5 years, you can choose that also. Before getting an FD, compare the interest rates of banks and post offices, after that get an FD for one year.
2- Corporate FD
Many companies raise money from the market for their business and for this they issue FD. It works in exactly the same way as bank FD. For this, the company issues a form, which can also be filled online. The interest rate in corporate FD is higher than that of bank FD. However, the risk in case of corporate FD is slightly higher as compared to bank FD. But FDs of strong and highly rated companies have less risk. Generally the maturity period of corporate FD is from 1 to 5 years. You can choose any period as per your convenience.
3- Recurring Deposit
Recurring Deposit is commonly known as RD. This scheme is like a kind of piggy bank, in which you have to deposit a fixed amount every month. On maturity you get the total amount including interest. In RD also you can choose different tenure options ranging from 1 year. You will get RD facility in all banks. You should compare the interest rates available on RD in various banks and invest money wherever you get higher interest. You also get the option of RD in the post office, but there its duration is 5 years.
4- Debt mutual fund
If you want to invest for one year, then you can also choose the option of debt mutual fund and invest the money in it for 12 months. Whatever you invest in debt funds, it is invested in a safe place. Generally, debt funds have a fixed maturity date. You can get very good returns in this also.
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