10 Best Short Term Investments To Earn Quick Money
Debt Instrument
This is essentially a loan you are giving to a government or a corporate entity. You are given a guarantee of getting back your principal amount along with a fixed interest in regular intervals. So it provides a steady income and your principal remains safe. The investment period is 1 to 3 years. These come as corporate deposits and NSCs (
) .
Fixed Maturity Plans
Fixed maturity plans are close ended debt schemes with a pre decided maturity date that invest in money market instruments that mature on or before the date of maturity to nullify the interest rate risk. The main advantages of investing in fixed maturity plans include absence of risk, high interest rate and attractive after tax benefits
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