Sir, I have 15 lakhs and I need it for purchasing a property. However it may take around anywhere between 6 months to 2 years for utilizing this money. Can you please suggest any FD or plan where I would get guaranteed return and have flexibility to withdraw whole money anytime.

Ans: You wish to invest Rs. 15 lakhs in such a manner so that you can earn a fixed return and withdraw this amount within a flexible horizon of 6 Months - 2 years. The following are the investment options available to you to invest this amount:

• Debt Funds – You may also invest in debt funds. Here you will be having different categories of funds available with different maturities. Such as ultra-short-term funds suitable for investing for a horizon of 3-6 months, low duration funds for a horizon of 6-12 months and money market funds suitable for horizon of 1 year. They are the most suitable for your requirement as they are very flexible and you can withdraw any amount any time. However, make sure that none of the funds you invest the money in, has any exit load beyond 6 months.

The two below investments are not flexible like debt funds but if you are sure of the period, you can go in for them:-

• Corporate FDs – a corporate FD is offered by non-banking financial companies (NBFCs) and other companies. These fixed deposits are like bank FDs and provide interest rate more than the regular Bank FDs. Different maturities are available in which you can invest as per your requirement.

• Bonds – Bonds provide guaranteed returns but are available for specific period and maturity. Investment in bonds will depend on the availability of the bonds and their suitability for you. It will help you to diversify your investment.

You may diversify the investment of this amount among these investment options recommended to you. Also, the investment avenue to part this amount will also depend on the time horizon for which you wish to invest and how you wish to withdraw this amount.