Invest money For 1 Year

[aniket1006]

Hello I want to invest money for 1 year on monthly basis to buy a new car.
So where should I invest money safely and have interest rate more or equal to beat inflation?

 

[17ysaurabh]

You have got two options.
1. Safe option: Invest monthly in an instant withdrawal FD for 1 year or less. At the end of 1 year, withdraw all the amount.
2. Slight risky option: Do a monthly SIP in a Nifty 50 Index Mutual fund. Investing in this is quite safe unless something like COVID happens again. Also, it provides flexibility to withdraw amount.
You can get around 10%-12% returns in a year.

 

[theraj0007]

Hello I want to invest money for 1 year on monthly basis to buy a new car.
So where should I invest money safely and have interest rate more or equal to beat inflation?

IF YOU ARE READY TO TAKE RISK THEN GO THROUGH SMALL CAP. OTHERWISE GO THROUGH BLUE CHIPS OR MID CAP MFS .