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KnackChap

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12 minutes ago, LordSpymaster said:

Debt MFs are an option with the duration ~ to your period of investment. Otherwise short term FDs are left. 

Not very acquainted with Debt MFs.

But short term holding period is 36Ms in their case plus returns are lower than MFs.

So I guess the best option is FD only.

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On 10/9/2021 at 1:45 PM, KunjanPSD said:

What is the best instrument to invest in for short term goals?

 

Like I want to start putting away some money monthly for each of the trips I have planned next year or maybe some expense I am expecting.

This is apart from what I invest monthly.

 

Putting in stocks and MFs won't work for me because once I invest in them there is very little chance that I'll sell them.

 

Short term FD/RDs are an option but looking for something better. Looking for 6-12Ms horizon.

I use liquid funds. ICICI Pru Liquid Fund for upto 6 months and Aditya Birla Short term for 12-18 months. I know you said no MFs, but these have fared better than FD/RDs for me. I keep topping them up as and when I can, and withdraw when the goal comes around. This system has been working well for me, as mainly it helps me avoid spending the money for random things.

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