What will be the best short-term investment to invest Tax Payee, 20 Nov 2013

What will be the best short-term investment to invest 50k (Max 3 Years term ) and what will be its tax implications?

Fintotal Answer

Hi. Investment for 3 years is medium term. Invest in balanced funds and withdraw after 3 years. Returns on equity oriented hybrid funds are absolutely tax-free provided you do not withdraw within a year of buying the units. HDFC Prudence fund does not qualify for sec 80C ELSS benefits. 

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