If you are looking at investment options of up to one year, there are plenty of choices. You can go for fixed as well as equity options, depending on your risk taking ability. Take a look at some of the choices that you can make for short term investment of 1 year.
Decent interest rate
RBL Bank Deposit is offering an interest rate of as much as 8.5 per cent for 1 year, which should be the best among a host of private sector banks.
The bank is in fact, planning to launch an IPO and the fundamentals are pretty good. Investors are getting a full 0.75 per cent, higher than most other bank deposits.
A good short term investment idea, if you are looking at investing for 1 year.
8.5% Interest from the country's newest commercial bank
Bandhan Bank is one of the newest private sector banks, which got a RBI license last year. The bank is offering an interest rate of 8.5 per cent for 1 year, again a good few notches ahead of other private or government owned banks in the country.
Decent dividend yield
Holding the shares of NMDC is not a bad idea, as the dividend yield on the stock is close to 9 per cent.
However, you run the risk of losing by way of capital appreciation in case the stock price falls.
Fully guaranteed fixed deposit
This yet again is another institution that is offering an interest rate of 8.5 per cent for one year. The deposits are a company fixed deposit, but it is rather safe since the principal and interest amount is guaranteed by the government of Kerala.
At 8.45 per cent interest for 1 year, the fixed deposit of Mahindra Finance is just 0.05 per cent, less than other peers mentioned above.
However, the deposits are relatively safe considering the strong pedigree. A great short term investment idea for those looking at decent returns.
A good dividend yield
This is again, a stock we are suggesting to buy. The company's dividend itself works to 4 per cent.
We believe that at some stage, crude oil prices will rally and you could get a decent returns from the stock.
Slightly lower interest rates
The deposit of PNB Housing Finance offers an interest rate of 8 per cent. This is not the best short term investment idea, as compared to 8.5 per cent mentioned in the previous .