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OLM Elite: Fixed Guns

These funds are for investors looking for tax efficient alternatives to bank fixed deposits
By OLM Desk | April 15, 2017

These funds are for investors looking for tax efficient alternatives to bank fixed deposits. Not only do they tend to earn better returns, they are as close as bank deposits when it comes to liquidity. Invest in these funds keeping in mind shorter time duration of more than a year and going up to a few years, at best, when you invest in these funds.

Birla SL Treasury Optimizer

This fund seeks to generate high returns with greater stability from a portfolio of debt and money market instruments with relatively lower interest rate risk. Investments are mostly in government of India securities which have sovereign ratings.

HDFC Medium Term Opportunities

This fund seeks to generate regular income through investments in debt and government securities with maturities not exceeding 60 months. Investments by this fund are in central governments, state governments and quality PSU bonds. 

Invesco India Short Term

The scheme seeks to generate steady returns with moderate risk by investing in a portfolio with of short medium term debt, money market instruments. Investments are in bonds issued by PSUs, commercial papers.

Kotak Medium Term

The scheme seeks to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. The fund’s investments are in highly rated debentures by good quality private companies.

 

Read- The updated OLM Elite: The key to wealth creation is to know two things—what kind of investor are you and which funds to invest in

 

olmdesk@outlookindia.com

 

 

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