investing

monica kochar · #1 Dec 15, 2006, 02:09 AM

i want to invest rs 10,000 every month in order to have about 6 lac at the end of 2-3 years. it should be secure, tax free.
am i asking for too much?

what are my possibilities?

OR

give me an investment plan. rs 10,000 per month +tax benefit+completely secure+short term, 5 years or so

AtlantaTaxExpert · Dec 20, 2006, 12:51 PM

Monica,

What you are asking for is impossible at anything but nominal market return (currently 4%).

The most secure investment available is U.S. notes (bonds, treasury notes, etc.) that are secured by the U.S. government.

Anything else does not meet your "completely secure" criteria.



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