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monica kochar
Dec 15, 2006, 03:09 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, 01:51 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.