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    monica kochar's Avatar
    monica kochar Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 15, 2006, 03:09 AM
    Investing
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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.
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