These four funds are highly recommended substitute to bank deposits, where the interest rates have been falling steadily. Tax efficiency is the hallmark of these funds and so is their high liquidity, which allows you to redeem your investment in these funds in very short time. 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.

olmdesk@outlookindia.com