What Kind of Short-Term Investments Are Perfect for Women?

We as a woman, have different life stages, and hurdles, and planning for all types of goals is very essential be it short-term or long-term goals. Life can come with expected as well as unexpected expenses and planning for the same should be a priority so that, we don’t end up in financial stress. Some goals need quick funding, like a vacation, buying electronic appliances, and being ready for emergencies. Short-term investments for women are perfect for these goals as they keep your money accessible while giving you returns that beat a regular savings account. 

If you’re looking to invest money for a few months up to 3 years, then there are smart, secure options designed to help you grow your money without a long commitment. Let’s dive into the best short-term investment plans for women, before that let’s understand the types of short-term goals.

There are 2 types of short-term goals:
Ultra-Short Term Goal: If you have any goals that are within 1 month to 12 months i.e. up to 1 year then it is known as ultra-short term goals. For example: If you want to buy an iPhone within 6 months or want to buy a washing machine in 3 months, etc.

Short-Term Goal: If you have any goals that are within 1 year to 3 years then it is known as short-term goals. For example: if you want to go on a vacation after 1 year or you want to buy a car after 2 years, etc.

Now, let’s look at short-term investment options,

1. Lxme’s Gulluck:

Lxme’s Gulluck is a first-of-its-kind Digital Piggy Bank for Women product that enables women to become the Smart Savers of tomorrow.  Designed with the utmost focus on ease and accessibility, this product provides the perfect solution for women. This further invests in liquid mutual funds offering you an instant redemption facility, which will enable your money to get credited to your bank accounts within a few minutes and the best part is, it’s low risk. The 3 years CAGR of this fund is 6.45%* (as of 1st October 2024).

2. Lxme’s Ultra-Short Term Plan: 

Lxme’s Ultra Short-Term Fund is designed to fulfill all your ultra-short-term goals. This fund invests in debt & hybrid mutual funds aiming to beat the savings bank account interest. You can invest in this fund for all your ultra-short-term goals. Most importantly it’s a low risk investment option which has a 3 years CAGR of 6.39%* (as of 1st October 2024).

3. Lxme’s Short-Term Fund: 

Lxme’s Short-Term Fund is designed for women to invest in their short-term goals which fall within 1-3 years. This fund enables you to invest smartly. This is a diversified portfolio, which has a mix of 80% debt mutual funds and 20% equity mutual funds, which enables you to get better returns than other short-term investment options available. This fund’s 3 years CAGR is 9.62%* (as of 1st October 2024). This fund is diversified, well-researched, and curated by experts.

You can click here to check out Lxme’s Short-Term Fund.

4. Fixed Deposits (FDs)

Fixed deposits are the choice of most of the women. You can put some proportion of your money in an FD for as short as 7 days and more, depending on your needs. It offers fixed returns and is low-risk. Plus, if you ever need your money, you can break the FD early (with a small penalty).

5. Recurring Deposits (RDs)

Recurring deposits allow you to invest a fixed amount every month, making them perfect if you want to build up a short-term fund over time. You can choose an RD period from 6 months to a year or more, and since it’s low-risk, your money grows steadily with a fixed interest rate.

6. Lxme’s Emergency Fund:

Lxme’s Emergency Fund is designed specifically for women, offering a smarter and more tax-efficient way to save for emergencies. We may encounter unexpected situations like sudden job loss, career breaks, unplanned pregnancy, or a partner’s death, which can be both emotionally and financially stressful. So, building an emergency fund is of utmost importance.  Lxme Emergency Fund is a better way to build this fund as compared to putting money in traditional savings and fixed deposits, allowing women to grow their money while being prepared for unexpected situations. Lxme Emergency Fund 3 years CAGR is 6.44%* (as of 1st October 2024).

7. Savings Accounts 

This is the most preferred option by women, as they feel comfortable with it. However, it generally comes with a very minimal interest rate which would not help your money to grow. If you want to consider a savings account then consider a high-interest savings account. Some banks offer special savings accounts with higher interest rates. It may offer slightly higher interest rate.

*Mutual funds are subject to market risks, read all scheme related documents carefully. These returns are based on apst funds performance and do not indicate future performance growth.

Short-term investments are a great way for women to meet short-term financial goals without committing for years. Whether you’re saving for something special, building a safety cushion, or simply wanting your money to grow in the meantime, these options help you earn more while keeping your funds accessible. So, choose the one that suits your needs and comfort, and watch your money work for you without locking it away for long! 

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Further Read,

• 5 Powerful Ways to Attract Money and Achieve Financial Success
• How To Prepare For Financial Emergencies and How to Manage it?
• Effective Ways for Women to Manage Stress and Anxiety