What is Scripbox Short Term Money?
Short Term Money is a portfolio of debt funds (selected by our scientific algorithm) that aims to help you to prepare for your short term needs.
This is the money that you are setting aside for expenses within the next 1-5 years. This could be to buy a bike or a car; pay for higher education or down payment for a home.
This money needs to be set aside regularly and the certainty of having the money at the right time is more important than beating inflation. This money should not, therefore, be exposed to the fluctuations of the stock market. A bank RD or FD is what most people opt for but at Scripbox, we recommend carefully chosen debt funds because they have a much lower tax on your earnings.