I have a cash deposit of 1 lakh and am adding 10k to the kitty every month. My liabilities from that fund is 1.1 lakh that I have to pay out for LIC premiums. My premium payment date is mid next year (2008). I have the time frame of abt 7-8 months before I have to make the pay-out. I dont want the money to lie unutilised in the bank account for that period. What will be the best investment options for me taking the situation under considertaion?
