Please advice me where should I invest (to get 8 lacs in 3-5 years)?

I am Luv and my Salary is Rs 40,000 per month. I am looking to my my own flat at 40 to 50 lac (for a 2 BHK flat), for this I need 8 Lac in next 2 to 3 years or max in 5 yrs for my home loan down payment.

Could you please advice me regarding this as where should I invest?

Thanks,
Luv

For short term invest in Bank FDs at the moment you can get around 9.5% return on bank FD. Avoid stock market and MFs for short term.

What about bonds and NCDs from pvt companies?

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Originally Posted by Luv_2012

What about bonds and NCDs from pvt companies?

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As suggested by Aman go for Bank FDs, because you only want to invest for short term. In NCDs or Bonds of Pvt. Companies risk factor is more so not recommendable.