Hope you are doing good. It is regarding accumulating money for down payment(10 lakhs i.e. 20% of total flat cost) of an apartment in bangalore in next 2-3 years max. After which I can consider taking loan for purchasing of an apartment.
As suggested for goal less than 7 years Equity MF is not an option.
Ex : Amount – 20,000 p/m, Time – 3 yrs , Accumulated amt @ 9% end of 3rd year = 8,30,000 rs
Can you suggest a portfolio for allocation of funds for this among these
- Autosweep facility/RD/FD
- Liquid funds/Ultra Short bonds/Short bonds
- Debt balanced Fund
I want to distribute 20k among these.Kindly suggest your opnion.
Thanks in advance
Stay away from 3rd option. Use first and in second option only liquid and ultra short term debt funds.
A request , Just like u providebest MF / ELSS to invest every financial year,
Can u kindly publish a similar post related to all options related to Debt equity fund?
Atleast related to liquid and ultrashort term bonds.