Capital growth to buy property

Q & A Forum › Category: Investments › Capital growth to buy property

Harleen asked 8 years ago

Hi, I need additional 15 lakhs to buy property in a years time. Could you advise what is the best possible way to invest 40 lakhs so that it can grow to 65 lakhs in years time? Regards, Harleen

3 Answers

0 Vote Up Vote Down

Sreekanth Staff answered 8 years ago

Dear Harleen, In that case, the expected rate of return would be 62% in one year, which is very unrealistic one..

0 Vote Up Vote Down

Sreekanth Staff answered 8 years ago

Hi, You may consider Short term Debt Fund. Ex : ICICI Short term fund.

0 Vote Up Vote Down

Sreekanth Staff answered 8 years ago

Hi, Generally, a rising interest rate environment is not good for debt mutual funds. If you are averse to taking risk and prefer a 'fixed return' product then can opt for FDs. Related article : What if the RBI hikes interest rates? | RBI’s Rate hike – Its Impact on the Economy & Personal Finances