I am looking for advice on investment for child marriage.
Girl Child Age : 16 years
My age : 48 yrs
Investment horizon : next 6-7 Years.
I have 500000 rupee in my hand
Please advice me what where should i invest.
May I know if you have already been investing in any investment avenues towards this goal?
Can you afford to take risk on this Rs 5 lakh?
Kindly read :
Thanks. I have Bank FD for 2 lakhs and I can afford to take risk on this.
Did you try calculating approximate goal amount to aim at in next 6-7 years?
You may pick Hybrid Equity Fund and one large-cap index fund towards this goal and can stay invested for say next 5 years. Do note that equity funds have high risks associated with them.
Ex : HDFC Hybrid Fund (or) ICICI Equity & Debt fund
UTI Nifty Fund.
(I am assuming you have adequate life insurance cover.)
- List of all Popular Investment Options in India – Features & Snapshot
- Top 15 Best Mutual Funds to invest in 2020 & beyond | Top Performing Equity Funds
- How much Term Life Insurance Cover do I need? | Online Insurance coverage Calculator