Investment Planning – Short Term Goal – To buy a Car

Hi, To accumulate Rs 5 Lakh in 2 year, assuming 9% rare of return, you may have to invest around Rs 20,000 per month. As this is a short-term goal, not wiser to invest in Equity oriented funds or securities. You may consider investing in MIP aggressive growth fund + Short Term Debt fund + Arbitrage Fund. Read: http://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/ http://www.relakhs.com/best-debt-mutual-funds-india-top-debt-funds/ http://www.relakhs.com/best-arbitrage-funds-returns/

Hi, Kindly note these platforms are just transaction executors they are not the custodians of your money. Even if they wind up your investments are with Mutual Fund houses. But kindly invest in mutual fund schemes as per your financial goals,investment objectives and time-frame.

Dear Sir, I have slightly modified my goal due to financial reasons. I have increased the time frame from 2 to 3 years. So now I have to invest  Rs 14000 per month if I want to accumulate Rs 5 laks in 3 years . Based on ur articles/blogs  I have selected the following 3 funds: 1)Birla Sunlife MIP II Wealth 25 Plan: Rs 5000 2)HDFC Balanced Fund: Rs 5000 3)TATA Dynamic Bond Fund-Plan B- Rs 4000  Sir, please correct me If I am wrong in selecting the funds and dividing  the amount among these 3 mutual funds as I am planning  to purchase them directly  (without any agent/broker). Thank you for your valuable suggestions always.   

Hi, The shortlisted funds looks fine. However, you may reduce the % of allocation for HDFC Balanced fund (in case if you would like to be a little bit more aggressive then you may keep the same allocation).  

Thank you sir....