hi sir
i want to create 1.20 lakh rs in 3 years
please guide where to invest and how much to invest, if it is debt fund then please guide me which fund will be better.
thanks in advance
5 Answers
Hi,
May I know how much you are planning to invest on a periodic basis to accumulate Rs 1.3 lakh in 3 years?
hi shrikanth sir,
i can invest around 3000 per month for this purpose
thank you
Hi,
May I know how much you are planning to invest on a periodic basis to accumulate Rs 1.3 lakh in 3 years?
hi shrikanth sir
i can invest rs 3000 monthly for this purpose
thank you
Hi,
If you can invest Rs 3,000 pm for next 3 years, at an expected rate of 9%, you can accumulate around Rs 1.24 Lakh.
So, to accumulate Rs 3 lakh you may have to increase your contribution.
Are you ready to take risk or you are expecting to save/invest in safe investment avenues only?
Related article :
List of all Popular Investment Options in India – Features & Snapshot
hi,
correction in your answer, i need 1.2 lakh rs not 3 lakh,
so with monthly 3000 i can get 1.24L in 3 yrs then it can acheive my goal
now kindly guide me where to invest it, safe investments are preferable but i am okay with risk even if i get my invested money that is 1.08 L.
thank you
Hi,
You may look at options like Recurring Deposit, Ultra-Short Term Debt funds etc.,
If you can afford to invest a certain lump sum amount then you can consider Secured NCD Issues as well.
In case, you want only safe option (ie your capital investment should be safe) then kindly go ahead with Recurring deposit only.
You may go through the suggested article in my earlier comment, it has the list of all popular investment options..
hi sir
thanks for your quick response
i will go with franklin ultra short term fund,
your comment is valuable on this.
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