My goal is to generate higher returns from the mutual fund.
My partner has 30 lakh and i have 15 lakh
We want to buy our house in 3 to 5 yrs. and i want my 15 lakh to invest to generate higher return. Either with sip or lump sum. To buy A good house/flat in good locality we atleast need about min 50-55 Lakh
FDs don't generate much returns & are taxable. Is there any way we can generate good money by investing. I cant say about my partner's money but i can take risk of 15 lakh to generate good return.
1 Answers
Hi,
You may consider investing in an Equity oriented balanced fund for next 3 years (if your goal is 5 years from now).
You can set up Systematic Transfer Plan (STP) for a period of say 6 to 12 months from a liquid fund to balanced fund.
Ex - HDFC Liquid fund to HDFC Balanced fund.
You can also consider investing in MIP Fund:
Kindly read:
http://www.relakhs.com/top-best-balanced-mutual-funds-returns/
http://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
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