3 years finance investment plan
In next 3 years I have to arrange money for my sister's wedding, so i thought of saving money from now itself. So pls views suggestion me good investment planning for next 3 years So I can manage financial things bit easier And i thought of FD is that good one to invest.. Free feel to comment ur thoughts..
How much you want to accurate ?
How would you want to invest ? Lump sum or sip
How much risk would you want to take.
Although given the need it must be a safer bet, but still trying to understand your risk taking ability.
As of now
There is no target
I'm ready to invest 2 L in lump sum and even I plan to invest in sip
Medium risk
If i get 40 percentage of sum money i happy..
Here is what I can recommend
Medium risk, as the market is down it can give good leverage for you now.
SIP nifty large cap - 3k pm - can accumulate 1.3L @12% returns
SIP nifty small cap -2k pm - can accumulate 91k @15% returns
Low / no risk
1L Safe side buy market traded sgb, can give you gold price increase benefits. Can give you 1.3 if the gold prices increase
1L go for a FD or government bonds in your parents with no income tax can give you 1.3
Govt bonds state ones can give you high return .
Understand the risks and invest
FDs or Bonds. Don't invest in equity.
Even I thought of investing it in same thing because of fixed 10% rate of interest and security purpose... Better option right
