POSTED BY September 30, 2013 7:16 pm ONE COMMENTON
I am planning to buy a house in Bangalore 2 years from now and want to start planning for it from now. We were initially thinking of putting some money (20k – 30k) every month in savings bank account. Is there any fund which provided me better options than saving account while giving similar facilities.
1. Growth – better interest rates than savings account
2. Tax saving options
3. Withdrawal anytime after 2 years when we need to invest in house.
Please suggest good options which I can pursue.
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One reply on this article “How to Invest to Fund for planning House in next 2 yrs ?”
Dear Manuj, the liquidity and better return can be expected from Liquid fund but you ‘ll not get regular Tax benefit like PF on this invested amount. Yes Taxation on your maturity amount is favorable in debt funds if your holding period is more than 1Y.