Hello,
Firstly I would like to commend the manish/jagoinvestor forum for helping folks like us getting better at financial planning. thx for your time.
My requirement : Need to park funds for buying house in next 2-3 years. Based on short discussion with couple of folks, I am planning to park these in short term funds.
However to be honest I have no clue how to decide which fund. I can look at returns for past 5 years or so, credit quality. What all to look at?
One advidor suggested following options:
HDFC high interest STP
ICIC Pru short term
SBI short term
but if I look at cirisl/valuereasearch ranking wise these are low… and Tata short term bond fund seems high…
Please provide your expert advise specially which can help me pick funds next time :).
Amount: ~3-5 lakhs
thanks.