Hello All,

Below is my current scenario about my goals.

1. Short term goal (Time at hand- 1 year)

2. Long term goal (Time at hand – 10 years)

Below is the outline of my plan to achieve it.

1. Short term goal – Sister’s marriage

Plan: Planning to take RD or RD+ for a target fund of Rs. 2,00,000 in a year. So, monthly deduction toward RD or RD+ would be apprx Rs. 17,000. For the rest of the required amount for marriage, I have other options. So, my question is directed only towards the targeted amount.

Question: Do I have any other option to achieve the goal with some extra cash to earn with it.

2. Long term goal – Son’s education

Plan: Plan is to invest Rs. 50,000 per annum as single premium for a duration of 10 years.

Question: What investment options do I have to maximize the fund to its fullest at maturity.

I understand the only long term plan, would not help the cause. I would go ahead with another plan from next year based on my income. I would like to know the options based purely towards the current long term goal I have set.

Detailed suggestions are very appreciated.

Thanks,

Kumar