POSTED BY January 2, 2014 10:50 am COMMENTS (2)
ONHello Experts,
My Goal : House Maintenance, which would include a) white-wash, b) replacing old furniture, c) Any construction which would be desirable in future like extending home by adding another floor etc.
Since, I do not have timelines associated with the goal, I am confused as to which fund category should I invest in. Should it be entire debt or equity or mix and in which ratio. I even do not know the target amount, since the goal involves multiple goals. In order to start, I can invest 5k per month starting today. Any guidance would be appreciated.
Kapil
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Thanks Ashal. As always, your suggestions sounds helpful.
Dear Kapil, as of now please start putting this 5K amount in a liquid fund. Check the situation after 1Y and decide accordingly.
Thanks
Ashal