Which Mutual fund category to invest for my house maintenance goal ?

POSTED BY Kapil ON January 2, 2014 10:50 am COMMENTS (2)

Hello 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

2 replies on this article “Which Mutual fund category to invest for my house maintenance goal ?”

  1. Kapil says:

    Thanks Ashal. As always, your suggestions sounds helpful.

  2. ashalanshu says:

    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

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