Saving plan to buy a house
How do you plan to get a own house? May be 5years down the line.. Which saving tool is best? MF is risky.. as market might not be up by the time we want to winthdraw, RD offers less interest rate.. Whats other options are there
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For 5 years, the only type of funds you should look at are hybrid funds.
Suppose you want to invest 100 Rs per month for this housing goal.
In that 100, 20-30 should go to aggressive hybrid (a little equity heavy) funds. Rest 70-80 should go to debt heavy hybrid funds
Do not go into any kind of equity funds investing because the duration is only 5 years. Equity funds are okay only after atleast 5 years or more duration
It's very nuanced. But if you're looking for just places you can put your money bonds are always an option. There is a credit risk involved always. High yielding RDs by Small Finance banks are also there.
But the amount you'll be putting in will be huge so a hybrid approach of debt and equity is always best depending on your risk appetite have the split. I can explain the split a lot but gpt will help you way better with this. Also in 5 years unless there is a disaster going on NIFTY is going to outrank RD for sure. Even if markets are down at that time