Avoid equity investments for short-term goals2 min read . Updated: 04 Dec 2018, 08:41 AM IST
To achieve your target, have higher equity allocation as well as increase your monthly savings
I am 33 and wife and daughter (5) are dependant on me. I earn ₹ 33,000. These are my investments: ₹ 5,000 in PPF; ₹ 3,000 in Sukanya Samriddhi Yojana; ₹ 2,000 in NPS; ₹ 5,000 in an RD. I don’t have any medical policy. I had taken a life policy for six years; it will mature after 20 years. I have no knowledge of MFs. Kindly advise a plan.
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