Invest in short-term debt funds for 2-3 years to accumulate down payment for first house
Ideally, target three years as the debt investment if held for more than three years becomes long term and eligible for benefit of indexation, leading to lower tax incidence.
I want to save to accumulate down payment for a house that I plan to buy in 2-3 years. I used to invest in FDs, but want to move to mutual funds. Which type of funds would be suitable?