10 Type Of Funds For Every Financial Goal
Diwali is not only a festival of light. It is also considered to be an auspicious festival to make investments. It is believed that investments made in Diwali multiply many folds. For those who believe slow and steady wins the race, mutual funds are an ideal option. Mutual funds come in various shapes and sizes. You can invest in them according to your financial goal. Here is the list of funds that can not only help you reach your financial goals but also help you to build wealth. 1] Liquid Fund: If you are the one who loves to see your savings account grow, then Liquid Fund is for you. It is ideal for parking short-term money. It generates higher returns than a savings account. You can withdraw the funds at any time. If the opportunity arises, you can even shift your investments into equity. 2] Debt Fund: Whatever your investment preference. Debt should be a part of your portfolio. It provides stability and cushion against volatility. For those who hold it for 3 years, their retur