Where should I invest Rs 1 lakh for two years?
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By ET Online | Updated:
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I am a student and I have never invested in mutual funds before. My goal is to start a small cafe in two years. I will be able to invest Rs 1 lakh. I have a moderate risk appetite. Please suggest some mutual fund schemes that can provide good returns. I can invest for one to two years.
-- Karan Síngh Rajpurohit
Ankita Tanna Narsey, Founder, Oaktree Financial Advisors, responds:
It is true that the best way to invest is to start with a goal in mind. However, the goal needs to be well defined, in terms of cost. You wan to open a cafe. Do you know the cost of opening and running a cafe? Once you have clarity on the same, you can figure out how much capital would you require. Mutual funds would help you to achieve your realistic financial goal.
-- Karan Síngh Rajpurohit
Ankita Tanna Narsey, Founder, Oaktree Financial Advisors, responds:
It is true that the best way to invest is to start with a goal in mind. However, the goal needs to be well defined, in terms of cost. You wan to open a cafe. Do you know the cost of opening and running a cafe? Once you have clarity on the same, you can figure out how much capital would you require. Mutual funds would help you to achieve your realistic financial goal.
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