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I want to save money for my daughters: 5 years for college and 8 years for future needs. Where should I invest?

T S Khurana |421 Answers |Ask -Follow

Tax Expert - Answered on Feb 15, 2025

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more

Question by Ramsamuj on Feb 14, 2025Hindi

Money

Sir may 5sal ke liye grejeuti ka pasa aur 8 sal ke liye pf ka pasa jama karna chahata hu so kaha jama karna sahi rahega

Ans: I don't know the amount you want to invest.
If the amount is reasonable & you can find suitable Real Estate option, that will be best. Invest in that property, which yields you some returns and is likely to appreciate with the passage of time. It should be readily Salable also, so that the proposal ensures liquidity also.
Other options are Mutual Funds, Equity Shares, NSC, FDR etc. However, Mutual Funds (D-Mat based) may be more suitable in view of returns & easy handling of documents.
Most welcome for any further clarifications. Thanks.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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