Dear sir, I have to make sip for 1000 rs within a time horizon for 28 months for specific goal plz suggest MF for short term
Ans: For a short-term investment horizon of 28 months, it's important to prioritize stability and minimize risk. Consider mutual funds that focus on debt instruments or conservative equity strategies. Debt funds like short-term debt funds or ultra-short duration funds can be suitable for short-term goals as they provide relatively stable returns with lower volatility compared to equity funds.
Additionally, you may explore conservative hybrid funds that invest in a mix of debt and equity securities, with a larger allocation towards debt instruments. These funds aim to provide capital preservation while offering some potential for growth.
Before investing, ensure to assess the fund's past performance, expense ratio, and investment strategy to align with your risk tolerance and investment objectives. It's advisable to consult with a Certified Financial Planner for personalized advice based on your specific financial situation and goals.