Don’t buy property just because you have the money. Find out where you can invest a lump sum amount…
I wish to make an investment of Rs 5.5 lakh. Should I look to invest in equity, gold, mutual funds or property?
- Mahesh
If you plan to buy a house, by all means get started with the Rs 5.5 lakh that you have. But don't buy property just because you have the money. If you intend to treat this as a long-term investment, start SIPs in a good balanced fund and spread your money over the next 12 months.
This article was originally published on September 24, 2012.
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