Read to know what investment options are available for you to invest in for your sister's marriage
I am saving Rs 45,000 each month for my sister's wedding in six years. Where should I allocate this money - equity mutual funds, debt mutual funds, SGB, etc.? - Divya Jyoti Goswami
Indian weddings, in general, are not low-cost events. Saving Rs 45,000 each month for the next six years will become a sizable amount of corpus. Assuming the wedding is a non-negotiable goal, you need the money at that time and probably cannot push the goal further away.
Based on your risk appetite and what role does this huge corpus (over Rs 32 lakh) play in your wedding budget, here are the options for you:
If this corpus forms the major bulk of your portfolio and you have a low-risk appetite, then go for the moderate route:
If this corpus forms a minor fraction of your portfolio and you have a high-risk appetite, then go for the moderate aggressive route:
Still confused? Want ready-made list of funds to invest in for your sister's wedding? Check out Value Research Portfolio Planner.
Also, if you are completely goal-oriented and want to invest some portion in gold; you may look into sovereign gold bonds (SGBs). These will give you the benefit of appreciation and 2.5 per cent annual interest on the principal value. The same can be endorsed to your sister at her wedding or you could sell them in the secondary market to encash and buy gold (liquidity and prevailing prices then will impact your redemption amount). But if you continue to hold the SGBs till maturity, the capital gains are tax exempt.
Suggested watch: Where should I invest for my daughter's marriage in two years?