study material on finance 36

May 14th, 2015
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The funds for his son's education, where he knows exactly when he needs it, can be invested in deposits

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Financial advice by experts for investmentBikram and Veena Moitra have been saving for their financial goals for the past 15 years. Their son is expected to join college next year and Bikram wants to keep the required funds ready. They feel they are ready to buy their second house, though Bikram would like to postpone it till his son's admission process is complete. Veena is also set to start her music school. Bikram has been holding a lot of the funds frominvestmentsthat have matured in short-term deposits. How can he best plan his finances at this stage so that these can be used for the intended purpose?Solution-1.Write down ..Amount and Tenure details for his sonThe funds for his son's education, where he knows exactly when he needs it, can be invested in deposits, bonds, fixed maturity plans and debt funds in such a way that the tenure matches the time at which he needs them.2. The amount for his second home and for Veena's music school, which are not yet definite in terms of the tenures, should be invested in products that are flexible .The best option for these goals would be open-ended debt funds with recommended investment horizons that suit his ballpark tim

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