3 Smart Ways To Use Debt Funds For Short-Term Needs
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Debt mutual funds can help save for home down payment, securing investment gains and create regular income. A low down.
Debt fund is not another mutual fund category. When used smartly, debt funds can play a critical role in the world of your finances. Here are three such smart moves. Use them to save for your home down payment Invest in debt funds regularly through systematic investment plans (SIPs). You can save ample amounts in 3-4 years for the down payment of a home, you are planning to buy.
Secure investment gains You can take the help of debt fund investments to secure the gains made over many years from equity investments like equity funds. When you are 2-3 years away from needing the money, start gradually shifting the money from equity funds to debt funds.
Create regular income Regular income, such as regular income required in retirement, can be provided by debt funds. You need to opt for the dividend option to receive regular payments.
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