I need to accumulate Rs.5 lakh in 9 months for the down payment of a house. I can invest Rs.40, 000- Rs.45, 000 every month. How I can achieve this goal? - Anurag Gupta, Noida

If you are saving Rs.40, 000- Rs.45, 000 every month over the next nine months, it will add up to Rs.3.6 lakh- Rs.4.05 lakh. Considering you will need Rs.5 lakh to make the down payment, you should focus on liquidity and safety with the monthly savings you plan to invest. In such a short span of less than a year, you cannot expect such returns to achieve your goal. You should look at parking the sum for this period in a liquid fund or a dynamic bond fund to benefit from the little gains that you can make from such funds and consider other avenues to make up for the shortfall in the down payment.

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