![]() The percentage of returns may vary from 8%-9%, based on the assets in your mutual fund portfolio. Compared to standard bank deposit schemes such as savings account and fixed deposits, short-term funds provide higher returns for investments held over a short period. If you wish to make a short duration investment (15 days or less), then you can opt for liquid funds and if you want to invest in funds that have a maturity period of 2-4 months, then you can choose ultra short-term mutual funds. These funds are ideal for investors who search for low-risk asset options. For instance, if you have a plan to get married in the next six months, then start an SIP in short-term mutual funds for five months. Invest in mutual funds and grow your money: Before starting an SIP, formulate your financial goals. Moreover, unless there’s a severe global economic crash, you can expect a profit on the amount invested as gold prices have been on a steadily rising trend. First of all, there are no making charges involved in purchasing gold bars. You can use the money for buying a gold bar instead it has certain benefits. Purchase a gold bar with monthly savings: The amount that we plan on saving every month often sits stagnantly in our savings account. You could consider investing in such schemes to save a lot of money while purchasing your wedding jewelry. Famous store chains like Tanishq and Kalyan offer such schemes. Moreover, some stores add an additional discount on the making charges of the jewelry purchased using this accumulated deposit. Most of these stores deeply value such loyal customers and offer good discounts during purchase. Many branded jewelry stores offer lucrative annual deposit schemes, wherein, customers pay a certain amount as monthly investments toward the scheme for a year and the store adds the premium amount for the 13th month to the accumulated corpus. Invest in schemes run by jewelry stores: Gold is a constant at almost all Indian weddings. You might have a savings account at present, but an RD account dedicated to a particular cause will not only ensure that a considerable amount is locked away safely but will also offer a higher interest rate to generate excellent savings. Open a Recurring Deposit account: Start saving money in an RD account. So, we have come up with some of the best ways to fund your own dream wedding. However, if you are here and reading this article, then you may have certain inhibitions in planning for your marriage financially. Women are the decision-makers everywhere nowadays - from purchasing a car to making investments - and they are not far behind in funding their own marriage as well. With the advent of liberalization, more and more women are entering the workforce and becoming increasingly autonomous. ![]()
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