For goals that are going to take less than five years, fixed income makes most sense. These can include debt mutual funds, fixed deposits, Government and private bonds, NCDs, various post office schemes, and a few others.
Satyam PatiSatyam is part of Team Scripbox. He is a NSE certified market professional and investment analyst. He is an active equity investor and loves to talk about and explore different ways in which people can increase their wealth, practically.