How MFs Can Fund Your Dream Vacation

[{"selector":"#anim-23e20822-8b72-42c2-820b-4b789d236eb7","keyframes":{"transform":["translate3d(-116.84211%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dcfb5e6c-8418-406c-8ced-6800da10855c","keyframes":{"transform":["translate3d(0px, 222.49649%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ec3929d-6127-4bac-b6df-5eab923b7315","keyframes":{"transform":["translate3d(0px, 190.78607%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Vacations: A Non-Negotiable Whether it’s a backpacking trip across Cambodia, the Great Barrier Reef, Disneyworld or skiing in Gulmarg, everyone has a travel bucket list. But how do you make it work financially?

[{"selector":"#anim-1b259f0c-79de-4d29-ab8b-91b9ff795be1","keyframes":{"transform":["translate3d(-117.54386%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3951033a-55fb-4cdb-b366-9cb3d3d6f301","keyframes":{"transform":["translate3d(0px, 274.34835%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5c6533f-a3e4-42ca-95cf-f8a8d65ad3de","keyframes":{"transform":["translate3d(0px, 195.44625%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Can You Afford It? Should you indulge in a trip you can’t afford and drain your savings, or make an effort to ensure you can afford it? Don’t holiday today, pay tomorrow. Go EMI-free - here’s how.

[{"selector":"#anim-1e785816-61b8-463b-97e0-0d0afcabb2e5","keyframes":{"transform":["translate3d(-132.43245%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ddc1095-ac07-46e5-9efd-819cb2ac693c","keyframes":{"transform":["translate3d(0px, 156.10024%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] EMIs In reality, you can’t afford the holiday - but have decided that you can afford to convert the spending into a loan, for which you pay a finance company a monthly repayment instalment.

[{"selector":"#anim-f6be5fa4-0e4b-4144-8e5d-478991c82013","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-acac8f65-9489-408c-9c88-ee7e5bc222b5","keyframes":{"transform":["translate3d(0px, 282.33148%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc7a16ad-3d5f-417b-92ef-d360864ac7d9","keyframes":{"transform":["translate3d(0px, 242.00564%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] EMIs Can Be A Burden Circumstances may change - you may lose your job, an emergency may require you to divert funds. Your holiday EMI gets delayed, and additional charges crop up.

[{"selector":"#anim-358e2a9b-386e-46e7-91b3-c52b8f030af0","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5dfe94bf-7688-466b-b722-1c3cc8f4dee8","keyframes":{"transform":["translate3d(0px, 282.33148%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f1bae68a-0a56-46f0-8df0-865e1b0711ea","keyframes":{"transform":["translate3d(0px, 242.00564%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Plan In Advance You need your annual breaks - so why not plan ahead by investing in mutual funds via the SIP route? Estimate an amount you will need and work backwards.

[{"selector":"#anim-0c083286-e241-44c1-8b20-a616afd79d0b","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6412b76e-3b95-4b53-9e10-d92ec9ae78db","keyframes":{"transform":["translate3d(0px, 282.33148%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b362f405-5d8f-447a-9f2e-8c0e5a7978d0","keyframes":{"transform":["translate3d(0px, 242.00564%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Time Frame Vacations are short-to-medium term goals. So look for a mutual fund scheme that suits your time frame. If you plan to go on holiday in less than 3 months, opt for liquid funds.

[{"selector":"#anim-4555af5b-6c9e-484e-8c54-3aa4ff5da7d3","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52639fb7-8c5c-49a3-ab94-f36ff419b967","keyframes":{"transform":["translate3d(0px, 495.66435%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-67b51903-909b-4ea1-8534-f380d9c15993","keyframes":{"transform":["translate3d(0px, 182.99036%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Right Debt Funds You can plan your holiday by investing in the right funds. Invest just Rs.12,500 per month in a good set of debt funds, you can save enough for a 2-week backpacking trip to Europe.

[{"selector":"#anim-913bba0c-4c53-4298-92e6-b30b60884342","keyframes":{"transform":["scale(0.05)","scale(1)"]},"delay":101,"direction":"normal","duration":1401,"easing":"cubic-bezier(0.77, 0, 0.175, 1)","fill":"both"}] Mutual Fund investments are subject to market risks, read all scheme related documents carefully.