Question: I need Rs. 60,000/- exactly after 3 years. So I would like to invest Rs. 1,700/- (Rs. 60,000/36 months = Rs. 1,667/- pm rounded off to next hundred). My assumption is that, even if my monthly investment of Rs. 1700/- did not even grow at all for the next 3 years, still I will be having Rs. 60,000/- intact.
So I also would like to have equity exposure to my investments. Hence, I would like to invest either in HDFC Prudence Fund or HDFC Balance Fund?