How to fix timelines for your goals and align them with the proper investment vehicles?

Earlier, we have discussed how to categorize our different goals as short, medium & long-term goals. Now, we will discuss several investment vehicles available according to our short, medium & long-term goals. So let's see what they are as per our investment time horizon. 

Short term (1-3 years) 

• Savings account 
• Fixed Deposits (F.D)
• Recurring Deposits (R.D)
• Liquid Funds
• Short Term Debt Funds
• Treasury Bills 

Medium-term (3-5 Years)

• Medium to long term Debt Funds
• Monthly Income Plans
• Equity Oriented Hybrid Funds
• ETFs & Index Funds

Long-term (more than 7 years)

• Large, Mid & Small-cap funds
• Equity Stocks
• Public Provident Fund (PPF)
• National Pension Scheme (NPS)
• Other long term Government bonds