Use Debt Funds for goals less than 3 years away (like a car or vacation). Mutual fund distribution companies in pune recommend them over FDs because of "Indexation Benefits" (if held >3 years, though tax rules change, check latest). They offer better liquidity and are safer than equity for short-term needs. https://www.goldenmeanfinserv.com/best-mutual-fund-advisor-in-pune.php