Fixed Deposits (FD): Safe option with fixed returns; choose short-term FDs for liquidity after 5 years.
Debt Mutual Funds: Low-risk investment option with potential for higher returns than traditional fixed deposits.
National Savings Certificate (NSC): Government-backed, fixed-interest savings instrument suitable for 5-year investment horizon.
Recurring Deposits (RD): Regular savings with attractive interest rates; maturity after 5 years provides liquidity.
SIPs in Equity Mutual Funds: Suitable for those willing to take moderate risk for potentially higher returns over 5 years.