Defining Objective: -

By definition objective is a specific result that a person aims to achieve in a specified time period with the available resources. It is more specific and easy to measure. Objectives are the root cause for planning and for making strategies. Objective is a foundation stone of planning.

Objectives could be short term, medium term or long term in nature.

Examples of objectives:-
Contingency fund
Purchase House
Child’s Education
Children’s Marriage
Retirement Fund

It is necessary to define the objective for investment to optimize your returns.This will provide you an Idea about the time horizon you have to deploy your resources.You can deploy your resources it the asset class allaying to your need.