Help needed for investment purpose

193°
Deal Cadet
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Where to invest 15 lakh securely and safely?
Need a monthly income of minimum 5000 per month.

Please help with right ideas.

Expert and senior dimers help needed

31 Comments  |  
18 Dimers
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Divide into 3-4 parts and put it in different bank’s FD or savings account. Assuming rate of interest of say 6%, your interest would come to 90K yearly, which means approx 7.5K monthly. This would be the safest “investment” in my opinion.
Regarding FD and savings account you can for any psu or private commercial ones; but don’t go for small finance banks; also don’t keep more than 4-5 lakhs in 1 bank.

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Mutual fund, property like agriculture land 1 acre can give 50k rent in 1 year min.and some products too and buy an house or flat or shop give it on rent 😇

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Since your requirement is bare minimum, FD can suffice, but would be better if you specify your liquidity preferences

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If you have a senior citizen in your family, Invest in PMVVY

10 years lock-in and you will get 7.4% interest

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_pb wrote:

If you have a senior citizen in your family, Invest in PMVVY

10 years lock-in and you will get 7.4% interest

But he needs a monthly income

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vipin13 wrote:

Mutual fund, property like agriculture land 1 acre can give 50k rent in 1 year min.and some products too and buy an house or flat or shop give it on rent 😇

buy an house or flat – with 15lacs its unbelievable for me

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caks2006407 wrote:

buy an house or flat – with 15lacs its unbelievable for me

Bro depend on city and location where you want to buy 😇

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raman12 wrote:

1bhk maybe rolleyes

Yup 2-3 year ago…my house 1800 sq feet sold in 20lac.
Which is good location, in mid of city all transportation are near and in smart City 😇

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raman12 wrote:

But he needs a monthly income

Monthly option is there in pmvvy

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Sell options in stock market.

Edit: please understand the pros and cons before investing / trading in stock market.

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vipin13 wrote:

Yup 2-3 year ago…my house 1800 sq feet sold in 20lac.
Which is good location, in mid of city all transportation are near and in smart City 😇

Which city?

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amdoinggood123 wrote:

Sell options in stock market

I hope this was a joke.
Please mention this in your reply … else somebody try this and will loose all his money!

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Buy a small shop in running market or a small home and put it on rent.

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androgame wrote:

Modiji se aaye hain ? stuck_out_tongue

No brother.Its came from selling a land

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Do you need regular ₹5000/Month?? Or Can You invest for long term??

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Invest in Fixed Deposit. Forget everything else. Monthly interest payout on 15L will give you around 8k/month @ 6.5% on FD of 1 year

In case you need an unsecured credit card (not against FD), a few banks would give you that option too after 6-9 months for keeping this much amount with them. Usually CC limit is 2-3 L.

Banks would give you better saving account features though these may not be of any use in present times due to covid (lounge access, discounted movie tickets).

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vipin13 wrote:

Yup 2-3 year ago…my house 1800 sq feet sold in 20lac.
Which is good location, in mid of city all transportation are near and in smart City 😇

Which place

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raman12 wrote:

Which place

Pura adress btaana jaruri haii…near new nagar nigam building 😄

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vipin13 wrote:

Pura adress btaana jaruri haii…near new nagar nigam building 😄

Bas city janna tha, baki comments saare nahi dekhe

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xuseronline wrote:

I hope this was a joke.
Please mention this in your reply … else somebody try this and will loose all his money!

Done sirji

Missing