Help needed for investment purpose
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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
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Keep it in sbi / hdfc as FD.
No worry
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
Icici
Sbi
Hdfc
Good banks for FD.
If you have a senior citizen in your family, Invest in PMVVY
10 years lock-in and you will get 7.4% interest
Sell options in stock market.
Edit: please understand the pros and cons before investing / trading 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!
Buy a small shop in running market or a small home and put it on rent.
Do you need regular ₹5000/Month?? Or Can You invest for long term??
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).
Senior citizen saving around 9k per month
depends on Individua’s capacity to absorb risks,
rental yields have declined or seized in post corona period at least in cities.
LIC’s Jeevan Shanthi can be considered with assured returns till life time.
If senior citizen PMVVV/SCSS/POMIS can be considered in that order
Thanks bro
How fast would you want your money to grow? That will give you a lot of answers. Also how much risk you are ready to take. I agree with @censuresh that real estate is no longer lucrative ever since the pandemic hit. But what has remained unaffected is the stock market. If you are a risk-taker you can invest in the stock market with any of the reliable brokers in the market, like finvasia, zerodha, etc. However, start with a small amount first, and divide your capital in different sectors like tech stocks and health care, shares of these 2 have really boomed in the last 2 years.
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.