How to invest 6-7lakhs for short period
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My dad has 6-7 lakhs and is keeping money ideal.
I suggested mutual funds and shares but he is not willing to take risk.
Currently I have put 2lakh in dbs primary account,1lakh in dbs second account,1lakh in SBI,1lakh in PAYTM primary account and 50k in secondary account (not allowed 1lakh as I don’t have pan card of account owner).and have some 50-1L as cash.(hardly using 30k per month)
Please suggest how to invest this 6-7L with 0 risk. I am not thinking of very high returns. Just 10% I am expecting per year.
And I am require to withdraw at 6months also.
Please suggest some investment strategy.
Also ITR also please suggest
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Currently getting almost 6-7% and addl. bms/cb ~2%
avg getting 8% by my strategy.
But want experts advice to gain addl. 2% without any risks
You are insane, Why can’t you directly get the FD out of it? Y soo much segmentation? is 8% or 10% of 10L really make much difference? Better to get a liquid/short term fund else single FD and keep calm. rotating money doesn’t suggested/
My dad is not accepting liquid funds.
And why I segmented mainly for easy UPI transaction.suppose there is any offer I can avail using 4-5accounts
10% pa is impossible. Make a FD in either a large bank or post office and control your greed for returns unless you are willing to take a large risk.
I’m planning to park 2L in debt mutual fund for 3 years (better than fd as u get benefit of indexation)
But I am confused how to choose the best one from them. Need the safest option with less exit load.
We may Invest in Index fund for more return. ( Just a opinion. I am not a financial advisor )
10 percent is a high return nowadays man
High Return = Risk Involved .
Make FD And Lessen Your Greed.
Open IDFC First bank account and create FD there.
FD doesn’t make sense, also is money safe with IDFC Bank? I doubt that they provide 1 lakh safety under govt. scheme.
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10% isn’t high return?