Need suggestions on One time investment of 2 lakh
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I need suggestions for a one time investment of 2 Lakh.
Actually my parents have 2 Lakh ,they got it from a mature FD. Now they want to reinvest in FD again
Suggest best investment which is secure with best roi for them and if possible should be easily redeemable.
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Certainly,they only asked for options and with their approval only I will proceed.and I don't want a penny from that amount, I wanted to keep their requirements.
fd is good and secure with 0 risk + easily redeemable ,currently Indand income tax until 40k intrest,indian market is in bubble at least according to me 😬
Purchase NSC from post office.
Small finance bank FD
You can choose to make FD again in any bank offering high interest rates. If parents are senior citizens then they will get higher interest rate as well. Upto 5 Lac is insured by DICGC so it is safe to invest in any small finance bank too.
Looking for one time investment
1) if you dont have time -> keep it in FD for high liquidity
2) if you have time to monitor -> dabble in MF
3) if you have patience without heartbreak -> juggle into stocks BY YOURSELF (never take tips from anyone, go with learning yourself) BUT KEEP EXTRA MONEY MIGHT NEED ANOTHER 2LAKHS TO AVERAGE IN AFTER 4 YEARS IF STOCK MARKET CRASHES
4) Bonds and P2P you need to keep watching REGULATORY NEWS from RBI regarding Corporates, Banks and NBFC
5) Gold if you are okay with 8% to max 10% CAGR (past record i think)
6) Land you cant find any good land with just 2lakhs, so forget land for now
7) Govt Treasury bills OR Post office schemes max is 8.5% at this point of time
Answer is : PICK ONE OF THE ABOVE BASED ON YOUR RISK APETITE
Don't invest in products you don't understand...people have no morality..will advise you any products for referrals and commissions
investment which is secure
let them do FD again please .
Whatever you decide, please ensure that you do only after approval from parents.