Want to invest 60 thousands for 30 days.. Please guide me

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Deal Lieutenant
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Want to invest 60 thousands for 30 days.. Please guide me

43 Comments  |  
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IamJavedSKhan wrote:

Want to invest 60 thousands for 30 days.. Please guide me

okay with fixed income product?
》》okay taking it as interest?
.
okay giving unsecured deposit/loan to some local (say: Mira Road/Vasai, Andheri/Juhu type) business?

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Deal Cadet
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Invest in laxmi chit fund. You don’t have to wait 30 days also. You can get double of invested amount=1.2 lacs in 25 days.
sunglasses
EDIT: JK. Create a 60 day FD as others mentioned. I think freecharge is offering 200 rs flipkart voucher for opening a FD with them on axis bank.

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Deal Subedar
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Create a 60 day fd. Simple and sober

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Deal Cadet
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Invest in index funds! Market is bullish right now, might last for some time

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Deal Cadet
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Unfortunately no instrument can beat inflation in that amount of time.

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Deal Newbie
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Invest in any liquid fund. You can withdraw any time with no exit load ! Safest bet !!

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Deal Subedar
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Best Option is liquid funds or overnight funds. The returns will be similar to savings bank account.

No other instrument is possible for such short duration,

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Deal Newbie
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Keep in idfc Savings account for 7% intrest, better than fd

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Deal Cadet
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keep money in IDFC first bank savings account, 7% annually

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Deal Subedar
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Give it to me, I’ll keep it safe joy

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Deal Lieutenant
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leonardodavinci wrote:

Invest in any liquid fund. You can withdraw any time with no exit load ! Safest bet !!

Any suggestions

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Deal Lieutenant
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InvestPotato wrote:

Best Option is liquid funds or overnight funds. The returns will be similar to savings bank account.

No other instrument is possible for such short duration,

Suggestions please

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Deal Cadet
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Found a P2P lending platform LendenClub giving upto 17% fixed returns.
Bharatpe interest account is also backed by lendenclub which gives 12%

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Deal Lieutenant
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Apun-hi-bhagwan-hai wrote:

Found a P2P lending platform LendenClub giving upto 17% fixed returns.
Bharatpe interest account is also backed by lendenclub which gives 12%

For 30 days?

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Deal Subedar
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Apun-hi-bhagwan-hai wrote:

Found a P2P lending platform LendenClub giving upto 17% fixed returns.
Bharatpe interest account is also backed by lendenclub which gives 12%

lendenclub is pathetic
NPAs are high and they don’t do much about them. If you try to approach them for it, they simply reiterate their disclaimer that p2p is subjec to risk.

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Deal Subedar
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Invest in reliance pp share. I have also done that bought at 1020. Will sell after result.

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Deal Cadet
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leonardodavinci wrote:

Invest in any liquid fund. You can withdraw any time with no exit load ! Safest bet !!

withdrawal in First 7 days will attract exit load

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Deal Subedar
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Majestic wrote:

lendenclub is pathetic
NPAs are high and they don’t do much about them. If you try to approach them for it, they simply reiterate their disclaimer that p2p is subjec to risk.

I echo the same views, stay away from lenden or any p2p platform , high NPA and zero recovery attempts by them

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Deal Lieutenant
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Kakarrot wrote:

Invest in reliance pp share. I have also done that bought at 1020. Will sell after result.

Link

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Deal Captain
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Dishman Carbogen maybe.

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Deal Cadet
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Bitcoin/eth/any altcoin stuck_out_tongue_winking_eye. Risk is higher 60k can turn into 10k or Zero ( that won’t happen though but a drawdown of 40%-50% possible) in 7 days or it can reach 1,20,000 or more in less than a day or two.

Stocks are less risker , also not recommending p2p platforms like lendednclub.

20% of my capital are now bad loans . Most People pay for first month then stop paying emi . Dontnknow how lemdendclub verify these profiles before listing.

So better would be a Overnight  fund/liquid fund/a saving account with 7% interest.

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Deal Cadet
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Best option out of all is bharatpe
U won’t get 17 % (like lenden which is risky)
But a decent interest rate of 12
%
That too daily
U can even keep money there for 2 days
And instant withdrawal no tension
Using since last jan

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Deal Cadet
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rocky015 wrote:

Best option out of all is bharatpe
U won’t get 17 % (like lenden which is risky)
But a decent interest rate of 12
%
That too daily
U can even keep money there for 2 days
And instant withdrawal no tension
Using since last jan

I think its not safe?

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Deal Newbie
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john78 wrote:

withdrawal in First 7 days will attract exit load

Oh..yes..my bad. Though neglisible exit load is there !!!

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Deal Subedar
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Create 2 IDFCFIRST bank saving accounts

One for you and other one for wife and

1) 6500/- profit within 30 days

2) Also earn 7% interest rate.

What can give better return than it for ultra short investment?

I don’t think any other exist

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Deal Lieutenant
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Shahskm wrote:

Create 2 IDFCFIRST bank saving accounts

One for you and other one for wife and

1) 6500/- profit within 30 days

2) Also earn 7% interest rate.

What can give better return than it for ultra short investment?

I don’t think any other exist

The interests are calculated and distributed after every quarter, So in case if you invest for 30 days… What will happen after that? He’ll have to maintain 25K x 2 accounts MAB unless wants to get charged for it

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Deal Cadet
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Shahskm wrote:

Create 2 IDFCFIRST bank saving accounts

One for you and other one for wife and

1) 6500/- profit within 30 days

2) Also earn 7% interest rate.

What can give better return than it for ultra short investment?

I don’t think any other exist

_ 1) 6500/- profit within 30 days_
Iski calculation samja bhai.

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Deal Brigadier
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https://cdn0.desidime.com/attachments/photos/659937/medium/7312469ET5F2fGUwAETWXE.jpg?1610709316

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