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where to invest my 5Lacs??

1242°
Deal Newbie
vvk.iitr588

Where to invest my 5 lac savings to get best returns at this time..? If Bank FD then which is best?
Also mention other sources.
Thanks in advance smile

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Deal Lieutenant Deal Lieutenant
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Tym for silver

Deal Subedar Deal Subedar
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Too high to enter and very volatile.

Deal Cadet Deal Cadet
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Put few lakhs in Inudsind FD. It gives 7% Since the assessee is in 30% tax bracket. Put the money in your name. Tax incidence will be lower otherwise your earnings are 4.9%. Put a couple of lakhs and buy Reliance shares and forget for 5 years.

Deal Subedar Deal Subedar
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Thanks for your response. I shall now put some money in that goi rbi thing, some money in Indusind fd(as per their liability I guess) n some in reliance shares then.. Can you point me towards which specific shares please as I have no clue what am I talking about!!

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Super Stud Super Stud
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laxmi chit fund?

Benevolent Benevolent
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I wish I had 5lacs to invest scream

Deal Subedar Deal Subedar
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Please check videos on YT for liquid, money market funds.

Super Stud Super Stud
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PM cares fund

Deal Subedar Deal Subedar
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Bitcoins – 21 din me paisa double

Deal Cadet Deal Cadet
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Anyone has experience in investing in bonds through GoldenPi

Deal Cadet Deal Cadet
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Why not equity mf??

Commentator Commentator
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Through lumpsum right now? Not advisable if that’s the only saving you have and you may need it in less than 5 years

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Deal Cadet Deal Cadet
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how are bond returns taxed ?

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