Hot Deal where to invest my 5Lacs??

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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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mihir2812711 wrote:

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.

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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vishyvish1420 wrote:

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!!

Go to Zerodha or ICICI Securities and open a Demat account. Then you can buy and sell shares or any other securities.

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vishyvish1420 wrote:

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!!

then better not to dabble in direct equities.
or
if you are under 25 or thereabouts then go-slow and proceed with smaller amounts.
otherwise checking valueresearchonline, moneylife, mutualfundsindia and similar resources (to check) for which fund managers are managing which schemes or which are cross investing in each other group companies..
will give you better idea of MF world. (brand names do not make much difference with MF schemes. have had great and WTF products even from Templeton, SBI, Sundaram)
besides their weekly, monthly releases of portfolio/scheme compositions, if you are with some big corporate or have access to internal people.. you can bait the MF to share daily changes with you or your company (quid pro quo: we will invest after seeing how you manage the scheme)

the doing anything “blindly” is the most ridiculous and idiotuc advice one can give.
especially in any risky fields.
had i got a positive outlook for economy and markets for 5 years, i could have suggested investing in main Index funds or sectoral Index funds.
but presently i do not have high hopes for next 5 years.
2 years or more will go in just getting back up on the feet.

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theruler007 wrote:

avoid liquid funds !!!!!!! check what happened to franklin debt funds !! money struck , my friends money is struck …

i would suggest get 1% less and have peace of mind !!

idfcbank still gives 7.5% for senior cit !!

It was not a liquid fund. It was a debt fund that invested in chutiya papers, cd in the name of returns.

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

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mihir2812711 wrote:

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.

Good idea to buy RIL shares at 2000+?

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