Where to park 1lakh for a month.

Deal Newbie
itzank1t
Hi everyone.
I have around 1 lakh inr which I don't have any use for 1 month. Just want to invest it somewhere 100% safe like fd but also get good returns for such short duration.

Thanks
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Deal Subedar Deal Subedar
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bet365.com

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Deal Cadet Deal Cadet
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You kidding? 😂

Benevolent Benevolent
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in my pocket 😝

Deal Lieutenant Deal Lieutenant
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in my account, will give you 6% return pa

Deal Subedar Deal Subedar
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If you are in 30% Tax bracket then just keep it in Savings account. Otherwise you may look into Liquid, Money market or Arbitrage funds

Deal Cadet Deal Cadet
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I didn't understand that suggestion. If he's in 30% bracket then he need to find alternative where he won't get taxed 30% on this earning. Saving account interest gets taxed with 30%.

Best is to invest on Arbitrage fund where tax would be 20% STCG !
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Deal Newbie Deal Newbie
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Go for overnight funds

Deal Cadet Deal Cadet
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high interest savings ( 5-6%) account.

Or any liquid fund , overnight funds, ultra short duration funds.

Deal Subedar Deal Subedar
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bet365.com

Beacon Beacon
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Are u the same guy on reddit?

Deal Cadet Deal Cadet
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Mobikwik extra.. Good returns ..

Deal Captain Deal Captain
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Flyaviator

Make sure to catch the plane before it leaves

Deal Captain Deal Captain
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Stake. You should go for double or nothing.

Comrade Comrade
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For safe returns buy T-bills and the duration is a minimum of 3 months.

The current rate is 6.8% annually for T-bills, you might get 1700 for three months, and after three months you will get your whole amount.

No hidden charges.


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