Hotness Need Investment Advice from Experienced Dimers !

Hot Deal Need Investment Advice from Experienced Dimers !

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Coupon Baba
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Hi All,

I want to Invest 3 Lakhs for 6 months !

I want to know any scheme or any policy which provides monthly income from 7 th month or after certain period ?

Policy should be Govt. Registered or Approved or Licensed !

Kindly post certain details like policy or scheme name with contact details to invest !

Thanks in Advance smile

83 Comments  |  
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Deal Lieutenant
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How is bharatpe 12% ROI

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Deal Subedar
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Since Iran America tension continues, stay away from equity market. Invest in traditional safe investment methods.

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Deal Cadet
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If you are living in a city with IDFC,DCB & kotak bank branches then invest 1 lakh+1 rupee in kotak to get 6% interest, 1lakh in idfc to get 7% interest & 1 lakh in DCB shubhlabh acc to get effective 8.3% interest(incl cashback).

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Deal Lieutenant
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when you use the word “policy” it implies you are considering insurance. insurance is not an investment product.
however, if you are willing to invest on long term basis then there are annuity products offered by insurance companies.
however, if want to invest just for 6 months, then stay with Bank FD or high interest savings accounts.

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Coupon Baba
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panchabhut wrote:

when you use the word “policy” it implies you are considering insurance. insurance is not an investment product.
however, if you are willing to invest on long term basis then there are annuity products offered by insurance companies.
however, if want to invest just for 6 months, then stay with Bank FD or high interest savings accounts.

Congratulations on Level Upgrade smile

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Deal Subedar
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Will suggest to open FDs. Still less but something with security. And open 2-3 accounts in different banks. I came to know only 1 lac is insured if anything happens to bank. @rogerthat is it true banker babu?

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Deal Cadet
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P_A_N_K_A_J wrote:

Will suggest to open FDs. Still less but something with security. And open 2-3 accounts in different banks. I came to know only 1 lac is insured if anything happens to bank. @rogerthat is it true banker babu?

1 lakh insured amount rule is there since 1961. However it is also a fact that RBI has never allowed any scheduled commercial bank(read the wiki definition,basically it is every major Indian bank(public or pvt) which is not cooperative bank) to fail in India till now.

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Deal Lieutenant
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syed786 wrote:

Congratulations on Level Upgrade smile

thx. did not notice.

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Deal Cadet
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guest_999 wrote:

If you are living in a city with IDFC,DCB & kotak bank branches then invest 1 lakh+1 rupee in kotak to get 6% interest, 1lakh in idfc to get 7% interest & 1 lakh in DCB shubhlabh acc to get effective 8.3% interest(incl cashback).

Why not 3 lakhs in DCB shubhlabh acc to get effective 8.3% interest confused

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Deal Subedar
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guest_999 wrote:

If you are living in a city with IDFC,DCB & kotak bank branches then invest 1 lakh+1 rupee in kotak to get 6% interest, 1lakh in idfc to get 7% interest & 1 lakh in DCB shubhlabh acc to get effective 8.3% interest(incl cashback).

Kotak bank 6% interest is from rs 100001 onwards. Rs 1 to Rs 99999 will get 4% .Ie first 99999 will get 4% int only

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Invest 1.5Lacs on 31st March and 1.5Lacs on 1st April in PPF account.

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P_A_N_K_A_J wrote:

Will suggest to open FDs. Still less but something with security. And open 2-3 accounts in different banks. I came to know only 1 lac is insured if anything happens to bank. @rogerthat is it true banker babu?

yes this is true as on date.

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Deal Cadet
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Nighthawk69 wrote:

Why not 3 lakhs in DCB shubhlabh acc to get effective 8.3% interest confused

Because the max cashback is capped so above 1 lakh it is still same cashback(Rs.4800/year) while interest also remains same at 3.5% so no point keeping above 1 lakh.

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Deal Cadet
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ngblr wrote:

Kotak bank 6% interest is from rs 100001 onwards. Rs 1 to Rs 99999 will get 4% .Ie first 99999 will get 4% int only

Yeah you are right.Just checked with a friend having kotak acc & he confirmed it.DBS clearly mentions the term “incremental” so there is no confusion but kotak bank does not clearly mention it so got confused. In that case dbs bank is a better option which gives 5% on first 1 lakh & 7% on next 1 lakh making it effectively 6% on 2 lakh.

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guest_999 wrote:

Because the max cashback is capped so above 1 lakh it is still same cashback(Rs.4800/year) while interest also remains same at 3.5% so no point keeping above 1 lakh.

Perfect. Thank you

L chair
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Park these funds in an ultra short term debt fund. I would recommend Franklin ultra short bond – direct plan: https://www.valueresearchonline.com/funds/16854...
It has delivered 9.71% returns in last 1 year and 4.75% in last 6 months.

For monthly income from 7th month onwards or whenever, start an SWP for your chosen amount, say, Rs 10,000 per month.
All the best smile

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sidwho wrote:

Invest 1.5Lacs on 31st March and 1.5Lacs on 1st April in PPF account.

And here goes 15 years laughing

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AryanExpedition wrote:

Park these funds in an ultra short term debt fund. I would recommend Franklin ultra short bond – direct plan: https://www.valueresearchonline.com/funds/16854...
It has delivered 9.71% returns in last 1 year and 4.75% in last 6 months.

For monthly income from 7th month onwards or whenever, start an SWP for your chosen amount, say, Rs 10,000 per month.
All the best smile

Today itself I parked 1L in ABSL Low Duration D plan. grinning grinning

Chose it over Franklin only coz that had Vodafone Idea in its portfolio.

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Sins1995 wrote:

Today itself I parked 1L in ABSL Low Duration D plan. grinning grinning

Chose it over Franklin only coz that had Vodafone Idea in its portfolio.

That’s a decent fund although not exactly comparable to FT ultra short as ABSL is low duration fund while Ft is ultra short duration.
Apart from portfolio difference like you’ve mentioned, ABSL’s YTM is only 6.39% compared to FT’s 10.48%. Also, FT’s average maturity is only 0.62 years(since its ultra short duration) while ABSL’s average maturity is 0.98 years.

I do agree however that this ABSL fund is slightly safer than FT’s fund as far as portfolio quality is concerned but then the ABSL fund is more sensitive to interest rate changes than the FT fund.

While not a bad fund, if I had to pick a low duration fund, it’d be one of either Invesco Treasury Advantage or Kotak Low Duration.

All in all, I would pick FT Ultra Short Bond over ABSL Low Duration anyday, but to each his/ her own!

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AryanExpedition wrote:

That’s a decent fund although not exactly comparable to FT ultra short as ABSL is low duration fund while Ft is ultra short duration.
Apart from portfolio difference like you’ve mentioned, ABSL’s YTM is only 6.39% compared to FT’s 10.48%. Also, FT’s average maturity is only 0.62 years(since its ultra short duration) while ABSL’s average maturity is 0.98 years.

I do agree however that this ABSL fund is slightly safer than FT’s fund as far as portfolio quality is concerned but then the ABSL fund is more sensitive to interest rate changes than the FT fund.

While not a bad fund, if I had to pick a low duration fund, it’d be one of either Invesco Treasury Advantage or Kotak Low Duration.

All in all, I would pick FT Ultra Short Bond over ABSL Low Duration anyday, but to each his/ her own!

Nice info.
Personally, I was looking for safety more than return. Also, I am planning to keep this for 3 years.

What would have been ur choice under this senario??

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guest_999 wrote:

1 lakh insured amount rule is there since 1961. However it is also a fact that RBI has never allowed any scheduled commercial bank(read the wiki definition,basically it is every major Indian bank(public or pvt) which is not cooperative bank) to fail in India till now.

There is first time for everything.

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Deal Newbie
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Is this thread only for English speaking people. Speak in hindi also so other can understand expressionless

Babys%2001
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Sins1995 wrote:

Nice info.
Personally, I was looking for safety more than return. Also, I am planning to keep this for 3 years.

What would have been ur choice under this senario??

Tata NCD opening from tomorrow giving 8.1% on 3 years. From Tata so can be considered 99.9% safe…

Babys%2001
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guest_999 wrote:

1 lakh insured amount rule is there since 1961. However it is also a fact that RBI has never allowed any scheduled commercial bank(read the wiki definition,basically it is every major Indian bank(public or pvt) which is not cooperative bank) to fail in India till now.

U rightly said 1 lac ‘’ insured ’’ amount, which neither bank gives nor RBI gives in case of default. It is given by Insurance Company.

& to be eligible for it, bank must have deposited Insurance amount for it. People have misconception that they will get assure 1lac rs. In case of default by bank. If bank had not paid Insurance amount & then they default then……..

So now check whether ur bank has taken Insurance for it or not!!!!

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smz wrote:

There is first time for everything.

Indeed,so by same logic nowhere you keep your money is safe.

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drjpatwa wrote:

U rightly said 1 lac ‘’ insured ’’ amount, which neither bank gives nor RBI gives in case of default. It is given by Insurance Company.

& to be eligible for it, bank must have deposited Insurance amount for it. People have misconception that they will get assure 1lac rs. In case of default by bank. If bank had not paid Insurance amount & then they default then……..

So now check whether ur bank has taken Insurance for it or not!!!!

https://www.dicgc.org.in/FdLibCommercialBank...px

I don’t see any scheduled commercial bank missing.

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singh.sourabh4224598 wrote:

Is this thread only for English speaking people. Speak in hindi also so other can understand expressionless

Translate this into “HINDI”- “Since Iran America tension continues, stay away from equity market. Invest in traditional safe investment methods.”
Without google translate sunglasses You would understand why this thread is in english
Do note , i am talking of “Hindi” and not the adulterated forms of it stuck_out_tongue
@bikidas2060580 Used your comment as sample bro smile

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Deal Lieutenant
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drjpatwa wrote:

U rightly said 1 lac ‘’ insured ’’ amount, which neither bank gives nor RBI gives in case of default. It is given by Insurance Company.

& to be eligible for it, bank must have deposited Insurance amount for it. People have misconception that they will get assure 1lac rs. In case of default by bank. If bank had not paid Insurance amount & then they default then……..

So now check whether ur bank has taken Insurance for it or not!!!!

deposit of insurance premium is mandatory as per RBI guidelines. if they fail to do so, their banking licence will be withdrawn.

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Deal Lieutenant
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AryanExpedition wrote:

Park these funds in an ultra short term debt fund. I would recommend Franklin ultra short bond – direct plan: https://www.valueresearchonline.com/funds/16854...
It has delivered 9.71% returns in last 1 year and 4.75% in last 6 months.

For monthly income from 7th month onwards or whenever, start an SWP for your chosen amount, say, Rs 10,000 per month.
All the best smile

and the returns are taxable. savings bank interest on the other hand is tax free till 10K per year.

Missing