Investment Advice for Surplus Moony
Hi folks, Noob here I have surplus money laying around in bank and FDs.
Total ~ 19L Bank: 7L (extra didn't account for amount which I will hold in bank) FDs: 12L( This could be an Emergency fund?)
- What should be the ideal split in different categories in order to invest/grow/save this money?
- If some of this needs to invest in equity so how to do that? Like SIP or lumpsum but market are already very high....
🙏 Thanks in advance.
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Don't ever do P2P, your entire capital is at risk, no matter what p2p company says, your funds are secured or insured, nothing works when shit hit the fan.
Looking at your post I will suggest, 60% in Nifty 50 mutual fund & 40% in either small cap or flexi cap.
Just look for mutual fund with low expenses ratio & good past performance.
They're gonna do what they feel like. ;)
- Buy direct dividend stocks like ntpc, iocl, bhel, vedanta, Hindustan zinc etc.
With stock appreciation u can easily get fd kind of return.
- P2P lending...20 lacs will give u daily interest of inr. 667 daily or 2.4lpa
Now people will say it's risky, but am doing so since 3y and cred mint, mobikwik xtra and 12% are the platforms I use.
I save my 95% salary due to above reasons.
I know P2P is risky but didn't find anything worth.
Pro Tip - Use ur mom/dad account for P2P, so no tax
Thanks, Yeah I am also thinking about doing some research on P2P then will make a call.
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It's a side hustle for now. But I am super interested in finance, equities and mutual funds.
Cleared NISM exam by the side. Got registered as AMFI certified mf distributor.
Managing a 5cr+ AUM.
Will quit job at 10 CR AUM and do this full time.
Not allowed officially. No one knows at workplace. Try hard to keep it that way.
Invest in low budget location real estate, Nifty 50, sovereign gold bonds, or consult advisor to invest in combination of large, mid and small cap equities. Keep some portion in FD for emergency.