Safe option to invest as of now, apart from FDs.
I have to invest some money for 1-2 years, so according to the current market scenario, what and all would be the safe option, apart from FD to get a better return.
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Play equities in the stock market
Thanks for suggesting. I'll definitely read more about it.
Buy dividend shares that have corrected, dividend is like fd interest only. Nmdc irfc ongc coalindia ofss hcltech wipro vedanta itc hind petro bpcl. Pick whatever you feel survive in future. Check the ones that have consistently paid dividend
SIPs
- Index funds (since they are down)
- Manufacturing/capex focused companies should be good play (electrical and derived cos, capex is consistent with last year; gov. Is consolidating and trying to keep consistency as per budget)
- pharma/tech
- emerging small cap from a reputed fund house: canara robeco, dsp, motilal oswal, hdfc are generally ok.
- avoid high exp. ratios, and go for direct+growth fund.
- two large cap blue chips funds
Over a two year period, barring extreme events, this should give you minimum of FD level returns if you deploy a good sum right now(given corrections and drawdown scenario), with lot of upside if you are smart and consistent on it.
Thank you so much for taking your time. I really appreciate it ☺️