SwirlyPretzel
SwirlyPretzel

Where to invest cash right now?

I’ve around 30L of cash. What’s the best place to invest? I’m worried about the volatility of the market.

30mo ago
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FuzzySushi
FuzzySushi
TCS30mo

6.75% fd rate for 1 year..just park in FD

SwirlyDonut
SwirlyDonut
Amazon30mo

Which one is this?

FuzzySushi
FuzzySushi
TCS30mo

HDFC,almost every bank...small finance banks give 9 %.... I'm talking per year

TwirlyRaccoon
TwirlyRaccoon

Check out alternate investing platforms, can help you understand the same. Some platforms I know of:

  1. Leafround.com
  2. Jiraaf.com
  3. Tradecred.com
  4. Klubworks.com
SwirlyPretzel
SwirlyPretzel

Ye mat kiya kar bhai. They are not as regulated as stock market under SEBI.

WigglyBanana
WigglyBanana

Jiraaf kabhi mat karna please

SquishyBagel
SquishyBagel
Student30mo

Don't invest. YouTubers are just fooling you. Keep it in FD. (inflation is all bullshit) (I can guarantee you, you will lose more by investing than the effect of inflation).

SwirlyPretzel
SwirlyPretzel

Pretty bad advice but Tera kya tu toh abhi abhi career start kar re you will get to know the benefits of investing. Also putting it in fd is also investing albeit for low but risk free returns.

FloatingNugget
FloatingNugget

This student has tooo much knowledge. Pls take credibility into account instead of plain stupid opinions

FloatingNugget
FloatingNugget

First off. Asking life changing financial advice from bunch of nobodies hiding behind a pseudonym is a bad idea. No shit you don’t do this on Reddit. Second simply start buying SIP (weekly) into index funds. No lump sum. Nothing beats dollar cost averaging and nothing beats the index

SquishyNarwhal
SquishyNarwhal
Zepto30mo

Keep it liquid. Liquid funds with low exit load. Idk the US market crash might ripple to India. Not financial advice.

BouncyPancake
BouncyPancake

Park it in debt as per your risk appetite and start a stp for nifty. Don't try timing the market, it never works out.

GoofyDumpling
GoofyDumpling
ITC29mo

Park in RBI bonds. Backed by govt of india ... so safe plus interest yield of approx 7% p.a. plus

Highly liquid so you can withdraw & put it in the markets in case there is a severe fall

SwirlyPretzel
SwirlyPretzel

How much is 30 L for you also matters, ek saal ka kamayi? Toh ek saal ke time frame 'stp' ke route se invest kar sakte ho or if it is multi years worth toh you will have to diversify into bonds/ debt / equity/ SGBS/ T bills etc.

ZippyPickle
ZippyPickle
Happay29mo

You should invest in equities/mutual funds only with a investment horizon of 7-8 years. Its a long time and absorbs all the market fluctuations.

SquishyBagel
SquishyBagel
Student29mo

Lol

FuzzyPenguin
FuzzyPenguin

my opinion is Invest in Lands with careful.

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