Where to park 1lakh for a month.
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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
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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https://www.desidime.com/comments/permalink/10244770
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
https://www.desidime.com/comments/permalink/10248205
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 !
Best is to invest on Arbitrage fund where tax would be 20% STCG !
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https://www.desidime.com/comments/permalink/10244809
high interest savings ( 5-6%) account.
Or any liquid fund , overnight funds, ultra short duration funds.
https://www.desidime.com/comments/permalink/10245072
Are u the same guy on reddit?
https://www.desidime.com/comments/permalink/10245706
Stake. You should go for double or nothing.
https://www.desidime.com/comments/permalink/10246084
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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