Personal Finance Community

by Sherlock007

6 months ago

P2P lending diversification

I have put lots of my liquid money into P2P lending and get 1k daily from cred mint, mobikwik xtra and 12%. Reason- My bank pays interest which hardly can beat inflation. Question - Where should I park my liquid money ? PS - Markets at high and real estate is bound to crash.

ElonMast

Amazon

6 months ago

Are you seeing post tax returns ~ 6.3%? Too much risk! Will suggest to go for arbitrage funds, comes with equity tax benefits.

Sherlock007

TCS

6 months ago

Where to invest in arbitrage funds? Is it available on grow, if yes please name the fund

ElonMast

Amazon

6 months ago

Search arbitrage funds in Groww, you will see many options from different AMCs.

EdibleRain1

Student

6 months ago

are you sure real estate will crash ? Any lead indicators ? Can you say more about this..

Grapevine107

Stealth

6 months ago

I don’t think real estate will crash. When market reaches such highs, there comes a time when people believe it’s not worth investing at these levels and they look for alternate places to invest. I expect real estate and gold prices to go up because of the same

Sherlock007

TCS

6 months ago

So here I go. Top 5% of Indian drive real estate consumption. After rera n GST, Black money guys in real estate has reduced. With onset of AI and Developed economy going into technical recession...we can see an impact on Indian job market. As ai strengthen, more people will be replaceable. Most of the loan has tenure of 10-20y. So they will default and a crash. Google about China and usa housing crisis.

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Celsius_Fahrenheit

Stealth

6 months ago

I park my Liquid funds in Liquid MFs. Better returns than Savings accounts, almost same as FD, and can be redeemed without ant penalty charges. Plus, is relatively safe.

Sherlock007

TCS

6 months ago

Which app, grow??

Celsius_Fahrenheit

Stealth

6 months ago

Kuvera

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Rimboche

Porter

6 months ago

Why not park money in small banks which offers better SB and FD interest rates ? Like EquitasSmallFinanceBank.

Sherlock007

TCS

6 months ago

It hardly gives 6-8%

Apradh

Stealth

6 months ago

Not sure about other opportunities but the one you’ve invested in might come under RBI radar (P2P lending NBFCs are).

Sherlock007

TCS

6 months ago

Course of action?

Ajmonk96

Stealth

6 months ago

Yeah I have 4 lac in 12 club, should I pull

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SabChangaSi

Stealth

6 months ago

I sincerely hope you have >5 cr in investable corpus. 14L is not safe if not. Please speak to a financial advisor.

FancyChino64

Stealth

6 months ago

check out Checkout this post on Grapevine - https://share.gvine.app/G5e8rHUiEfN43TNp7 P2P Lending firms self regulating to stop instant withdrawals from 1-Apr