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FloatingMarshmallow
FloatingMarshmallow
Student

Need suggestions for lump sum investment

I have around 8 lakhs in my bank account, and I was thinking of buying a car worth around 15 lakhs after 6-7 months. I have a few SIPs that I've been investing in for a long time, and I was thinking of investing this money for the next 6–7 months in these SIPs. So should I buy some kind of dip instead of keeping the money in the bank? Even after short term capital tax, I could get more returns than if I kept it in the bank. Am I thinking this right, or am I missing something? Any other suggestions?

6mo ago
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PerkyNoodle
PerkyNoodle
InMobi6mo

Why don't you try getting a financial plan? You can talk to a financial advisor for free on 1 Finance, 1finance.co.in

FluffyPotato
FluffyPotato
Student6mo

If you are looking for the consultancy for investments then I work in a company where our founder who has 20+ years experience in banking sector provides consultancy as per your needs.....for more help we can have a chat....do let me know please if you are interested in it..
Thank you

WigglyTaco
WigglyTaco
LTIMindtree6mo

Buy SGBs from secondary market which end in 6-8 months. On maturity, you get the gains on the gold price applicable on maturity plus tax free and ultra safe as it is RBI.

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