What is the best place to park a large sum of money for 3-6 months
Got money as proceeds of a flat sale. Planning to buy a new property for self use using this money and adding some more money. I need not put in escrow/infrastructure funds as sale has not resulted in any capital gain.
As the duration is super short, I would recommend to look for an instrument which can focus on capital protection with not so much of exit loads.
Apart from liquid funds, you can look for arbitrage funds
https://amc.ppfas.com/schemes/parag-parikh-arbitrage-fund/
Regulated by SEBI and simple instruments with not much complexity.
Don’t go for unregulated, hoaxy products where the end goal is to trap an investor.
In between liquid funds and FD. Using them for a while now, 3yrs, along with liquid funds for my emergency fund. Xirr around 6.5%, volatility a little higher than liquid, but never a straight week of negative returns.
Matilda Lee
Stealth
9 months ago
You can put it in invoice investment avenues like Falcon. Much better rate of interest compared to FDs.
Jordon Dean
Stealth
9 months ago
Came across it because a friend recommended it and has been using it for a year or so. Her husband recommended it to her and was using it for a while.
I haven't tried it myself yet, but I might in the future. Not sure about risk, still need to do more research on it.
Do your own research though.
https://play.google.com/store/apps/details?id=com.falconsgrup.userapp
See more comments
go with either icici prudential ultra short term direct growth or nippon india ultra stort term direct growth
Do you follow Akshat Srivastava even he keeps mentioning these stock names.
Karilyn Olive
Stealth
9 months ago
People lost money following his advice lol. Be careful.
Anise Dean
Stealth
9 months ago
Just my opinion ... Not a financial expert ...
if I were you I would have considered buying Safe Bet Stocks like HDFC and SBI cards stocks ...
But that's just me ... Not a stock recommendation..
Discover More
Curated from across