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.
Kamlesh
Stealth
7 months ago
You can put it in invoice investment avenues like Falcon. Much better rate of interest compared to FDs.
Kamlesh
Stealth
7 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
Do you follow Akshat Srivastava even he keeps mentioning these stock names.
Kamlesh
Stealth
7 months ago
People lost money following his advice lol. Be careful.
AntonKriel
Stealth
7 months ago
Do not put your money in stocks for 3-6 months. March is a profit booking month. Not good time given that everything nearly all time high. Better just go with LiquidBees or simply treasury bonds for 3/6 months validity. Can expect 5-6% of yearly return. Have a piece of mind with sovereign guaranteed investment.
go with either icici prudential ultra short term direct growth or nippon india ultra stort term direct growth
Firestop
Stealth
7 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..
Arbitrage funds are used by HNIs in such cases. Check PPFAS or any other. Better taxation on gains when compared to liquid funds, FDs.
Sale of probably puts you in HNI category directly anyway, so go for it.
Discover More
Curated from across