How much money are we talking about? 
  
 Easiest is to ask your bank to enable Sweep-In for your Savings account.  The delta above a specified cash (eg 10K) gets automatically converted to a FD. 
  
 When you need the money, the FD 'breaks' and you have instant access. 
  
 Marginally higher interest rates.

Sounds good enough for me. Is this option available in SBI ?

Software Developer

Yes. Called auto sweep.  Thresholds are slightly higher than private banks - 25K iirc.

Sales Manager

Product Owner

Senior Consultant

I keep my savings in a bank account with a very average annual return. Shall I start to keep my savings in a low duration Debt Fund? Not all the amount but like 50% of the savings in Debt fund and ...

Welcome to Personal Finance's Private Community

I keep my savings in a bank account with a very average annual return. Shall I start to keep my savings in a low duration Debt Fund? Not all the amount but like 50% of the savings in Debt fund and rest keep in savings account.

Where to keep my savings

Where to keep my savings- Grapevine

I am planning to save some % of my salary every month and go on a trip at the end of the year.

My plan is to save around 3k-5k every month apart from my usual monthly investments. 

I haven't planned anything yet so I am open to your suggestions.

Investment ideas for short term (<1yr)

Software Engineer

Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself.

1. Working in consumer finance.
2. Love personal finance and helping people out with it.
3. Have published 10,000+ pieces of financial content in the mainstream media.
4. Wrote a best-selling book on money management. It was No. 1 on Amazon once upon a time. 
5. Lately been appearing on TV regularly for personal finance discussions.
6. Saved like crazy through my 20s and 30s, brought two apartments; have an 8-figure net worth mostly thanks to my mutual fund investments. It's not much but it's hard-earned.
7. My unrealised aspiration is travel and I'm working on it now.

No, I'm not selling anything. No commissions, no referral links, no finfluencing. 

Just want to talk, exchange ideas, and learn from you all. Maybe I'll feature you in my next book. :)

Ask me anything.

Let's talk money habits.

Corporate Strategist

What is your preferred approach for safe keeping your savings?

How much would you allocate for emergency fund?
How much would you allocate for investment (shares/mutual funds/ gold/ bonds)?
How much would you allocate for dead assets (property/ land)?

Savings break-down

Solution Architect

Please suggest some short-term (6Months - 1 Year) investment options, other than FD with good returns.

Investment Advice - Short Term

Product Manager

Hi Grapevine, 

I'm Arnav, Director of Engg at Jio Cinema. I previously exited my startup to Scaler. Some of you may know me from ScalerPod. I've also led engineering teams at Zomato & Target. 

Here to chat with you about my journey in startups, leading engineering teams, and products at scale, among other things.

Ask me your question. I'll be back at 8 pm and begin answering!

I'm Arnav Gupta, Director of Engineering at Jio Cinema. Ask me anything!

Why is jiocinema so effin horrible to use on Samsung tvs ? Just fix this shit already.

Intern

Have a significant cash position right now. Currently, majority is tied up in Indian blue chips and index ETFs. I have a minority position in Fixed Income securities and currently building it up more as I suspect interest rates are likely to have plateaued at their peak.

What is your investment allocation strategy?

Hi folks,

We, as a family of two, roughly save 50-60% of our salaries every month. Amongst the savings, 95% goes to equity mutual funds (index). We don’t have any other hard asset and stay on rent in a tier 1 Indian city hardly without any EMI and planning to expand the family soon.

I was wondering, 

1. how are we doing in terms of personal finance, and,
2. what are the typical savings rate and equity (or other asset) investment allocation rate for others?

Savings rate and investment allocation rate

Quantitative Research

Where do you all save emergency funds and other savings for short term needs. Let's say if you wanna save some amount of your salary and don't want it in a bank, where would you put that money so it gets better returns than bank and it can be easily liquidated. Please suggest where you would put it and how much returns you may expect.

Short term investments

Hello community, 

Need help in the decision-making of the money that I have in my bank.
Currently, I have around 13lakhs in my bank account. I dont know what to do with that money. I dont feel safe in stocks and dont know any other options where to invest money.
Help would be genuinely appreciated 🙏.  Thank you

Age - 24.

Investment help

What is the biggest expense, how much do you save and how much do you invest

How much do you save per month?

Analyst

I have been looking for funds to invest for 2-4 years duration, preferably 3. I have come across hybrid funds - Aggressive, Conservative and Balanced. Since they keep some portion of fund in debt, was looking into it for low-medium risk.
Have anyone tired them for such duration and how was your experience? Which one is preferred?
Any other investment instrument for such time period ?

Hybrid funds for 3-4 years duration

Insurance, investments, loans - fire away, happy to share the information I have / researched

AMA - personal finance

Growth Manager

Consider the current market situation and suggest investment options that are better than FDs. I know it's a subjective question but assume there are no major financial commitments or debt.

Investors of GrapeVine, where do I invest 20L now?

Looking for suggestions on where to invest and what are the best options in that category

For example, Canara Robeco Bluechip Fund for equity investments

Looking for suggestions on Mutual Funds, Bonds, PPF, EPF, FD, or any other types of investments paying off right now

Investment diversification

I see most of the people have over 60% of their net-worth in some kind of a financial instrument. So do you plan to just take out the investment after some milestone to use it? Like how do u rotate from investment to liquid - on what condition or how often?
Like people advice to keep emergency funds worth in bank account but what about sudden big purchases, bills or so? Do u then just sell off the investment and wait for the money to hit ur bank and then proceed with the thing ?

Do you cash in ur investments often?

I want to open another bank account where I wish to build a significant cash position (with about 5 months of my salary). I will use that money incase of emergencies or if I need a lot of cash, so that I don't have to exit any stock positions or mutual funds if I suddenly need money. The corpus will be created over time ofc. 
I wanted to know which is a good bank to go ahead with? 
I don't have a problem with a non zero balance account, all these banks offer a shit ton of options and benefits and I am confused. 
So, good people of grapevine share your wisdom. What would be a good choice with decent benefits.

Secondary Savings account

Backend Engineer

I have 20+ lakhs in bank account. My bank contact agent is telling me to invest these in a less risk mutual fund rather than in fds . What are your views on it? Is it the right path to go as that would help me save tax.

Investment advice

Security Engineer

As u guys know only 5L is insured, I want to know how much you’re comfortable keeping in account? Maybe someone’s living expense could be 10L a year and they are okay with keeping that as emergency fund liquid, just an instance. But given the kinds of scams and stuff that go on in wild, what is a good formula or number of Lacs to keep in bank account? Maybe u have several accounts for different purpose and u divide it? Please share your views.

[Thread] How much are you comfortable keeping in ur Bank account?

Currently most of my emergency fund is in FDs. Was planning on storing in multiple options. FDs are not even beating inflation these days. 


Have seen people keeping multiple tranches of emergency funds. combination of Multiple FDs in different banks, some in Liquid funds and some in bank account. 

What’s working for you? Need more insights on this?

Where to keep my savings

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