What to do with 6 lack
I have 6 lack saved after ,I been working for 1.5 yrs after my college . I wanted to know about some passive income scheme where I'll get monthly some money 5k . Any idea on where to put 6 lack to get pass8ve income?
VagueElbow
Stealth
a year ago
Go to stable money app, get a senior citizen from your family, make them open an FD in Utkarsh SFB for 9.1%. U will make 4.5k per month. Upto 5 lakhs is guaranteed by the govt insurance company in case bank fails.
BingoMadAngles
Stealth
a year ago
SUPERb
Not sure if you really need that 5k for something or just as an assurance to see money yielding. If it’s later, start building your equity portfolio, with age on your side, let the money grow big. Expecting this decade to show us growth like China had in 90s.
Ajmonk96
Stealth
a year ago
I don't want that money actually , my small plan was to just take that money and put it in nifty or something. For 4 yrs min.
Keep 3-4L in bank FD as an emergency fund. Invest rest in indexes (N50, NN50), ELSS MFs. If you have time then you can DYOR and get individual stocks
