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ZippyCupcake
ZippyCupcake
Stealth

I have 15 lakh. Where do i invest for good returns and multiplying my money

I need reliable investment options with less risk

23mo ago
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WobblyBanana
WobblyBanana
Stealth23mo

Give it to me -I'll double in 25 days

SnoozyWalrus
SnoozyWalrus
Mott MacDonald7mo

Laxmi chit fund

SparklyRaccoon
SparklyRaccoon
Stealth23mo

I have been trading in the market for the past 3 years now if you want to learn and then do it then just let me know i can suggest some resources. But again you will have to do the hard work and trust me it will pay off big time and i am not talking about actively trading you can do it passively and still can compound your money at a rate you would never imagine. But again it's a lot of hard work.

SparklyRaccoon
SparklyRaccoon
Stealth23mo

I just read 1 of your comments that you dont want to invest in the stock market but if you are open to the idea i mean just look into it i am not suggesting you to invest just look into what i am going to suggest with an open mind :)

PerkyBurrito
PerkyBurrito
Sanofi23mo

I am curious about this. Please enlighten a bit more on how / what to do for compounded gains in trading

ZippyCupcake
ZippyCupcake
Stealth23mo

I don't want to invest in share market or mutual funds. I want to invest in other options. Don't want to hold myself into market trap. Other reliable investment options

FloatingPretzel
FloatingPretzel
Stealth23mo

Okay then you should go for debt funds. They are not risky and right now they are able to give 8% return if you can find best funds as interest rate peak has came.

Your return can go upto 12-13% in debt funds if you hold for 2-3 years

JumpyPretzel
JumpyPretzel
Stealth23mo

Open account into 3-4 small finance Banks, who are offering good FD interest of 8.5+%. Distribute your 15 lakh among those 3-4, making sure to keep it at max 4.5 lakhs in one. Upto 5 lakhs is RBI ensured, so you can go for any small Banking, or NBFCs. I tried it too, but those small Banks just don’t let me open bank account easily (they took detail online and will call back, God knows when).

FluffyNugget
FluffyNugget
Plivo23mo

Sounds to me u don’t want anything market linked. Then go for FD

DancingHamster
DancingHamster
Stealth23mo

Have heard Laxmi Chit Fund is pretty good, not sure if they are still around

SwirlyPancake
SwirlyPancake
Amazon23mo

You cab try mix of MCDs and Gold Bonds

SwirlyPancake
SwirlyPancake
Amazon23mo

MLDs*

DancingNoodle
DancingNoodle
X (formerly Twitter)23mo

Bharatpe's 12% Club.

I have kept 10lakh in this from past 1 year. Getting daily interest of 328

FluffyWaffle
FluffyWaffle
BYJU'S23mo

Risky choice, I know so many people whose account has been frozen without a proper reason. Their customer support sucks as well

FloatingMarshmallow
FloatingMarshmallow
EY23mo

Start buying IT bees or PSU bank bees for long term investment it's more safe than stocks and the returns you'll get over 5 to 10 years time frame would be unimaginable

DizzyMochi
DizzyMochi
Stealth23mo

you literally sound like Erlich bachman, Turn your profits into losses, and enjoy vacay in Hawaii.

PerkyBoba
PerkyBoba
Cred23mo

Gold or Government bonds?

SparklyPanda
SparklyPanda
Stealth23mo

Invest in PPF 1.5L Tax free 7.1% return Invest in Post office Savings 2L Invest 5L in Liquid Fund - and do STP of 25K every month which you can invest in NIFTYBEES staggered 3-4 times
Buy gold bonds worth 5L

Rest of it - invest in a good foreign trip. Experiences are worth investing, they help your mind expand and find better ways of dealing with life.

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Curated from across
Personal Finance
Personal Finance11mo
by WobblyNuggetSoftware Developer

How much wealth have you created yourself?

  1. Real estate (invested value)
  2. Liquid cash
  3. Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

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user

Seeing the comment section,I realise I am broke.

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This di*k measuring contest is really popular nowadays.

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I'm 31 1 apartment for 2Cr on loan … loan will be over in 5 years 1.5cr in MF 10-15L cash I started 4 SIPs...

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by ZestyQuokkaQuantiphi

Investment Advice

I have close to 15 lakhs sitting in my bank account. Where should I invest to get stable 15-20% returns pa with minimal risk.

Top comment
user

Laxmi chit fund

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by SillyBiscuitWipro

Invest ₹15 lakh

I need to park ₹15 lakh as an emergency fund, in something low risk. Fixed Deposits don't cut it due to penalties on early withdrawals. Any ideas for investment options that offer quick access and decent returns?

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Delhi NCR24mo
by JazzyBananaPayPal

Investment ideas

Hi all , I have some 10 lacs of savings which I don't want to keep idle in the bank for obvious reasons, I need suggestions on where I can invest for the next couple of years with Medium risk involved. TIA.