Get the app
Personal Finance
Personal Finance
on
FloatingMarshmallow
FloatingMarshmallow
Student

Need suggestions for lump sum investment

I have around 8 lakhs in my bank account, and I was thinking of buying a car worth around 15 lakhs after 6-7 months. I have a few SIPs that I've been investing in for a long time, and I was thinking of investing this money for the next 6–7 months in these SIPs. So should I buy some kind of dip instead of keeping the money in the bank? Even after short term capital tax, I could get more returns than if I kept it in the bank. Am I thinking this right, or am I missing something? Any other suggestions?

8mo ago
PerkyNoodle
PerkyNoodle
InMobi8mo

Why don't you try getting a financial plan? You can talk to a financial advisor for free on 1 Finance, 1finance.co.in

FluffyPotato
FluffyPotato
Student8mo

If you are looking for the consultancy for investments then I work in a company where our founder who has 20+ years experience in banking sector provides consultancy as per your needs.....for more help we can have a chat....do let me know please if you are interested in it..
Thank you

WigglyTaco
WigglyTaco
LTIMindtree8mo

Buy SGBs from secondary market which end in 6-8 months. On maturity, you get the gains on the gold price applicable on maturity plus tax free and ultra safe as it is RBI.

Discover more
Curated from across
Personal Finance
Personal Finance13mo
by JazzyMarshmallowProduct Manager

Lump sum investment

I want to invest my lump sum bonus of around 6 lakhs but market is at all time high. Where exactly to invest for maximum return? able to take risks.

Delhi NCR
Delhi NCR22mo
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.

Personal Finance
Personal Finance14mo
by WobblyMarshmallowSoftware Developer

Doubling down on Equities?

Hi guys, I have around 4L cash lying around which I wanted to invest. Currently, I think I am in a position to take maximum risks, and see where things go. I also haven’t redeemed the 1.5L tax deduction on Section 80c so PPF and ELSS ar...