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.
What are the returns in arbitrage funds?
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.
You can put it in invoice investment avenues like Falcon. Much better rate of interest compared to FDs.
What’s Falcon? How risky is it? What’re the rates of return?
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
how about ultra short term MFs?
Any recommendations?
go with either icici prudential ultra short term direct growth or nippon india ultra stort term direct growth
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.
Hi folks! I'm planning to get married in over a year from now. I don't want to touch my portfolio for this and hence starting a wedding fund where I'd pause my investment for a year and route the money into this fund. Suggest an instrume...
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Want to check, how should i invest 10 lakh for 6 months. I need it after 6 months for my home instalment. Appreciate if you can also share related details (like if Fixed deposit, then which specific bank/product)
Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself.