SwirlyPretzel
SwirlyPretzel

Where to invest cash right now?

I’ve around 30L of cash. What’s the best place to invest? I’m worried about the volatility of the market.

24mo ago
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FuzzySushi
FuzzySushi
TCS24mo

6.75% fd rate for 1 year..just park in FD

SwirlyDonut
SwirlyDonut
Amazon24mo

Which one is this?

FuzzySushi
FuzzySushi
TCS24mo

HDFC,almost every bank...small finance banks give 9 %.... I'm talking per year

TwirlyRaccoon
TwirlyRaccoon

Check out alternate investing platforms, can help you understand the same. Some platforms I know of:

  1. Leafround.com
  2. Jiraaf.com
  3. Tradecred.com
  4. Klubworks.com
SwirlyPretzel
SwirlyPretzel

Ye mat kiya kar bhai. They are not as regulated as stock market under SEBI.

WigglyBanana
WigglyBanana

Jiraaf kabhi mat karna please

SquishyBagel
SquishyBagel
Student24mo

Don't invest. YouTubers are just fooling you. Keep it in FD. (inflation is all bullshit) (I can guarantee you, you will lose more by investing than the effect of inflation).

SwirlyPretzel
SwirlyPretzel

Pretty bad advice but Tera kya tu toh abhi abhi career start kar re you will get to know the benefits of investing. Also putting it in fd is also investing albeit for low but risk free returns.

FloatingNugget
FloatingNugget

This student has tooo much knowledge. Pls take credibility into account instead of plain stupid opinions

FloatingNugget
FloatingNugget

First off. Asking life changing financial advice from bunch of nobodies hiding behind a pseudonym is a bad idea. No shit you don’t do this on Reddit. Second simply start buying SIP (weekly) into index funds. No lump sum. Nothing beats dollar cost averaging and nothing beats the index

SquishyNarwhal
SquishyNarwhal
Zepto24mo

Keep it liquid. Liquid funds with low exit load. Idk the US market crash might ripple to India. Not financial advice.

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