by WobblyWaffleStudent
Mutual Fund Advice
Hey folks,
I am looking to invest in Mutual Funds for a period of 1 year with 1 time amount.
Please suggest me some funds in which I should invest .
CosmicSushi
Where to keep my savings
I keep my savings in a bank account with a very average annual return. Shall I start to keep my savings in a low duration Debt Fund? Not all the amount but like 50% of the savings in Debt fund and rest keep in savings account.
15mo ago
Find out if you are being paid fairly.Download Grapevine
SwirlyTaco
Stealth15mo
How much money are we talking about?
Easiest is to ask your bank to enable Sweep-In for your Savings account. The delta above a specified cash (eg 10K) gets automatically converted to a FD.
When you need the money, the FD 'breaks' and you have instant access.
Marginally higher interest rates.
CosmicSushi
S&P Global15mo
Sounds good enough for me. Is this option available in SBI ?
SwirlyTaco
Stealth15mo
Yes. Called auto sweep. Thresholds are slightly higher than private banks - 25K iirc.
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Personal Finance11mo
by FuzzySushiStealth
Investment ideas for short term (<1yr)
I am planning to save some % of my salary every month and go on a trip at the end of the year.
My plan is to save around 3k-5k every month apart from my usual monthly investments.
I haven't planned anything yet so I am open to your su...
by ZestyDonutOracle
Looking for some Financial advice
To a relatively new adult, what financial advice(s) would you give on how to and where to invest my money?
Top comment
When you start investing often matters more than the amount due to compounding. Would suggest investing in index fund...