1 lakh rupees, where should I invest.

POSTED BY Sadhana Bane ON April 24, 2013 12:55 pm COMMENTS (9)

I have total 1 lakh rupees and want to save it. I was thinking of fixed deposit in ICICI then I read your forum and got to know about quantum liquid funds. Is it really beneficial to invest money in it rather then fixed deposit. If yes then whole amount I should invest or partly for six months. Please advice.

9 replies on this article “1 lakh rupees, where should I invest.”

  1. Prasanna Kottapalli says:

    You may look at Dynamic Bond funds… though not great for 6 months horizon but looking at the interest rates scenario, you might as well consider this with an exit load of 0.5-1% before 6 months-1year respectively

  2. Dear Sadhana, for 10% tax slab, keeping it simple by investing in bank FD is a good Idea. My take ‘ll be to opt for 2 Fds of 50K each. One for 6 months & another for 9-12 months, if you are not sure of full 1L Rs. requirement after 6 months. this way, you can continue 1 Fd of 50k for higher term & use the lower term Fd for your need or reinvest the same after 6m if no actual need is there.

    thanks

    Ashal

  3. Sumit says:

    As FFC said – there should not be much difference for a 6 months goal (in interest or in tax advantage). Check for which bank is giving higher rates and go with them

  4. For a six month period you can:

    1. Leave in a SB acc 4%
    2. FD (7-8%)
    2. invest in a liquid fund like Quantum liquid (6%) or
    3. ultra short term fund (6-7%) like Reliance Money manager
    The interest rates are per anum

    Since it is only for 6 month it will hardly make a big difference where you invest.Choose one where you are comfortable.
    Power of compounding does not apply

  5. Sadhana Bane says:

    I have total 1 lakh rupees and want to save it. I was thinking of fixed deposit in ICICI then I read your forum and got to know about quantum liquid funds. Is it really beneficial to invest money in it rather then fixed deposit. If yes then whole amount I should invest or partly for six months. Please advice.

    1. If you are in 10% tax bracket invest in FD. Bank will do a TDS and that is the end of your tax problems.

      For a six month period there is no tax advantage in choosing other instruments.

  6. Sadhana Bane says:

    Thanks sumit. Actually I want to invest it for a short period …. say six months.

  7. Sumit says:

    Depends upon you goal – do you need your money back in a short while or at least after 4-5 years?

  8. Your question is missing (assuming you typed one). In any case only you can answer this. Investments should be made according to your goals.

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