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POSTED BY ON September 3, 2012 1:25 pm COMMENTS (7)
Hi All,
I want to do a lump-sum investment in a debt fund, lets say 3 lacs. Time horizon is 5-7 years. I am doing it through net banking and my limit of making transfer is 50K per day. Now i have 2 options to make this 3 lac payments:
1. 50K each for 6 consecutive days
2. 50K each for 6 months
seems option 1 is better but i need your expert advise.
Thanks,
Arshad
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Thanks Ashal, Ramesh & Anand for your feedback. Your feedback has resolved my query and I will do the lum-sum payment in continous 6 days.
@ Anand – I am an NRI so cant visit the office. Doing the investment through fundsindia/online netbanking.
Best Regards,
Arshad
You can also pay all at one go by cheque. You just need to visit the MF office once.
In debt funds, do it as fast as possible, because you will get a far better interest rate in the debt fund than while keeping money in the bank. So option 1 is way better.
Dear Arshad, why do you want to park money in a debt fund for such long period? May I know?
Thanks
Ashal
Hi Ashal,
Well, All other aspect of financial planning is already taken care of. There are some equity MF SIP going on, debt is one portion of my portfolio where i will make lump-sum investment and let it grow for my goal time horizon.
Just need your valuable feedback assuming all other things are perfectly in place.
Thanks,
Dear Arshad, if I assume what you are telling is truth for your financial planning, please invest your money in next 5-6-7 days. So that your money starts earning.
Thanks
Ashal
Thanks Ashal for your feedback. So decided to do it as soon a spossible in 6 days to get maximum out of it. And your assumption is right, i am not lying 🙂 Cheers !!!