Best options for investment needed

[azura]

Hi,
Me and my sister will get around 30-35 Lakhs as nominees for settlement of my deceased father's account.
Could you all please suggest the best way to utilise/invest the amount?
I haven't handled such huge sum of money and would like to know what would be the best options for me and sister.
Any guidance/help would be appreciated.

 

[IDontThinkSo]

Hi,
Me and my sister will get around 30-35 Lakhs as nominees for settlement of my deceased father's account.
Could you all please suggest the best way to utilise/invest the amount?
I haven't handled such huge sum of money and would like to know what would be the best options for me and sister.
Any guidance/help would be appreciated.

Do an FD for the time being of 6 months or a year and learn about investing in the meantime.
This way you will still get some interest and get to know what to do with it.

Some like to invest in real estate, some in FD, some in Mutual fund and others dive in to stocks and other things.
There are many resources to learn and everyone's style of investing is different based on their appetite, understanding and place.
Know your style.

 

[hender]

Hi,
Me and my sister will get around 30-35 Lakhs as nominees for settlement of my deceased father's account.
Could you all please suggest the best way to utilise/invest the amount?
I haven't handled such huge sum of money and would like to know what would be the best options for me and sister.
Any guidance/help would be appreciated.

This is the first step you took, awareness and options. I appreciate that.

Do an FD for the time being of 6 months or a year and learn about investing in the meantime.
This way you will still get some interest and get to know what to do with it.

Some like to invest in real estate, some in FD, some in Mutual fund and others dive in to stocks and other things.
There are many resources to learn and everyone's style of investing is different based on their appetite, understanding and place.
Know your style.

+1, Till the time you better understand Financial World and what suits you most.

 

[Tejo]

I hope you should not blindly invest only on equity

Consider for liquid, gold, silver, bond funds too

Small amount on fd too, for emergencies

 

[azura]

I hope you should not blindly invest only on equity

Consider for liquid, gold, silver, bond funds too

Small amount on fd too, for emergencies

Which platforms do you recommend for starting investments?MF's? Paytm Money and Black by cleartax are the ones that I know of.

 

[Tejo]

Which platforms do you recommend for starting investments?MF's? Paytm Money and Black by cleartax are the ones that I know of.

If you wish to invest in stocks directly buy the stocks via paytm money

For liquid, commodities, index/category funds prefer etfs

If you wish to invest in mutual funds better to avoid paytm as mutual fund units will stored in demat form

Just take care of expense ratio of fund house, try to avoid mutual fund

Also try to focus on option selling as nowdays, returns are not like in the past

Rather than on ipo's focus on buyback, bonus, dividend things

 

[azura]

This is the first step you took, awareness and options. I appreciate that.

+1, Till the time you better understand Financial World and what suits you most.

Till I figure out my options for investment, where should I keep the money? Should I do FDs in sbi only?
Should I open account in other banks?
Which banks would be the best for FD's or for keeping such huge amount of money?

 

[theflash]

Till I figure out my options for investment, where should I keep the money? Should I do FDs in sbi only?
Should I open account in other banks?
Which banks would be the best for FD's or for keeping such huge amount of money?

You can find some hni banking where they provide hni acct basis of fds. That could benefit with premium account and FD being invested. Just a suggestion!

 

[theflash]

Till I figure out my options for investment, where should I keep the money? Should I do FDs in sbi only?
Should I open account in other banks?
Which banks would be the best for FD's or for keeping such huge amount of money?

Also if you want to contact a CFA/CFP I can provide you contact details (not sure if this is allowed here if not kindly delete.)

 

[sousnake]

Till I figure out my options for investment, where should I keep the money? Should I do FDs in sbi only?
Should I open account in other banks?
Which banks would be the best for FD's or for keeping such huge amount of money?

Try to split up in couple of banks.
HDFC - 5L - 7.35%
ICICI - 5L - 7.25% or SBI - 5L - 7%
IDFC - 4L - 7.9

 

[azura]

Try to split up in couple of banks.
HDFC - 5L - 7.35%
ICICI - 5L - 7.25% or SBI - 5L - 7%
IDFC - 4L - 7.9

Is it possible to get Infinia or Magnus or other premium credit cards with Large FD considering I have savings account with them?

 

[fradela]

Hi,
Me and my sister will get around 30-35 Lakhs as nominees for settlement of my deceased father's account.
Could you all please suggest the best way to utilise/invest the amount?
I haven't handled such huge sum of money and would like to know what would be the best options for me and sister.
Any guidance/help would be appreciated.

Invest all your amount in these three Debt Mutual Funds [Overnight, Liquid, Money Market].

Use STP option invest in Equity Mutual Funds.[Nifty 50, Nifty Next 50] in next one year.

Using STP, transfer 3,00,000 to Equity Mutual Funds for long term.

Refer my articles:

Thread 'Building a Solid Equity Mutual Fund Portfolio'

Oct 20, 2024

Building a Solid Equity Mutual Fund Portfolio​

When it comes to investing, I firmly believe in the power of mutual funds.
They offer a practical way to grow wealth with minimal hassle, especially for those who prefer a structured, hands-off approach.

Every month, on the day my salary gets credited, I invest consistently. Here’s my approach:

• Stick to Index Funds (Passive): I only invest in passive funds, as they are low-cost and transparent.
• Direct and Growth Funds Only: This ensures that I avoid commission fees and focus on long-term capital appreciation...

• fradela
• best stocks etf portfolio invest right app account investing investment kuvera mutual funds stock market
• Replies: 37
• Forum: Mutual Fund

• 
• 
• 

Thread 'Liquid Funds better than FD and Savings Account'

Oct 24, 2024

Invest Liquid Mutual Fund in order to get more return and safety compare to Banks Savings account and FD.

• fradela
• account bank acccounts fixed deposit investing mutual funds savings savings account
• Replies: 0
• Forum: Mutual Fund

 

[Kushagra_]

Hi,
Me and my sister will get around 30-35 Lakhs as nominees for settlement of my deceased father's account.
Could you all please suggest the best way to utilise/invest the amount?
I haven't handled such huge sum of money and would like to know what would be the best options for me and sister.
Any guidance/help would be appreciated.

Sorry about the loss 😞😞

I agree with the FD part, invest in FD and meanwhile learn about investing and what strategy might be best for you
Invest in yourself and your sister
Wishing a great life ahead

 

[azura]

Is it possible to get Infinia or Magnus or other premium credit cards with Large FD considering I have savings account with them?

Can someone tell me what amount of FD is required to get premium cards from Axis, HDFC, ICICI?