Need advice on where to invest 8.75lakh for guaranteed high returns

[redcarpet]

One more suggestion - Please see whether you can deal in real estate on a under construction property and during completion and registration whether you can sell it to some one else making a profits (Pay only down payment now and remaining on completion). Many builders facilitate it in hot markets like Bangalore or Hyderabad. But this carries very high risk and consider only if you are thinking taking those type of risks.

Dont even consider this.

 

[anishdacool]

So what did you finally do?

 

[coolguy1]

Add 1.25 lacs, maintain that 10L TRV for 3 months and then get the Magnus Burgundy card.

Then you'll have bigger problems and cashbacks to fight for so much that you will even forget about the money you had saved!

 

[DaDarkkNight]

So what did you finally do?

i cancelled it long time ago with 0 foreclosure charges, basically cancelled it

 

[abhiver]

You can put it in Mutual Fund and do tax harvesting of 1 lakh income. Also mutual fund can give you around 12 to 15 % CAGR for sure.

 

[raghu.rokda]

dm me for refferal if you decide to invest in it
i have invested 25 lakhs so far so good

I have invested 80L in Mobikwik Xtra
No problem yet

 

[DaDarkkNight]

Itna rokda kaha se aata?

I have invested 80L in Mobikwik Xtra
No problem yet

 

[raghu.rokda]

Itna rokda kaha se aata?

Mobikwik Xtra se hi

 

[dungeonMaster]

FD interest is added to income and taxed at slab rates. If you are in 30% bracket, you will get less returns than your loan

She can make fd in mothers name, problem solved

 

[dungeonMaster]

One more suggestion - Please see whether you can deal in real estate on a under construction property and during completion and registration whether you can sell it to some one else making a profits (Pay only down payment now and remaining on completion). Many builders facilitate it in hot markets like Bangalore or Hyderabad. But this carries very high risk and consider only if you are thinking taking those type of risks.

The individual has loan which is pure white money, it will make zero sense to invest in real estate with white money unless you're getting some tax benefits for same.

 

[dungeonMaster]

i cancelled it long time ago with 0 foreclosure charges, basically cancelled it

But it was such a good deal.

 

[dungeonMaster]

You could have searched for market opportunities, undervalued assets and invest in them. It's hard to get 15% return for mutual fund managers because of their huge investment. But for an individual it's comparatively easy to find undervalued stocks etc and make good returns.

 

[CC-Muncher]

Wintwealth bonds mein daal do

 

[cardio_guy]

If you have any other high-rate interest loan, repay it.
Otherwise close this loan. 7% is not believable. Maybe it is monthly interest? Check again and confirm.

 

[Lobogris]

You can put it in Mutual Fund and do tax harvesting of 1 lakh income. Also mutual fund can give you around 12 to 15 % CAGR for sure.

No one can guarantee any return on a mutual fund. You can even lose money in it.

 

[sm9811911]

If you have any other high-rate interest loan, repay it.
Otherwise close this loan. 7% is not believable. Maybe it is monthly interest? Check again and confirm.

But it was such a good deal.

You're like the OP. Dont read the tnc and get the loan only to later realise the mistake. Read the first few pages and be financially aware.

 

[infinia_finally]

Wintwealth bonds mein daal do

Are senior secured bonds therein safe?

Do you do your own due diligence on the company?

 

[dungeonMaster]

You're like the OP. Dont read the tnc and get the loan only to later realise the mistake. Read the first few pages and be financially aware.

I am assuming OP read the t&cs and the deal was actually true 😂

 

[CC-Muncher]

Are senior secured bonds therein safe?

Do you do your own due diligence on the company?

My friend does and has always got returns. Defult risk is there but never witnessed with any listed bonds so far.

 

[DaDarkkNight]

You can put it in Mutual Fund and do tax harvesting of 1 lakh income. Also mutual fund can give you around 12 to 15 % CAGR for sure.

I am assuming OP read the t&cs and the deal was actually true 😂

Yes ofc op read the t&c and it was effectively 7% flat interest rate per annum.
The deal is still available in my account