Where to park money for short period?

[kkk]

hope u've some share in NPS, PPF, etc for long run

And for long term(> 10 years), I feel Equity and Mutual fund will have better return than PPF. NPS also invest in Equity(if you choose the option correctly), but there are lot of T&C to withdraw that amount before and even after retirement. And I don't plan to work beyond 40-45 years.

 

[Parag]

Nifty Bess ETF

 

[Wealth is my birth right!]

And for long term(> 10 years), I feel Equity and Mutual fund will have better return than PPF. NPS also invest in Equity(if you choose the option correctly), but there are lot of T&C to withdraw that amount before and even after retirement. And I don't plan to work beyond 40-45 years.

of course its everyone's dream to get retired ASAP also we can term it financial independence.
money management if well known one can attempt to get best safe yield even with a small corpus as low as 25l, it all depends upon ones goal.

 

[caabhi]

For short term - you can opt for liquid funds. If you have home loan, you can explore the smart loan product from SBI, HSBC likewise, which allows you to park your funds and result in saving in interest on you loan. Plus since it is not repayment of loan, it kind of offers you liquidity option as well.
Better to keep emergency funds parked there.

 

[0b110]

Do any of these options allow payment via credit card? I thought barring nps no other investments are possible by credit cards.

 

[djai]

For short term - you can opt for liquid funds. If you have home loan, you can explore the smart loan product from SBI, HSBC likewise, which allows you to park your funds and result in saving in interest on you loan. Plus since it is not repayment of loan, it kind of offers you liquidity option as well.
Better to keep emergency funds parked there.

Hi, I have home loan with SBI, can you explain how to avail this option of smart loan.

 

[caabhi]

Hi, I have home loan with SBI, can you explain how to avail this option of smart loan.

In SBI- this product is called Maxgain account. You need to avail this loan to be able to use this feature.

"Under ‘SBI – Maxgain’ Home Loans will be sanctioned as an Overdraft. While customers will have to remit the Equated Monthly Instalments (EMIs) as in the case of usual Home Loans, the Drawing Power on the Overdraft will be reduced on monthly basis to the extent of the principal component of the EMI so that the Overdraft is liquidated at the end of the loan tenure. (Interest component of the EMI remitted will service the interest obligations)."

 

[ak90]

Use an UST Debt fund or a Liquid fund. These minimize risk for such a time period

 

[funatlearn]

Doesn't 12% club give more return than TradeCred/Jiraaf??

Does jiraaf support huf? I use tradecred with huf pan

 

[deepcards]

And for long term(> 10 years), I feel Equity and Mutual fund will have better return than PPF. NPS also invest in Equity(if you choose the option correctly), but there are lot of T&C to withdraw that amount before and even after retirement. And I don't plan to work beyond 40-45 years.

That's because of higher risk bro. Suppose at age of 60, you want to withdraw funds, and a 2008/2020 type situation emerges, with your portfolio halved.
That's why investing in different asset classes is recommended, according to your age.

 

[deepcards]

Does Ujjawan Bank has a concept of sweep in account?

 

[palen]

Liquid funds 90 days.

 

[mgforce]

Does jiraaf support huf? I use tradecred with huf pan

Yes. I was just searching around and found this.

JIRAAF | |

View frequently asked questions (FAQs) by our investors about investing on Jiraaf. Get answers on fixed income debt investment and best returns on investment

www.jiraaf.com

 

[sm9811911]

Yes. I was just searching around and found this.

JIRAAF | |

View frequently asked questions (FAQs) by our investors about investing on Jiraaf. Get answers on fixed income debt investment and best returns on investment

www.jiraaf.com

Keep investing in this and you will definitely see 1-2 defaults. Time for borrower default is almost here.

 

[msankadi]

Does anyone know what are the risks involved and upto how much of principal can be lost? Any experiences? Tomorrow for example 12% club tells me we have lost 100% of your principal due to the bad loans... What are the proofs they provide?

 

[Krishna Kumar]

Does anyone know what are the risks involved and upto how much of principal can be lost? Any experiences? Tomorrow for example 12% club tells me we have lost 100% of your principal due to the bad loans... What are the proofs they provide?

I would suggest not to risk your hard earned money with these guys.

 

[funatlearn]

I have never lost any money in tradecred. But these days they have very less opportunities.
I am using it for last 4-5 years.
This is my experience but I am aware of risk involved. I put small part of my portfolio (2-10%). Currently 0% due to not getting deals.
If you are intending to use tradecred and creating new account please use my referral.

https://buy.tradecred.com/onboarding/apply-now/TC007677

 

[Trust Me]

yes mostly all parkings we should have more than 1l always (Indusind even for 1l i think we will get normal interest and if we keep 1l and 1 rupee the revised interest)

Haha ..... You'd get the additional 1.5% on that 1 rupee only (and would earn the normal 3.5% only, on the rest 1L). i.e. an additional gain of 1.5 paisa after one year, .... of which the government would claim its share of 0.5 paisa, and you'd get to keep the princely additional gain of ONE paisa after one year! 🙂
.