Results 1 to 4 of 4

Thread: Please advice me where should I invest (to get 8 lacs in 3-5 years)?

  1. #1
    NewBie
    Join Date
    Jan 2012
    Location
    Mumbai
    Posts
    16

    Default Please advice me where should I invest (to get 8 lacs in 3-5 years)?

    I am Luv and my Salary is Rs 40,000 per month. I am looking to my my own flat at 40 to 50 lac (for a 2 BHK flat), for this I need 8 Lac in next 2 to 3 years or max in 5 yrs for my home loan down payment.

    Could you please advice me regarding this as where should I invest?

    Thanks,
    Luv



  2. #2
    PW Regular
    Join Date
    Aug 2009
    Location
    India
    Posts
    31

    Default

    For short term invest in Bank FDs at the moment you can get around 9.5% return on bank FD. Avoid stock market and MFs for short term.

  3. #3
    NewBie
    Join Date
    Jan 2012
    Location
    Mumbai
    Posts
    16

    Default

    What about bonds and NCDs from pvt companies?

  4. #4
    PW Stalwart >take's Avatar
    Join Date
    Jun 2009
    Location
    India
    Posts
    291

    Default

    Quote Originally Posted by Luv_2012 View Post
    What about bonds and NCDs from pvt companies?
    As suggested by Aman go for Bank FDs, because you only want to invest for short term. In NCDs or Bonds of Pvt. Companies risk factor is more so not recommendable.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •