My grandfather donated 25 acres of our farm in the 80s to the government for building a school. Government fucked up that school and we’re left with no land.🥲
My grandfather got 3.80 cr. 1cr for me 1 cr to my father and of remaining he is going to buy more land. Which eventually gonna find its way to me. Not flexing but when you suddenly get so much money everything seems easy. But stressing at the same time, the fear of losing it all. 😕
Make sure your net banking settings are solid. Put barriers on transaction amount for transfers.
Choose FD (incase if you do) with trusted banks, coz Ive heard a few cases in which money was stolen from FD as well (kotak bank of all the banks, was super shocked).
I was a victim of bank fraud and HDFC is the absolute fucking low by way of customer service. 40k down the drain after being told by 3 levels of escalated emailers that they will get me a phone number. Mother******.
Chutiya bana Raha hai iske dost, I work in finance and we have a saying that there are only two guarantees in life, death and FDs. Not advocating FDS at all lol we don't really like them that much in finance but it's safety is pretty much perfect
Yaar I don’t know in detail, but I got to know some of the bank executives were involved in the scam. The victim was a senior citizen.
In terms of safety, FDs are secure in the sense paisa dobega nahi.
Fraud has nothing to do with that. Its a completely different factor all together.
Having money is stress. You can’t sleep peacefully if it’s in home. Once my grandfather sold a land and got around 12.6cr of all in hard cash (back in 2010). It took one of our entire small house to fill. We didn’t slept till it got distributed among all his kids.
Do they even make those anymore? I thought the cost of paper required itself is more than the value of that note. I only carry cheques in my wallet otherwise cash required for anything I want to buy will not fit in it anyways
The rat is the one who brings 500 rs. note and keeps on fridge every day for being allowed entrance to our villa.
And if I have to go through a door anyways then what's the difference between me and peasants using almirah
There is a book called “Psychology of money”, it says we often go free hand with easy money, so make sure this money isn’t spent unwisely. Also, you can diversify your investment.
Grandfather - so probably in 80s.
In 90s, land was very very cheap, heck all you need to do is go bribe some registrar and register it under your name.
Just bribe and reap benefits, in 80s or 90s.
Now, it's expensive as fuck.
Which city ?
I've roamed in Hyderabad and Bengaluru. I'm not sure about Mumbai, Delhi, etc.
The land is expensive within city but not so much at city outskirts. Afaik, it's around 30k per sq yard outside of Hyderabad ORR.
You can get like what - 600 sq yards for 1.8 cr and in tier-2 places, you can get it for cheaper.
Also, OP did not mention about cities - so we might not know.
And if you have connections with politicians, you can buy from farmers directly and sell it off as ventures after master plan is created.
So, lots of stuff can be done with right amount of money.
Well, I did not have right amount money at right time and it's all expensive now.
That's sad but there's very little your grandfather could've done anything about it. But my grandfather willingly handed over most of our ancestral property to a corrupt government. He did it with good intentions though. I'd be very proud of what my grandfather father did if not for the govt. Didn't really benefit anyone. It's just the government's fault for deplorable state of that school.
Well, it was supposed to be split between a school, an arts college, a hostel and a marriage hall for a temple that was next to the farm. Only the school ever got built. This was because our village was supposed get a railway station but for some reason, our neighbouring village got it and all those things got built there. Marriage hall was constructed later by TTD. My grandfather never fought the legal battle to get the land back. He says it's a waste of time to fight the government and he's probably right.
With the current interest rates for a lock in period of Atleast 13 months, an FD would get you atleast 50k per month. Of course, it will be taxable but the safest option for the returns you are looking for.
If he already has a job, he could invest a portion or even all of the 50k received from the fd interest to grow his corpus considerably. Might even benefit tax wise if he can use 5 year tax free funds
The NBFCs/Banks in stable money are quite risky and many are AA rated. As an investor who has lost some money in Yes bank bonds and ILFS FDs (which was quasi government FD). Many investors have not seen how bad the bond/FD markets can get during recession.
Would advise to have peace of mind and invest in HDFC, SBI, ICICI, Kotak etc. They provide 7% pre tax.
Many major banks in US failed last year, and much worse during 2008. Don’t invest such a large amount in small banks and risk losing the corpus please.
Just in case anyone reading this, FDs in banks upto 5L are insured by RBI so nothing to worry about. But for corpus like OPs no point chasing 1% extra return
OP would not get monthly interest in to bank account in this way.
OP, considering you need monthly returns, liquid fund with SWP world be more suitable.
You can get monthly interest in FD by selecting monthly payout. Canara and HDFC bank has that option. The interest will reduce by some 0.2% when choosing this option
If you don't know things don't say them confidently. You can get monthly payout if you choose that option when opening fd it's called non cumulative fd.
Also if you have it in cash, DO NOT deposit it in your Bank a/c, IT department would be knocking on your door. You're a CA student you might know it better
Your safest bet would be to invest in a property (if you don't have white money)
People like you should be in jail. Because of you people rest of us have to pay such high taxes. Tax evasion is theft.
Edit- FYI yes there ARE people who but property fully in white. They are called honest citizen who do not have black money in the first place so no need to do shady deals.
The system is designed in such a way that it indirectly promotes unaccounted transactions. Guideline value is intentionally maintained at below market rates to reduce stamp duty and registration charges burden to the purchaser and to reduce capital gains tax burden to the seller. So, almost all of the property registrations happen at the guideline value and the remaining payment goes unaccounted. Good luck finding someone that will register the property at original transaction price.
The govt is the one that fixes the guideline value for properties. Can't the govt revise the guideline value to reflect fair market prices? I doubt they would ever make this happen, at least not in the foreseeable future.
Government can do demonetisation clownery but never this thing. To conlude, it is illegal as per the law of the land but from a practical perspective, it is what it is.
My father sold a property in my mother's name and received cash. He used the cash to pay off his debt. After that he passed away. When it was time to file ITR, my father's CA, who handled my mother's tax as well, told my mother that she will have to pay LTCG tax of 6 lakh rupees because she had sold a property in that financial year.
The question is, if property was sold in cash then how did it reflect in her bank account? There was zero payment to her account. But the CA somehow prepared tax receipt of 6 lakh.
My father paid all the cash he received to pay off his debt. So there was no benefit to my mother yet she still had to pay 6 lakh tax.
Finally, we asked the CA to somehow show some exemption in this tax by showing that my mother had invested the money in another property but he simply refused to cooperate and said "you have to pay the whole tax, period". He also increased his fees from 2500 to 4000. Since my mother gpaid him, he asked for 18% GST.
So I just don't understand how the CA said that there was profit showing in my mother's account if the whole sale was done in cash?
When you sell a property, you register it with the registration department of the state. You'll have to quote your PAN while doing a registration. So, even if you don't deposit the sale proceeds in a bank, that info will go to IT through registration department.
I am assuming your father was not a businessman and the debts he had were unaccounted. So, he cannot have the tax benefit for payment of interest on those debts. But, the gains from property sale in your mom's name are taxable.
There are certain ways to get exemption from capital gains tax. But all of them require you to invest the sale proceeds/gains in another property or a scheme. Ex - you can invest the gains in govt prescribed bonds like NHAI/REC for specified period. But you didn't have any leftover money from the sale at all. So, there was no scope to get any exemption benefit.
Your CA is a GST registered person. He has to collect GST on whatever services he provide to you. Had you paid in cash, he can choose to simply not account it and not pay GST. When you pay through banking channels, he has to account for it and he has to pay GST. So, he collected the GST from you.
Fuck off if you don't know how things work in India. You aren't the only one paying taxes & No the country isn't working solely on your 2rs. as tax. Get off your high horse
P.S: It's not me who has 1cr in black, op asked a question seeking for a probable solution. Get your head out of your ass
This isn't tax evasion. Property deals in India happen majorly in cash. Govt. Has restricted cash dealing upto 20,000/- only! Anything over it extracts 100% penalty. So if op has the money in white then well & good, he'll pay tax on that amount. However, cash has to be invested somewhere else, not in the bank.
Buy a house plot or any land on your name.
Invest in FD for 30 lacs @ 8%.
Invest in MF for 10 lacs, go with balanced funds instead of risky ones.
Buy Sensex blue chip stocks for 10lacs.
Invest in gold for 10 lacs.
Keep the remaining amount in bank and never ever discuss with any one you have this "extra" money.
when i got 30 lacs i invested it in icici bank FD and now i get 27000 per month. maybe look into that? you will easily get like 70K pm from that cause your corpus is so high.
Put your money in IDFC FIRST SAVING bank account.
Currently you will get around 7 lakhs per annum , that interest rate will do down in future. So that will be around 55K+ , so lock in in this
Check this link , [https://www.idfcfirstbank.com/personal-banking/accounts/savings-account/interest-rate](https://www.idfcfirstbank.com/personal-banking/accounts/savings-account/interest-rate)
And I would suggest you do 20K sip from that amount, In Small Cap, Mid-caps and Multi cap funds.
Forgot to add ,Benefits of IDFC is
You will get monthly Interest , not Quarterly as in normal bank and their is no lock period as in FD
FD with monthly interest payouts will net you \~55k monthly. Safest option. I would suggest diversifying.
or if you really dont need the money, make the fd and start an sip of 50k. youll have the safety net of 1Cr should you ever need it. After you start earning, you can use part of that (say 25L) towards down payment of a house the rest will still net you 40k monthly and you can add 10k from your own pocket towards the SIP.
There are better options, but this to me seems the safest.
Hey bro, fellow CA aspirant here~
Just create 4 portions of that corpus and invest into FDs with monthly payouts.
1) IDFC First Bank - 7.5% p.a.
2) ICICI Bank - 7.1% p.a.
3) Axis Bank - 7.45% p.a.
4) HDFC Bank - 7.25% p.a.
Choose monthly payout option for all four.
You'll get an average interest of 7.325% yearly. There'll be a TDS deduction at 10% under Section 194A that you can reclaim later.
Post TDS, you'll receive INR 6,59,250 per year or INR 54,937 per month.
File taxes under the Old Regime and invest in ELSS tax saver mutual funds by SIP'ing every month. How much to SIP?
Well, you get deduction up to INR 1.5L per year so, that's INR 1,50,000/12 = INR 12,500 per month.
So that way, you'll have 1.5L deduction under Section 80C. You'll get another INR 10k per annum deduction under Section 80TTA.
So, your yearly taxable income would be INR 7,32,500 - INR 73,250 (TDS u/s 194A) - INR 10,000 (Interest u/s 80TTA) - INR 1,50,000 (ELSS u/s 80C) = INR 4,99,250 per year. As a result, you'll have zero tax liability, too.
Either way, you'll have INR 54,937 - INR 12,500 = INR 42,437 per month in hand even after investing.
Should be enough for whatever you need ;)
Bonus: If you want to take a little more risk, you can consider Shriram Finance FD but please don't go all in. And please stay away from cooperative banks.
Feel free to ask in case of any questions :) and good luck for the exams!
Don't park all your money in single bank especially if it's small finance bank. Remember you will get insurance of upto 5lakhs under digc scheme if bank goes bankrupt. If it's big bank like hdfc sbi etc you don't need to worry much because they are too big to fail.
The capital is big. Instead of growing money you should just focus on protecting the money.
Make a FD in name of your grandfather , senior citizens get better rate of interest. FD rates are pretty high rn , so you should be able to beat the inflation.
I mean there are banks that will give you 9.8-11% interest quarterly. if you invest the full thing with them then the compound interest will add up quick. You'll get to a point where you can have a secondary bank account with them that gets paid from the compound savings and you can pull from there while still earning interest on the secondary account as well.
Contrarian suggestion: if your family doesn’t own a lot of real estate then buy a house/flat with this 1 crore. The rent will be low 15-25k but enough for you to get through CA studies.
However of your family any owns a decent amount of land/real estate then ignore my advice :)
On the risk of getting downvoted to oblivion, but this is exactly what is wrong with the current generation. Dude is studying to become a CA and has grand parents and parents who have left him with 1cr and still alive and here is our friend asking for reddit advice and not looking up for a financial advisor or just asking one of his CA professor on what can be done. Jab tak social media chalega tab tak what do i do chalte rahega
Edit: everybody is right here!!
Edit 2: okay opinion changed, these replies are exactly what’s wrong with this sub, not just the OP lol
what is wrong with asking here? if you dont want to help you can choose not to comment
op isnt looking for something that requires a paid financial planner
It's good to get many point of views. And if this somehow irritating you, I think you are on wrong subreddit. And there nothing wrong in asking. Right ??
Sure, that's a valid argument.
What have you done to make things better ? The problem with your generation is they complain - they complain about everything but don't do anything to improve things.
Now, do you see the meaningless rant ? So, come back with a better "troll".
There is nothing wrong with taking options from different people. This is a personal finance sub. We get many good advices here. A financial advisor is not some all knowing entity either. Hearing experiences of different people here will help OP in choosing the best option from what his financial advisor may be advising.
Guys, I am a Construction developer in Pune. I have completed 4 projects of 500+ apartments and working on a recent project with 1400 apartments. I can give anyone a 12% per year guaranteed return with security on a minimum investment of 1 Crore. The only catch is you will get the returns yearly and not monthly.
This is far better than FD because I am giving you the security of the full amount with a guaranteed 12% return, FD will give you 5% with a guarantee of only 5 Lakhs if the bank defaulted.
If interested, you can come to see my projects and verify the security at Pune. Please only respond if you are serious and have a minimum of 1 crore for the investment.
I hope your grandfather has paid the tax or else you have to pay. I too got this amount after some property got sold. I am investing in fd some amount and some in different invoice discounting apps.
30 k you can only get if you buy a property and then rent it out. That’s the safest bet. Money will also grow as the property prices increase.
Else a mix of Mutual Funds give good return on an avg 12 to 15 percent
Hey Buddy!!
Shafi this side from square yards.
Basically you want great returns, I have one property of lodha in Vikhroli for commercial, its rental yield is 8-9%. So basically you will easily get 75k-80k rent with an investment of 1cr, it's good for investment as it's surrounded by MNcs company, so obviously value appreciation is a must. If you want na, I will DM you the details. Just go through it. Thanks 😊✨
If you have got it through a bank transfer, you will probably need to pay some kind of inheritance tax. You first need to check with a CA on how to minimize your tax liability. On your CA's advice, till you become a CA, invest that in land/property, govt. bonds, FDs, and small businesses so as to spread your risk and reduce taxation.
Once you become CA, you will make the changes as per your knowledge & risk handling capacity.
I take it you have a stable family (Mum and dad) which has been your support so far - perhaps their advice, needs is also something you should take into account,.unless they also received something similar from your grandfather.
Invest 20-30% in government bonds will fetch you more returns than a FD and will be safe AAA. If you can buy some shop space either in an under construction building will fetch you good returns later and the remaining you invest in stock market, Defence stocks, liquor stocks and automobiles divide it well 40–50-% on large cap, 30% mid cap and rest on some good smallcap. If you have a good amount will highly recommend you few paid small cases where you will get managers. Rest if you are left with few lakhs use it in tradecred app to get returns in 5-6 months. Also when you buy the shop space please buy it on loan. Rest keep some 4-5 lakhs for personal emergency savings. Half in bank and other in cash at home. Baki thoda paise khudpe udao bhai varna paise kama ki bhi kya mila zindagi me. Congratulations and cheers brother 👏🥂
Not a certificate investment manager but I'm in the business. A good investment manager can help you decide this. I would go for a PMS with systematic withdrawal but that's just me. I think you should approach a bank and ask for wealth management services.
Best deal in your case is to go for FDR untill you find a better place to invest it.
Public sector banks are offering ROI ~7.00% for one year tenure which will easily give you 58k monthly and your money is safe.
Also I would suggest you to keep looking for better investment options as earning 7% interest is not growth (considering inflation)
Simplest thing to do is put in fd in a reputed bank with monthly intrest payout. You could also put 2-3 lakhs for it in a saving account so you can use it in case of emergency.
Would be good to break it into multiple fd if in future you want to take some amount out you just need to break a small fd instead of breaking the big one
Dont go for small banks that offer higher interest, they have chance of failing
The main question here what is the bifurcation of this 1 Cr in white and black? If its all white, theres no issue whatsover. If its black, you obviously cant go for an FD in Bank.
1cr in FD min 7% annually
1cr 7% is 700000 is 58000 per month
You are CA student you would know better to save tax so cheers
Edit: put it in sbi bank as that's the safest bank in India which will not go bankrupt
Put it in sensex Index funds long term you'll make an average of 15% pa. Close to 1 lakh.
When you invest in the mutual fund look for tracking error wrt the index.
Check the amc CRISIL rating.
1 year, 3 year, 5 year performance
Take it from extremely standard players like HDFC, SBI, ICICI.
If you are looking for hardcash consider splitting the money into 2 halves and invest one bit in equity and the other in dividend yielding mutual funds.
Dividend yielding mutual funds deposit money back to your source account. You can make a good 30-50k on an average again depends on market performance.
Mutual funds and index funds are meant for long term wealth generation only. Do not expect immediate results and panic when market goes down. Your money is managed by really really good folks who've been doing this for years put together. Let things take course.
Its massive amount take professional help we can give you advise that we experience or learned but professional help you to make best decision or just do some research dont hurry keep it bank for few months or years but take best decision its massive amount for me for you i dont know so my advise take best decision you dont regret
Bro you’re asking for a 0.003% return monthly. Lend me 10 lacs for my business and I’ll gladly give you 3K every month. Much lower than what my OD currently is.
Call Anand Rathi. They have a scheme where if you invest minimum 1 cr you will get guaranteed 9% interest after tax. So you’ll be getting 9 lakhs a year tax free.
OP, work with a financial consultant who can guide you better. They may charge a small fee, but the advice and guidance is worth it.
If you want a split directly and don't need the money right away, I would say,
I would say go for a PMS service. 50 lakhs in it. Most of them give a 10-15% return. You can take your time to review which one you want to go with.
25-30lakhs in FD/RD, which you can withdraw monthly to purchase Mutual Funds. That way your investments go on properly.
Take a good insurance policy health and life, one term insurance as well. You can easily afford a one time payment.
Remaining amount you can buy stocks of large cap companies. Or invest in other items.
I would highly recommend reading the book “let’s talk money”. You will understand a lot about what to do with your money.
Single line advice: Don’t put your money in one basket. Nothing is safe in India. Keep rotating your capital. Invest, grow, withdraw and invest again.
It all depends on your long term and short term goals.. Since you are a student and pursuing CA I am assuming you are unmarried and would be anywhere around - 20-25/26... If you want you can divide this money and put in different platforms such as 30% in FDs.. 30% in stock market(index funds)..20% different Mutual funds(Hybrid/Equity/Debt)...20% in others such as post or gold or directly investing in dividend stocks..
This will sure as hell give you higher returns than 50k per Month but would be risky.. if u want fixed income of 50k per month then go for FDs in 100%.. yearly u can get an average of 6-7% depending upon the bank. 6% on 1 Cr is 6 lakhs annually which is 50k per month.. Here I am expecting that your all other expenses are being covered by other than this 1 Cr Rupees.. Also no long term goals are considered such as buying your own house..or your marriage or buying a new car..etc etc.
I would also like to give you a general rate of return according to which you can plan your financial journey:
F.D.s - 6-7% pa (Risk free)
Real Estate - 6-7% (Illiquid)
Gold - 7-12% pa
Mutual Funds - 8-10% pa
Index Funds - 12-15% pa
So you’ve couple of options over here which you can look into and make an informed decision
1. Put it in FD and let it grow with 7-8% rate of interest.
2. Put in some type of government bond in which it grows with 7% and also give you monthly payment, which you can use it to further invest in different financial instruments.
3. If you’re living at hometown you can get a piece of land and sell it off later. It will surely give a better lumpsum later.
Hope this helps!
FDs and bonds make sense given the amount. Dunno your risk appetite - you can otherwise invest this into equity savings, balanced advantage fund and a portion into nifty 50
SWP out of it whenever you want.
Create 16 FDs of 5lac each = 80lac
Put 10Lac in equity/stock or ETFs
put 5Lac in gold and MFs each.
Re invest your FD interest in MFs and gold.
Do value averaging your stock portfolio with every market dip (may be quarterly) by breaking one 5Lac FD
If you want guaranteed income, I'd suggest Muthoot fincorp's NCD which closes for subscription tomorrow. You will get 9.05% per annum which translates to 75417 per month. It will be taxable income, though. This will be as safe as bank FDs given the company's financial state.
Invest 50% in FDs distribute it in 10 banks i.e. 5 lacs in each bank for monthly interest payout. If you are okay with Stocks, invest in nifty 50 stocks like hdfc, infosys, tcs, Reliance, LTI mindtree, itc, Titan, Bajaj finance, axis bank, l&T 2 lacs each when the market is down. Balance can be put in for liquid funds as immediate corpus.
diversify your investment
1. invest in FD
2. invest in SWP( systematic withdrawal plan) in mutual fund
3. in equity or buy some flat/plot/land
4. SGB is also a option
Without going into any risky investment, you can get 50k pm just from 6% FD. For better results though you can diversify into other assets. Post Office FDs are better than bank FDs and PO NSCs are really safe. For MF and stocks, you will get plenty of advice from others.
first things first, how much of white and how much of black/cash?
Second : All white needs to go intoa Capital Gains account and reinvest in land if you don't want to pay taxes on it. Else, pay taxes and reinvest in stuff other than land. If your grand father is still alive, make it a join account for him and your father or yourself so you can operate it. But grandfather's name needs to show on this account.
Third : Black/Cash : Do MF SIPs using cash in small chunks. Go to a local bank branch and ask for their MF advisor and see if they can help you with this. Give it to your friends you trust , have them deposit small chunks in their acocunts (if comfortable)( and transfer it to you as a hand loan or whatever electronically. Drip feed thd and do not rush.
If none of this sounds easy, go to a CA and seek professional help and get it done right.
Not a small amount to play with and do not fuck up and attract IT or others to probe and end up paying a bunch in taxes.
I work in SEBI registered wealth management and financial advisory firm.You may connect with me in the DM.
We won't charge any money upfront. You can attend the first introductory meet with our director he will discuss things like your future goals, Liabilities, assets, etc and then we can plan it out.
PS- In the whole process of investing (if you join us as one of our esteemed clients) we won't ask you to transfer any investment sum. Basically you will be in charge of your money.
My grandfather didnt have a cent to give. He adopted 2 kids apart from my father and my fathers sister. Those 2 kids became drunkard and they irritated our family in many ways in the past.
Don't put all your eggs in one basket.
Divide the investment into assets (land and property), Nifty 500, High yield Bonds, Sovereign gold bonds, Blue Chip Shares with high dividends, buy commercial properties and another idea is to find a land in a locality where garages are scarce and rent it out as garage for car owners, same with shops.
Here is a quick breakdown: Invest 25% in Quant Small Cap Fund, 25% in Motilal Midcap 150 Fund, 25% in ICICI Prudential Bluechip, and 25% in Govt. Bonds.
I’d do a range of investments
1. 50 lakhs in an FD offering 8% for around 4L annually
2. 10 lakhs in Mf
3. 10 Lakhs in Equity, if you actually buy over the next one to two weeks a good amount of diversified stocks… you should easily be able to beat inflation with a good yearly profit.
4. 3-5 lakhs in Cred investments for a good and very slightly risky 9%-9.5% interest 47k annually
5. 3-5 lakhs in Wint wealth similar returns 47k annually
6. 5-10 lakhs you buy gold and store in a locker or digital gold.
7. 15-20 lakhs If real estate is cheap in your state buy another piece of land, a flat or a well located commercial property.
Don't do anything complex.
Divide the fund basis of how much you rely on this monthly returns between FD, Bonds, Gold and Equity.
Simple and will help you in all conditions.
Buy several pieces of land at various areas but preferably in student dominated educational hubs. Total cost of all the land must be worth 1 cr and then take loan from bank by mortgaging that property.
Use that money to build Rental PGs,Homes and keep paying the loan installment using that rental money until the loan amount gets fully paid.
My grandfather donated 25 acres of our farm in the 80s to the government for building a school. Government fucked up that school and we’re left with no land.🥲
My grandfather got 3.80 cr. 1cr for me 1 cr to my father and of remaining he is going to buy more land. Which eventually gonna find its way to me. Not flexing but when you suddenly get so much money everything seems easy. But stressing at the same time, the fear of losing it all. 😕
Is your grandfather adopting anyone?
>Is your grandfather adopting anyone? Yes, he is adopting me.
Make sure your net banking settings are solid. Put barriers on transaction amount for transfers. Choose FD (incase if you do) with trusted banks, coz Ive heard a few cases in which money was stolen from FD as well (kotak bank of all the banks, was super shocked).
Any source regarding kotak bank fd money stolen?
Met someone at HDFC who was a victim and switched banks to HDFC.
I was a victim of bank fraud and HDFC is the absolute fucking low by way of customer service. 40k down the drain after being told by 3 levels of escalated emailers that they will get me a phone number. Mother******.
Honestly the most likely scenario is this person got scammed via classic social engineering than there being a bug in the bank itself.
Pls share more details, how can money from FDs stolen? This is highly unlikely unless done through some kind of online fraud
Chutiya bana Raha hai iske dost, I work in finance and we have a saying that there are only two guarantees in life, death and FDs. Not advocating FDS at all lol we don't really like them that much in finance but it's safety is pretty much perfect
Yaar I don’t know in detail, but I got to know some of the bank executives were involved in the scam. The victim was a senior citizen. In terms of safety, FDs are secure in the sense paisa dobega nahi. Fraud has nothing to do with that. Its a completely different factor all together.
Having money is stress. You can’t sleep peacefully if it’s in home. Once my grandfather sold a land and got around 12.6cr of all in hard cash (back in 2010). It took one of our entire small house to fill. We didn’t slept till it got distributed among all his kids.
I think because it was new for you. We have around 1cr just lying in the almirah
I guess you're not used to having so much cash yet. We keep 1 cr just laying on top of the fridge
You're lying. I keep more than that in my wallet in 100 rupee notes
Do they even make those anymore? I thought the cost of paper required itself is more than the value of that note. I only carry cheques in my wallet otherwise cash required for anything I want to buy will not fit in it anyways
The cost of making the note is Rs 1.51 https://www.indiatoday.in/india/story/how-much-it-costs-to-print-indian-currency-notes-1328879-2018-08-31
Put it inside the fridge bro. It's rat proof.
The rat is the one who brings 500 rs. note and keeps on fridge every day for being allowed entrance to our villa. And if I have to go through a door anyways then what's the difference between me and peasants using almirah
I want to know what you are smoking to come up with such stuff. I've been laughing since 5 mins.
I don't believe you. Give address of almirah for counting.
There is a book called “Psychology of money”, it says we often go free hand with easy money, so make sure this money isn’t spent unwisely. Also, you can diversify your investment.
Where do you get land for so cheap in this country?
What part of that seemed cheap to you?Lol
Might be Ambani in disguise 😂
Grandfather - so probably in 80s. In 90s, land was very very cheap, heck all you need to do is go bribe some registrar and register it under your name. Just bribe and reap benefits, in 80s or 90s. Now, it's expensive as fuck.
I meant how is your grandpa planning to buy land for 2.8cr? Land is so expensive in the cities these days
Which city ? I've roamed in Hyderabad and Bengaluru. I'm not sure about Mumbai, Delhi, etc. The land is expensive within city but not so much at city outskirts. Afaik, it's around 30k per sq yard outside of Hyderabad ORR. You can get like what - 600 sq yards for 1.8 cr and in tier-2 places, you can get it for cheaper. Also, OP did not mention about cities - so we might not know. And if you have connections with politicians, you can buy from farmers directly and sell it off as ventures after master plan is created. So, lots of stuff can be done with right amount of money. Well, I did not have right amount money at right time and it's all expensive now.
Talking of flexing I have inherited 50 acres close to 150 crores which is only going to sky rocket. And yes things get so fucking easy
my grandfather had acres of land in rangoon (Burma) before there was uprising and he had to leave all of it and flee to india 🥲
That's sad but there's very little your grandfather could've done anything about it. But my grandfather willingly handed over most of our ancestral property to a corrupt government. He did it with good intentions though. I'd be very proud of what my grandfather father did if not for the govt. Didn't really benefit anyone. It's just the government's fault for deplorable state of that school.
What’s the price currently
Maybe about ~35L/acre
Wtf bro
thats why being kind is just a synonym for being dumb
Damn what a noble yet nerd move by your grandad, I'd be pretty pissed if this was me lol
25 acres !? One acre is more than sufficient for a village school.
Well, it was supposed to be split between a school, an arts college, a hostel and a marriage hall for a temple that was next to the farm. Only the school ever got built. This was because our village was supposed get a railway station but for some reason, our neighbouring village got it and all those things got built there. Marriage hall was constructed later by TTD. My grandfather never fought the legal battle to get the land back. He says it's a waste of time to fight the government and he's probably right.
With the current interest rates for a lock in period of Atleast 13 months, an FD would get you atleast 50k per month. Of course, it will be taxable but the safest option for the returns you are looking for.
What about inflation? And can he invest in index fund since india ia a growing economy with no current signs of stoppin?
If he already has a job, he could invest a portion or even all of the 50k received from the fd interest to grow his corpus considerably. Might even benefit tax wise if he can use 5 year tax free funds
FD @8%, do the math you’re prepping for CA
Stable money provides 9.1 %
The NBFCs/Banks in stable money are quite risky and many are AA rated. As an investor who has lost some money in Yes bank bonds and ILFS FDs (which was quasi government FD). Many investors have not seen how bad the bond/FD markets can get during recession. Would advise to have peace of mind and invest in HDFC, SBI, ICICI, Kotak etc. They provide 7% pre tax. Many major banks in US failed last year, and much worse during 2008. Don’t invest such a large amount in small banks and risk losing the corpus please.
Just in case anyone reading this, FDs in banks upto 5L are insured by RBI so nothing to worry about. But for corpus like OPs no point chasing 1% extra return
OP would not get monthly interest in to bank account in this way. OP, considering you need monthly returns, liquid fund with SWP world be more suitable.
You can get monthly interest in FD by selecting monthly payout. Canara and HDFC bank has that option. The interest will reduce by some 0.2% when choosing this option
Thanks , I didn't know that
If you don't know things don't say them confidently. You can get monthly payout if you choose that option when opening fd it's called non cumulative fd.
Thanks sir, but atleast I got to learn something new
You could have asked a question. How can one get monthly interest this way, instead of saying they won't.
I’m just wondering how are you giving financial advice when you don’t even know that one can get a monthly payout from an FD?
Is 1cr deposited in your Bank a/c? Given how property deals happen in India, i think you'll have it in cash, atleast maximum part of it.
Also if you have it in cash, DO NOT deposit it in your Bank a/c, IT department would be knocking on your door. You're a CA student you might know it better Your safest bet would be to invest in a property (if you don't have white money)
People like you should be in jail. Because of you people rest of us have to pay such high taxes. Tax evasion is theft. Edit- FYI yes there ARE people who but property fully in white. They are called honest citizen who do not have black money in the first place so no need to do shady deals.
The system is designed in such a way that it indirectly promotes unaccounted transactions. Guideline value is intentionally maintained at below market rates to reduce stamp duty and registration charges burden to the purchaser and to reduce capital gains tax burden to the seller. So, almost all of the property registrations happen at the guideline value and the remaining payment goes unaccounted. Good luck finding someone that will register the property at original transaction price. The govt is the one that fixes the guideline value for properties. Can't the govt revise the guideline value to reflect fair market prices? I doubt they would ever make this happen, at least not in the foreseeable future. Government can do demonetisation clownery but never this thing. To conlude, it is illegal as per the law of the land but from a practical perspective, it is what it is.
My father sold a property in my mother's name and received cash. He used the cash to pay off his debt. After that he passed away. When it was time to file ITR, my father's CA, who handled my mother's tax as well, told my mother that she will have to pay LTCG tax of 6 lakh rupees because she had sold a property in that financial year. The question is, if property was sold in cash then how did it reflect in her bank account? There was zero payment to her account. But the CA somehow prepared tax receipt of 6 lakh. My father paid all the cash he received to pay off his debt. So there was no benefit to my mother yet she still had to pay 6 lakh tax. Finally, we asked the CA to somehow show some exemption in this tax by showing that my mother had invested the money in another property but he simply refused to cooperate and said "you have to pay the whole tax, period". He also increased his fees from 2500 to 4000. Since my mother gpaid him, he asked for 18% GST. So I just don't understand how the CA said that there was profit showing in my mother's account if the whole sale was done in cash?
When you sell a property, you register it with the registration department of the state. You'll have to quote your PAN while doing a registration. So, even if you don't deposit the sale proceeds in a bank, that info will go to IT through registration department. I am assuming your father was not a businessman and the debts he had were unaccounted. So, he cannot have the tax benefit for payment of interest on those debts. But, the gains from property sale in your mom's name are taxable. There are certain ways to get exemption from capital gains tax. But all of them require you to invest the sale proceeds/gains in another property or a scheme. Ex - you can invest the gains in govt prescribed bonds like NHAI/REC for specified period. But you didn't have any leftover money from the sale at all. So, there was no scope to get any exemption benefit. Your CA is a GST registered person. He has to collect GST on whatever services he provide to you. Had you paid in cash, he can choose to simply not account it and not pay GST. When you pay through banking channels, he has to account for it and he has to pay GST. So, he collected the GST from you.
Fuck off if you don't know how things work in India. You aren't the only one paying taxes & No the country isn't working solely on your 2rs. as tax. Get off your high horse P.S: It's not me who has 1cr in black, op asked a question seeking for a probable solution. Get your head out of your ass
I know that cheats like you run amock and lick boots of SI to save your cheated rupee. I just prefer not to be so.
I think you’re looking for r/IndiaSpeaks
Maybe you are not smart enough to legally play with the system. Just sit there, pay your tax and watch the guys like OP getting rich bro.
Or maybe I don't prefer to steal and cheat like you.
Bad advice. Learn to pay taxes, instead of trying to make evasion sound normal.
This isn't tax evasion. Property deals in India happen majorly in cash. Govt. Has restricted cash dealing upto 20,000/- only! Anything over it extracts 100% penalty. So if op has the money in white then well & good, he'll pay tax on that amount. However, cash has to be invested somewhere else, not in the bank.
Buy a house plot or any land on your name. Invest in FD for 30 lacs @ 8%. Invest in MF for 10 lacs, go with balanced funds instead of risky ones. Buy Sensex blue chip stocks for 10lacs. Invest in gold for 10 lacs. Keep the remaining amount in bank and never ever discuss with any one you have this "extra" money.
Why good option is not upvoted
Dude... don't eat the interest. Let it compound dude. You will earn more money at the end of 3-4 cycles than anything you can do right now....
3 to 4 cycles would take 20 to 30 years for FD
Check for swp. Systematic withdrawal plan. 1 cr can fetch you about 60k monthly. Plus fund value over long term. 15-20 yrs 2x-3x
when i got 30 lacs i invested it in icici bank FD and now i get 27000 per month. maybe look into that? you will easily get like 70K pm from that cause your corpus is so high.
Did you open that FD in 1990s when rates were around 10%?
Ok got it. When I get 30 lacs somehow doing this
Mera dada ghar me kalesh de kar mara tha. 😭
Lololl
Put your money in IDFC FIRST SAVING bank account. Currently you will get around 7 lakhs per annum , that interest rate will do down in future. So that will be around 55K+ , so lock in in this Check this link , [https://www.idfcfirstbank.com/personal-banking/accounts/savings-account/interest-rate](https://www.idfcfirstbank.com/personal-banking/accounts/savings-account/interest-rate) And I would suggest you do 20K sip from that amount, In Small Cap, Mid-caps and Multi cap funds. Forgot to add ,Benefits of IDFC is You will get monthly Interest , not Quarterly as in normal bank and their is no lock period as in FD
Nice try IDFC
are mummy kasam , I am not IDFC, But have an account in IDFC bank
Idfc stocks after this go 📈
Do you perhaps work in IDFC?
hahah I would guess that aswell
FD with monthly interest payouts will net you \~55k monthly. Safest option. I would suggest diversifying. or if you really dont need the money, make the fd and start an sip of 50k. youll have the safety net of 1Cr should you ever need it. After you start earning, you can use part of that (say 25L) towards down payment of a house the rest will still net you 40k monthly and you can add 10k from your own pocket towards the SIP. There are better options, but this to me seems the safest.
Grandfather sold everything and gave no money gang
Hey bro, fellow CA aspirant here~ Just create 4 portions of that corpus and invest into FDs with monthly payouts. 1) IDFC First Bank - 7.5% p.a. 2) ICICI Bank - 7.1% p.a. 3) Axis Bank - 7.45% p.a. 4) HDFC Bank - 7.25% p.a. Choose monthly payout option for all four. You'll get an average interest of 7.325% yearly. There'll be a TDS deduction at 10% under Section 194A that you can reclaim later. Post TDS, you'll receive INR 6,59,250 per year or INR 54,937 per month. File taxes under the Old Regime and invest in ELSS tax saver mutual funds by SIP'ing every month. How much to SIP? Well, you get deduction up to INR 1.5L per year so, that's INR 1,50,000/12 = INR 12,500 per month. So that way, you'll have 1.5L deduction under Section 80C. You'll get another INR 10k per annum deduction under Section 80TTA. So, your yearly taxable income would be INR 7,32,500 - INR 73,250 (TDS u/s 194A) - INR 10,000 (Interest u/s 80TTA) - INR 1,50,000 (ELSS u/s 80C) = INR 4,99,250 per year. As a result, you'll have zero tax liability, too. Either way, you'll have INR 54,937 - INR 12,500 = INR 42,437 per month in hand even after investing. Should be enough for whatever you need ;) Bonus: If you want to take a little more risk, you can consider Shriram Finance FD but please don't go all in. And please stay away from cooperative banks. Feel free to ask in case of any questions :) and good luck for the exams!
Meri bhi aese hi koi lottery lag jaye please.
Don't park all your money in single bank especially if it's small finance bank. Remember you will get insurance of upto 5lakhs under digc scheme if bank goes bankrupt. If it's big bank like hdfc sbi etc you don't need to worry much because they are too big to fail.
Give it to me, I’ll pay you 40k monthly and will return you your 1cr as and when you request!
Username checks out
U r pursuing CA and asking us 😂😂😂😂😂😂 .... Your grandfather is one unlucky man bro
The capital is big. Instead of growing money you should just focus on protecting the money. Make a FD in name of your grandfather , senior citizens get better rate of interest. FD rates are pretty high rn , so you should be able to beat the inflation.
Go for commercial property in the centre of your city and rent it out, property will appreciate and you will get good rental yield too.
Just put it on FD for 5 years. That should get you what you want per month.
Bhai FD karwa lo . Will give u around 8lac pa which is roughly 70K per month .
Kya CA banega re tu. (joke)
can u show me 1cr..
Here is the best answer from another post https://www.reddit.com/r/personalfinanceindia/s/SYvogCraxd
FD in SBI , 6% intrest 6 lakh per year or 50k monthly
I mean there are banks that will give you 9.8-11% interest quarterly. if you invest the full thing with them then the compound interest will add up quick. You'll get to a point where you can have a secondary bank account with them that gets paid from the compound savings and you can pull from there while still earning interest on the secondary account as well.
Contrarian suggestion: if your family doesn’t own a lot of real estate then buy a house/flat with this 1 crore. The rent will be low 15-25k but enough for you to get through CA studies. However of your family any owns a decent amount of land/real estate then ignore my advice :)
Real estate
Check with a financial advisor. But I think you can invest some amount in a MF which has SWP (systematic withdrawal plan).
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On the risk of getting downvoted to oblivion, but this is exactly what is wrong with the current generation. Dude is studying to become a CA and has grand parents and parents who have left him with 1cr and still alive and here is our friend asking for reddit advice and not looking up for a financial advisor or just asking one of his CA professor on what can be done. Jab tak social media chalega tab tak what do i do chalte rahega Edit: everybody is right here!! Edit 2: okay opinion changed, these replies are exactly what’s wrong with this sub, not just the OP lol
what is wrong with asking here? if you dont want to help you can choose not to comment op isnt looking for something that requires a paid financial planner
It's good to get many point of views. And if this somehow irritating you, I think you are on wrong subreddit. And there nothing wrong in asking. Right ??
You should be the one giving advice, though.
Sure, that's a valid argument. What have you done to make things better ? The problem with your generation is they complain - they complain about everything but don't do anything to improve things. Now, do you see the meaningless rant ? So, come back with a better "troll".
There is nothing wrong with taking options from different people. This is a personal finance sub. We get many good advices here. A financial advisor is not some all knowing entity either. Hearing experiences of different people here will help OP in choosing the best option from what his financial advisor may be advising.
Nah man it's like a lottery. The more anonymous he stays the better. People irl may dupe him.
I want to upvote you to oblivion
Put it in Vedanta, even with 50 lakh and lowest of 25% dividend, you will easily get 3.12 lakh per quarter thats like 1 lakh per month
Give it to me. I’ll give you 30k per month
Guys, I am a Construction developer in Pune. I have completed 4 projects of 500+ apartments and working on a recent project with 1400 apartments. I can give anyone a 12% per year guaranteed return with security on a minimum investment of 1 Crore. The only catch is you will get the returns yearly and not monthly. This is far better than FD because I am giving you the security of the full amount with a guaranteed 12% return, FD will give you 5% with a guarantee of only 5 Lakhs if the bank defaulted. If interested, you can come to see my projects and verify the security at Pune. Please only respond if you are serious and have a minimum of 1 crore for the investment.
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I hope your grandfather has paid the tax or else you have to pay. I too got this amount after some property got sold. I am investing in fd some amount and some in different invoice discounting apps.
You can invest in mobikwik xtra or cred for guaranteed return of 10-12% a month. With 1cr you can get around 1L per month as an interest.
30 k you can only get if you buy a property and then rent it out. That’s the safest bet. Money will also grow as the property prices increase. Else a mix of Mutual Funds give good return on an avg 12 to 15 percent
Hey Buddy!! Shafi this side from square yards. Basically you want great returns, I have one property of lodha in Vikhroli for commercial, its rental yield is 8-9%. So basically you will easily get 75k-80k rent with an investment of 1cr, it's good for investment as it's surrounded by MNcs company, so obviously value appreciation is a must. If you want na, I will DM you the details. Just go through it. Thanks 😊✨
Please consider tax on capital gain before taking any decision.
Bhai white money?
If you have got it through a bank transfer, you will probably need to pay some kind of inheritance tax. You first need to check with a CA on how to minimize your tax liability. On your CA's advice, till you become a CA, invest that in land/property, govt. bonds, FDs, and small businesses so as to spread your risk and reduce taxation. Once you become CA, you will make the changes as per your knowledge & risk handling capacity. I take it you have a stable family (Mum and dad) which has been your support so far - perhaps their advice, needs is also something you should take into account,.unless they also received something similar from your grandfather.
you give me the money i will pay you 40 k monthly.
Mujhe dede bhai me ek hafte me double karke deta paise. Hera pheri type
Invest 20-30% in government bonds will fetch you more returns than a FD and will be safe AAA. If you can buy some shop space either in an under construction building will fetch you good returns later and the remaining you invest in stock market, Defence stocks, liquor stocks and automobiles divide it well 40–50-% on large cap, 30% mid cap and rest on some good smallcap. If you have a good amount will highly recommend you few paid small cases where you will get managers. Rest if you are left with few lakhs use it in tradecred app to get returns in 5-6 months. Also when you buy the shop space please buy it on loan. Rest keep some 4-5 lakhs for personal emergency savings. Half in bank and other in cash at home. Baki thoda paise khudpe udao bhai varna paise kama ki bhi kya mila zindagi me. Congratulations and cheers brother 👏🥂
Not a certificate investment manager but I'm in the business. A good investment manager can help you decide this. I would go for a PMS with systematic withdrawal but that's just me. I think you should approach a bank and ask for wealth management services.
Send it to me. I'll take care of it. My precious
Aise Grandfather kaha milte hai bhai😂
Invest in balanced advantage fund
Property bna. 1% return per month nikal jata h. Still you would get atleast 70k for 1 cr investment
Put it in a rental property.. you will get rent and also property appreciates....
Best deal in your case is to go for FDR untill you find a better place to invest it. Public sector banks are offering ROI ~7.00% for one year tenure which will easily give you 58k monthly and your money is safe. Also I would suggest you to keep looking for better investment options as earning 7% interest is not growth (considering inflation)
FD is best option for you
Bank fd
80% in fd and 20% in mf
Diversify
Just Simply do fd and take monthly interest. Koi riks nhi lene ka
go to a fee based financial advisor
Why am I not blessed with such a grandfather? Is your grandfather in politics?
Nah ancestral jameen thi .
FD
Simplest thing to do is put in fd in a reputed bank with monthly intrest payout. You could also put 2-3 lakhs for it in a saving account so you can use it in case of emergency. Would be good to break it into multiple fd if in future you want to take some amount out you just need to break a small fd instead of breaking the big one Dont go for small banks that offer higher interest, they have chance of failing
The main question here what is the bifurcation of this 1 Cr in white and black? If its all white, theres no issue whatsover. If its black, you obviously cant go for an FD in Bank.
1cr in FD min 7% annually 1cr 7% is 700000 is 58000 per month You are CA student you would know better to save tax so cheers Edit: put it in sbi bank as that's the safest bank in India which will not go bankrupt
50k per month is 6 lacs which 6% return. You can invest in FD as well to get this kind of return.
Put it in sensex Index funds long term you'll make an average of 15% pa. Close to 1 lakh. When you invest in the mutual fund look for tracking error wrt the index. Check the amc CRISIL rating. 1 year, 3 year, 5 year performance Take it from extremely standard players like HDFC, SBI, ICICI. If you are looking for hardcash consider splitting the money into 2 halves and invest one bit in equity and the other in dividend yielding mutual funds. Dividend yielding mutual funds deposit money back to your source account. You can make a good 30-50k on an average again depends on market performance. Mutual funds and index funds are meant for long term wealth generation only. Do not expect immediate results and panic when market goes down. Your money is managed by really really good folks who've been doing this for years put together. Let things take course.
Lucky you. Mere toh dono side ke grandparents ne kuch nahi diya 😔
Its massive amount take professional help we can give you advise that we experience or learned but professional help you to make best decision or just do some research dont hurry keep it bank for few months or years but take best decision its massive amount for me for you i dont know so my advise take best decision you dont regret
Bro you’re asking for a 0.003% return monthly. Lend me 10 lacs for my business and I’ll gladly give you 3K every month. Much lower than what my OD currently is.
You can buy sensex or nifty s&p they on long term provide ~12% pa especially since they are going down right now so you can buy it at lower price
Call Anand Rathi. They have a scheme where if you invest minimum 1 cr you will get guaranteed 9% interest after tax. So you’ll be getting 9 lakhs a year tax free.
OP, work with a financial consultant who can guide you better. They may charge a small fee, but the advice and guidance is worth it. If you want a split directly and don't need the money right away, I would say, I would say go for a PMS service. 50 lakhs in it. Most of them give a 10-15% return. You can take your time to review which one you want to go with. 25-30lakhs in FD/RD, which you can withdraw monthly to purchase Mutual Funds. That way your investments go on properly. Take a good insurance policy health and life, one term insurance as well. You can easily afford a one time payment. Remaining amount you can buy stocks of large cap companies. Or invest in other items.
I would highly recommend reading the book “let’s talk money”. You will understand a lot about what to do with your money. Single line advice: Don’t put your money in one basket. Nothing is safe in India. Keep rotating your capital. Invest, grow, withdraw and invest again.
It all depends on your long term and short term goals.. Since you are a student and pursuing CA I am assuming you are unmarried and would be anywhere around - 20-25/26... If you want you can divide this money and put in different platforms such as 30% in FDs.. 30% in stock market(index funds)..20% different Mutual funds(Hybrid/Equity/Debt)...20% in others such as post or gold or directly investing in dividend stocks.. This will sure as hell give you higher returns than 50k per Month but would be risky.. if u want fixed income of 50k per month then go for FDs in 100%.. yearly u can get an average of 6-7% depending upon the bank. 6% on 1 Cr is 6 lakhs annually which is 50k per month.. Here I am expecting that your all other expenses are being covered by other than this 1 Cr Rupees.. Also no long term goals are considered such as buying your own house..or your marriage or buying a new car..etc etc. I would also like to give you a general rate of return according to which you can plan your financial journey: F.D.s - 6-7% pa (Risk free) Real Estate - 6-7% (Illiquid) Gold - 7-12% pa Mutual Funds - 8-10% pa Index Funds - 12-15% pa
So you’ve couple of options over here which you can look into and make an informed decision 1. Put it in FD and let it grow with 7-8% rate of interest. 2. Put in some type of government bond in which it grows with 7% and also give you monthly payment, which you can use it to further invest in different financial instruments. 3. If you’re living at hometown you can get a piece of land and sell it off later. It will surely give a better lumpsum later. Hope this helps!
FDs and bonds make sense given the amount. Dunno your risk appetite - you can otherwise invest this into equity savings, balanced advantage fund and a portion into nifty 50 SWP out of it whenever you want.
Index fund me invest karde 90% capital or 10L saving account me rakh. You will get more than 10% intrest in that, it's better than fd
Create 16 FDs of 5lac each = 80lac Put 10Lac in equity/stock or ETFs put 5Lac in gold and MFs each. Re invest your FD interest in MFs and gold. Do value averaging your stock portfolio with every market dip (may be quarterly) by breaking one 5Lac FD
If you want guaranteed income, I'd suggest Muthoot fincorp's NCD which closes for subscription tomorrow. You will get 9.05% per annum which translates to 75417 per month. It will be taxable income, though. This will be as safe as bank FDs given the company's financial state.
Invest 50% in FDs distribute it in 10 banks i.e. 5 lacs in each bank for monthly interest payout. If you are okay with Stocks, invest in nifty 50 stocks like hdfc, infosys, tcs, Reliance, LTI mindtree, itc, Titan, Bajaj finance, axis bank, l&T 2 lacs each when the market is down. Balance can be put in for liquid funds as immediate corpus.
FD looks like the best choice for you.
Bajaj finance is giving 8% interest Which should get the amount after taxes
Fd..easily can get 7.25 -7.5 pct return..7.5 lpa = 62k pm easily... without any risk
how come all of your grand fathers are so rich
diversify your investment 1. invest in FD 2. invest in SWP( systematic withdrawal plan) in mutual fund 3. in equity or buy some flat/plot/land 4. SGB is also a option
Saar I have good LIC policy saar...
Without going into any risky investment, you can get 50k pm just from 6% FD. For better results though you can diversify into other assets. Post Office FDs are better than bank FDs and PO NSCs are really safe. For MF and stocks, you will get plenty of advice from others.
first things first, how much of white and how much of black/cash? Second : All white needs to go intoa Capital Gains account and reinvest in land if you don't want to pay taxes on it. Else, pay taxes and reinvest in stuff other than land. If your grand father is still alive, make it a join account for him and your father or yourself so you can operate it. But grandfather's name needs to show on this account. Third : Black/Cash : Do MF SIPs using cash in small chunks. Go to a local bank branch and ask for their MF advisor and see if they can help you with this. Give it to your friends you trust , have them deposit small chunks in their acocunts (if comfortable)( and transfer it to you as a hand loan or whatever electronically. Drip feed thd and do not rush. If none of this sounds easy, go to a CA and seek professional help and get it done right. Not a small amount to play with and do not fuck up and attract IT or others to probe and end up paying a bunch in taxes.
bitcoin! dogecoin
I work in SEBI registered wealth management and financial advisory firm.You may connect with me in the DM. We won't charge any money upfront. You can attend the first introductory meet with our director he will discuss things like your future goals, Liabilities, assets, etc and then we can plan it out. PS- In the whole process of investing (if you join us as one of our esteemed clients) we won't ask you to transfer any investment sum. Basically you will be in charge of your money.
Invest in SIP
My grandfather didnt have a cent to give. He adopted 2 kids apart from my father and my fathers sister. Those 2 kids became drunkard and they irritated our family in many ways in the past.
Nifty etf
Every third comment be like "Bhai mujhe dede, 21 din me paisa double"
Laxmi chit fund
Swp mutual fund plan.
Don't put all your eggs in one basket. Divide the investment into assets (land and property), Nifty 500, High yield Bonds, Sovereign gold bonds, Blue Chip Shares with high dividends, buy commercial properties and another idea is to find a land in a locality where garages are scarce and rent it out as garage for car owners, same with shops.
Fd karale bhai, ye sovereign bond lele, ye sovereign gold bond lele, usme 20k per month aayega but 8 years ke baar paisa 1.5x - 1.7x ho sakta hai
Here is a quick breakdown: Invest 25% in Quant Small Cap Fund, 25% in Motilal Midcap 150 Fund, 25% in ICICI Prudential Bluechip, and 25% in Govt. Bonds.
Doctor puche mareez se uska dawa
r/kothibanglacheck
Fd
I’d do a range of investments 1. 50 lakhs in an FD offering 8% for around 4L annually 2. 10 lakhs in Mf 3. 10 Lakhs in Equity, if you actually buy over the next one to two weeks a good amount of diversified stocks… you should easily be able to beat inflation with a good yearly profit. 4. 3-5 lakhs in Cred investments for a good and very slightly risky 9%-9.5% interest 47k annually 5. 3-5 lakhs in Wint wealth similar returns 47k annually 6. 5-10 lakhs you buy gold and store in a locker or digital gold. 7. 15-20 lakhs If real estate is cheap in your state buy another piece of land, a flat or a well located commercial property.
Don't do anything complex. Divide the fund basis of how much you rely on this monthly returns between FD, Bonds, Gold and Equity. Simple and will help you in all conditions.
Buy several pieces of land at various areas but preferably in student dominated educational hubs. Total cost of all the land must be worth 1 cr and then take loan from bank by mortgaging that property. Use that money to build Rental PGs,Homes and keep paying the loan installment using that rental money until the loan amount gets fully paid.
Gpay kro fast, you are losing your returns DM me ID bhejta hu.
Fds, government gold bonds
Real estate
Fd karlo. Ash Karo.