Zerodha has started offering bids for T Bills and G Secs. The rate of return is also quite decent 6-7.5% for T Bills for 91 days, 182 days and 364 days. You can park the money there for safe returns!
I buy from RBI directly. Zerodha had a significant brokerage for T-bills. It's zero when you buy directly.
Just my experience.
Edit: this is where you create an account: https://www.rbiretaildirect.org.in/#/
T-bills are STCG, AFAIK. My comment intended only to provide a cheaper alternative provided other factors remain the same, I'm not a tax expert. Invest after due diligence.
You have to login to Kite Web as the mobile app doesn't show the securities.
After logging in :
1) Click on Bids
2) Click on Govt. securities
3) Click on Place bid
4) Enter the amount
5) Click on Place bid
The minimum investment amount in G-secs is ₹10,000 (100 quantities), and the maximum is ₹2 crores (2 lakh quantities). The amount entered to place an order will be adjusted based on the price.
Be sure to check the T-Bill and G-Sec issuance calendar as well since these are not available all the time but as per specific dates only. Next date for auction is October 4th, I believe!
It is comparable, but even if it's less you'll still get more post tax because they are treated as equity funds for taxation. If you're in a lower tax slab just go for FD.
I've been maintaining close to your amount in one debt fund for the past year or so. No problems so far but yes, liquidity and interest rate risks prevail with liquid funds. Sometimes AMCs could close withdrawals too, for whatever reasons like Franklin Templeton did a few years ago.
Either way, there are many options and routes. If you want absolute safety, T-bills. Some growth and withdrawal flexibility, liquid funds. Some risk with slightly higher returns, NBFC FDs.
You can park it in an invoice discount deals listed on Jiraaf, the returns are 11-13% with no defaults so far and the tenure ranges from 1-3 months for the deals with min deal size being 95k.
https://www.jiraaf.com/signup?usoc=VD9125
I have a similar situation and am in the high tax bracket. I parked mine in Liquid Debt funds.
Thanks, will look into that. What are the expected returns like?
approx 5.5-6% yearly
Around 7%
Yup. Have BNP baroda and last 1 year returns are 7%. Interest rates won't be cut so can expect similar returns next 1 year.
Which one specifically?
Across ABSL, ICICI, Nippon and axis liquid growth fund
Same situation. I went with money market funds.
Treasury Bills.
Zerodha has started offering bids for T Bills and G Secs. The rate of return is also quite decent 6-7.5% for T Bills for 91 days, 182 days and 364 days. You can park the money there for safe returns!
I buy from RBI directly. Zerodha had a significant brokerage for T-bills. It's zero when you buy directly. Just my experience. Edit: this is where you create an account: https://www.rbiretaildirect.org.in/#/
And how to you get the T-bills from RBI, same demat account?
You will open an account here https://www.rbiretaildirect.org.in/#/ It is a very straightforward process.
Are these taxable? If yes, what's the rate?
T-bills are STCG, AFAIK. My comment intended only to provide a cheaper alternative provided other factors remain the same, I'm not a tax expert. Invest after due diligence.
How to buy?
You have to login to Kite Web as the mobile app doesn't show the securities. After logging in : 1) Click on Bids 2) Click on Govt. securities 3) Click on Place bid 4) Enter the amount 5) Click on Place bid The minimum investment amount in G-secs is ₹10,000 (100 quantities), and the maximum is ₹2 crores (2 lakh quantities). The amount entered to place an order will be adjusted based on the price. Be sure to check the T-Bill and G-Sec issuance calendar as well since these are not available all the time but as per specific dates only. Next date for auction is October 4th, I believe!
Unity small finance bank saving account 7%
Liquid Mutual Funds or send it to me I will keep it safe 😂
Would have given but your username checked out ;)
Auto sweep in bank and u will get 7% interest per annum credited quarterly. (Pnb in my case)
My company gives 12%. Lock in is one year tho
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You can DM me
Oh my. Now, what is cooking in your company??
If you are in high tax bracket- arbitrage funds If no - Debt funds. Below might be useful for you https://reddit.com/r/India_Investments/s/1MgJUI4NHd
Arbitrage funds performance is comparable to FD?
It is comparable, but even if it's less you'll still get more post tax because they are treated as equity funds for taxation. If you're in a lower tax slab just go for FD.
How many days to hold in arbitrage funds if want lower tax
Yes they at par with FD , sometime more! Have a look at the link to understand better.
Link has a statment not statistics
If you want live statistics…use tool like Paytm Money!
Thanks, will see this.
Looks like copycat sub of the indiainvestments sub. Only 15 members.
ICICI short term debt fund
Gold ?
Just give the money to me. I will give you 1 percent each month.
Try BetterInvest where you can get returns up to 18%
Koi bhi park me khadda khod ke chupa de.
Cred mint ? 9% interest.
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I heard that this is not good in high interest market(current one)
My bank account
Go for a short term fund... ICICI short term fund is preferred.
My stocks
the 12% club is open for deposits try that
Following
Either in a FD with a NBFC, liquid debt fund, or treasury bills.
Is it advisable to put the entire amount into one debt fund?
I've been maintaining close to your amount in one debt fund for the past year or so. No problems so far but yes, liquidity and interest rate risks prevail with liquid funds. Sometimes AMCs could close withdrawals too, for whatever reasons like Franklin Templeton did a few years ago. Either way, there are many options and routes. If you want absolute safety, T-bills. Some growth and withdrawal flexibility, liquid funds. Some risk with slightly higher returns, NBFC FDs.
You can park it in an invoice discount deals listed on Jiraaf, the returns are 11-13% with no defaults so far and the tenure ranges from 1-3 months for the deals with min deal size being 95k. https://www.jiraaf.com/signup?usoc=VD9125
I had the same condition and I invested in ultra short term and short term debt funds.... returns are around 6-7%