Need A Financial Product Forums Trading/Investments Where should I invest surplus money lying in savings account

This topic contains 1 reply, has 2 voices, and was last updated by  Mohan Kulkarni 2 years, 8 months ago.

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  • #48456

    I have surplus funds of Rs. 5 lakhs lying in my savings account. I don’t need these funds for at least next 3 years. I don’t want to take risk as few years back I suffered huge loss due to investment in ICICI Prudential Discovery Fund though I know that it was my failure to manage it. Anyways, please suggest me how to earn profits from this money. I can also invest Rs. 10,000 monthly. I want regular monthly income.

    #48457

    Sampat Kadam
    Member

    You can invest Rs. 5 lakhs in fixed deposit and Rs. 10,000 monthly in recurring deposit with your bank.

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