4 lakh surplus money in Savings account? Where to invest?
I just moved 4 lakh from FD to savings account due to low interest and income tax eating into most of it.
The initial idea was to put all 4 lakh in an arbitrage fund which gives guaranteed interest of 7% and is taxable like equity.
But now wondering if I can invest it in any stock or Mutual Fund. What' the right idea to do?
Risk appetite: Medium.
Mostly regret missed opportunities than the short term loss.
Wouldn't need the money for another 5 years.
SIP is running and accumulating Niftybees in this market.
what's the wise idea to do with the money?
u/Remote-Dragonfly1657 — 21 hours ago