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Ask EP-190 Are Fixed Deposits in Small Finance Banks Safe?
Original: Ask EP - 190 Fixed Deposits in Small Finance Banks safe?
Takeaway
SFB FDs are safe within ₹5L DICGC limits, but avoid bank-bundled ULIPs and demand fundamental conviction before averaging losing positions.
Summary
- Small Finance Banks offering 9% FD rates: safe for senior citizens up to DICGC insured ₹5 lakh limit, but spread across multiple banks to stay covered.
- MIP Semiconductors stock: long contract pipeline from C-DAC, ~234% growth, but valuations damn expensive—wait for better entry.
- HDFC Bank locker conditional on insurance policy purchase (₹1 lakh/year ULIP for 10 years) is a common bank practice; cheaper alternative is FD-linked lockers.
- Exide Industries: futuristic battery/EV play, good fundamentals but advisable to do fundamental analysis before averaging on 37% loss positions.
- Investing equity FDs via Zerodha low-duration category funds preferred over locker-tied ULIPs.
FDsmall finance banksQ&A
Original description
Invest in high-return FDs and earn 9.5% returns 👇 https://stablemoney.onelink.me/gqsW/wdxs6n8d ------------------------------------------------------------------------------------------------------- Ask Money Purse Show EP - 190 Date - 13-10-2024 Welcome to the Ask Money Purse Show, your ultimate destination for all things personal finance! If you're looking to get insightful answers to your burning questions about personal finance, stock markets, insurance, mutual funds, taxation, and more, you're in the right place. Hosted by a finance enthusiast dedicated to helping you navigate the complex world of money management, the Ask Money Purse Show covers a wide range of topics to empower you with the knowledge you need to make informed financial decisions. Whether you're a beginner trying to understand the basics or an experienced investor looking for advanced strategies, our show has something for everyone. Each episode, we pick questions from our YouTube comments section and provide detailed, easy-to-understand answers. No question is too big or small – we believe every financial query deserves attention. From the intricacies of tax planning to the nuances of stock market investing, we aim to break down complex concepts into simple, actionable advice. Join our growing community of finance-savvy individuals by subscribing to the Money purse. Don't forget to drop your questions in the comments section with the tag #AskMoneyPurse. Your question might be featured in our next episode! Stay tuned for regular updates and deep dives into the financial topics that matter most to you. Let’s embark on this financial journey together and make your money work for you! #personalfinance #stockmarket #insurance #mutualfunds #taxation #financialplanning #investing #MoneyManagement #finance #Askmoneypurse Stay In Touch👇 Also connect with us on👇 📷Instagram: https://www.instagram.com/moneypurseadv/ 🕊Twitter: https://twitter.com/Moneypurseadv 📱Facebook: https://www.facebook.com/moneypurseadv/ Thanks for watching.. Team Money Purse 00:00 Investment in this Rs.200 Semiconductor Multi bagger Stock? 07:21 View on DOMS 09:25 Is it safe to do FD in Small finance Banks? 11:26 Data Center Stock with Cheap Valuation 13:43 Bank Locker Scam, Be aware! 16:55 Discovered this Rs.16 & Rs.74 Undervalued Stocks 20:42 Sunday Funday 21:25 STP from Plot Sale 24:51 Exit from Exicom? 27:57 Bajaj Housing Finance for Long term 29:26 How to get back premium from ULIP policies?