How to invest Rs 20 lakh lumpsum
Hi, so me, 32F, and husband, 32F, will come into possession of Rs 20 lakh in a few days. It is due to FIL selling a piece of land in his hometown. The amount will be transferred to my MIL's account. We want to invest this amount. We will not need it for at least another four years. After that it will be used by us to build a house on our plot.
My question is two-pronged. First, I want to ask whether we should invest through MIL's demat account (she doesn't have an existing one, we'll have to create one) or through my demat account (husband and I inbest mainly through my demat account).
Second, where should we invest this amount? Should we divide it into portions and invest these portions in different instruments - share market, mutual funds, etc?
original posted by sacred-monster-1992 to r/personalfinance on Mon, 04 Mar 2024 13:50:27 GMT.