How can I double my money in one year in India?
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How can I double my money in one year in India?
Public Provident Fund (PPF) Public Provident Fund (PPF) is a long term and risk-free saving scheme by the government of India. This scheme offers a tax-exempted return on investment with the added interest of around 7.90\% per annum. You can double your amount in 9-10 years by investing in PPF.
How should I invest 50k monthly?
How can a BALANCED Investor invest Rs 50,000 per month?
- Equity Funds – Rs 30,000.
- VPF – Rs 10,000.
- PPF – Rs 10,000.
- EPF (already on-going) – Rs 10,000.
What kind of business can I start with 50000?
It’s worth investing your time along with money and it’s as interesting as it sounds. If you are searching for some of the best business ideas then you are in the perfect place. Here you will have ample unique business ideas, to start your best business under 50000 INR. Here we have some new business ideas for you!
How much will you earn from investing Rs 50000 in 20 years?
Considering 8\% returns in PPF (Public Provident Fund), an investment of Rs 50,000 can fetch you Rs 2,33,051 in 20 years. Investing is one habit that would always give huge rewards to you in future. Investing can be started with any amount of money in your hand and an early start to investment is always desirable.
What are the best short term investment plans in India?
You can invest a very small amount like Rs 50,000 in monthly SIP of Rs 5,000 and this will make up your best short term investment plan. Debt mutual funds – You can also consider debt mutual funds, if your investment horizon is between 1 to 3 years.
How can I invest 50K in mutual funds right away?
If you have 50K with you right away, I would suggest the below steps : 1) Start an SIP with a small amount of Rs 1000/- under some good schemes which have been giving good returns. Some of them are ICICI Pru, SBI Magnum Multicap Fund, Axis Long Term Equity Fund (G) or Birla SL Tax Relief 96 (G).
What are the different investment options available in India?
Fixed deposits is one of the most popular investment options available to a investor in India. Certificates of deposits – It is a promissory note issued by a bank. A CD is issued electronically and restricts user from withdrawing money on demand.