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How much do I need to invest to make 10000 a month?

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How much do I need to invest to make 10000 a month?

It seems you are talking about investing in a balanced fund and withdraw a fixed amount through SWP, right? If it is so, then to withdraw Rs 10,000 you should invest at least Rs 13.50 Lakhs (assuming withdrawal rate @9\% annual).

Can you make 10000 a month?

Believe it or not, making 10k a month is possible. Yes, you can earn $10,000 per month online and many are already doing it. Moreover, you already have all the tools and skills to get started, you just don’t see opportunity yet, because you aren’t looking.

How can I earn 10000 a month in interest?

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How can you earn a monthly income of Rs 10,000? If you want to earn a monthly income of Rs 10,000 then you will have to make a deposit of Rs 5,07,964. On the amount that you deposited, you will get a return from the interest rate of 7 percent, which comes to Rs 10,000 every month.

Which investment is best for monthly income?

6 Best Monthly Income Schemes In India

  • Fixed Deposit. Undoubtedly one of the best and most low-risk income schemes is a bank Fixed Deposit (FD).
  • Post Office Monthly Income Scheme (POMIS)
  • Long-term Government Bond.
  • Corporate Deposits.
  • SWP from Mutual Funds.
  • Senior Citizen Saving Scheme.

How can I invest 10k?

How to invest $10K: 9 smart ways to use your money

  1. Put money in a high-yield savings account.
  2. Pay off high-interest debt.
  3. Max out your individual retirement account (IRA)
  4. Fund a Health Savings Account (HSA)
  5. Save for education costs with a 529 account.
  6. Open a taxable investment account.
  7. Build a CD ladder.

What is the interest on 10 000 rupees?

10,000 on an FD in ICICI Bank for a period of 1 year at the rate of 6.60\%, the total interest earned in case of monthly compounding will be Rs. 656….Compound interest calculation: Daily, monthly, quarterly, half-yearly, yearly.

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Compounding frequency Principal amount Interest earned
Quarterly Rs.10,000 Rs.660

How can I get monthly interest?

These steps can be followed to convert annual interest rate into monthly interest rate:

  1. The annual rate needs to be converted from percentage to decimal format (divide the rate by 100)
  2. Divide the annual rate (the decimal form) by 12.
  3. Multiply the annual rate with the interest amount to obtain the monthly rate.

How much should I invest in SWP to withdraw 10000 rupees?

If it is so, then to withdraw Rs 10,000 you should invest at least Rs 13.50 Lakhs (assuming withdrawal rate @9\% annual). However, before investing in the above and starting the SWP, you must be aware about the following –1.

Can I earn more than 10K per month from share market?

Sometimes you can earn more than 10k and sometimes you can earn 1k only and som time you lose also. Everything depends on your investment and market movement. But with a good investment, you can make an average income from the share market. For, example- your investment is 3–4 lacs then you can earn 70k-1lac a month.

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How much should I invest in mid-cap funds?

We recommend a portfolio of mid-cap and small-cap funds purely. The investment in small cap is capped at 40\% whereas the remainder is allocated in mid-cap. By investing Rs 10,000 per month, an investor can look to accumulate over Rs. 49 Lakhs in ten years.

How can I make a 10K profit in the stock market?

For stock market you really need some solid amount of money to invest to make profit of 10k, because stock market is vwry less volatile and it gives you only 1rs per 1rs change in price so you have to buy like really to much stocks to make such a large profit. Also markets are open only till 3pm.