Where can I invest 5000 per month?
Where can I invest 5000 per month?
By Balwant Jain, investment and tax expert
- You do not need big money to invest in mutual funds.
- You can invest ₹5,000 in the following schemes through monthly SIPs.
- Axis Blue Chip Fund ₹2,500.
- DSP Midcap Fund ₹2,500.
- SBI Small Cap Fund ₹2,500.
How much should I invest to get 5000 per month?
If someone begins a SIP of 5000 per month for a span of 20 years, at 12\% assumed annualized rate of return per annum, your total investment in 20 years is Rs. 12 lakh and the accumulated corpus at the end of tenure is close to Rs. 50 lakhs.
How can I make money with 5000 investments?
7 Best Ways to Invest $5,000 of Your Savings
- Consider investing in a Roth IRA. A Roth IRA is a stable, long-term account in which you pay taxes ahead of time.
- Robo-advisory services.
- Go for index funds.
- ETFs.
- Save with an online bank.
- Think about certificates of deposit (CDs)
- Money market accounts (MMAs)
How much should I invest monthly?
Most financial planners advise saving between 10\% and 15\% of your annual income. A savings goal of $500 amount a month amounts to 12\% of your income, which is considered an appropriate amount for your income level.
What can I start with 5000?
10 Small Business Ideas to Start with 5k
- Sell African beadwork ( earrings, necklaces & pendants)
- Design and sell sofa pillow cushions.
- Create Africa-themed wall hangings.
- Design and sew eco-friendly shopping bags.
- Sell eco-friendly packaging and shopping bags.
- Sell cosmetics like nail polish and lipstick.
What business can I do with 5K?
List Of Lucrative Businesses to Start in Nigeria with 5K or 10K
- London Used Cloths (OKREKA) Okreka are used clothes that are being imported from other countries.
- Pure water/bottle water business.
- Buying And Reselling.
- Noodles preparation business.
- Mini meet pie production.
- Liquid soap production.
- Daycare center business.