Where can I invest my money for 1 year?
Where can I invest my money for 1 year?
Best Investment plan for 1 year
- Fixed Deposit. A bank fixed deposit (FD) is a secure preference for making an investment for a year.
- Fixed Maturity Plans. A fixed maturity plan (FMP) is a close-ended debt mutual fund.
- Arbitrage Mutual Fund.
- Post Office Deposits.
- Recurring Deposits.
- Debt Funds.
How can I double my money in 2 years?
Here are some options to double your money:
- Tax-free Bonds. Initially tax- free bonds were issued only in specific periods.
- Kisan Vikas Patra (KVP)
- Corporate Deposits/Non-Convertible Debentures (NCD)
- National Savings Certificates.
- Bank Fixed Deposits.
- Public Provident Fund (PPF)
- Mutual Funds (MFs)
- Gold ETFs.
Which is best plan for investment?
Best Investment Plan for 3 Year
| 3 Years Investment Plans | Ideal for |
|---|---|
| Fixed Maturity Plan | Same as FDs with 3 years lock-in period |
| Savings Account | Suitable for investors, looking for liquidity (4\%-7\% returns) |
| Arbitrage Funds | Suitable for investors, looking for more than 1-year investment. Offers 8\% interest |
| Liquid Fund |
Can I earn monthly income by investing?
Post Office Monthly Income Scheme (POMIS) is an investment offered by India Post. It is an excellent investment option for risk-averse investors who are looking for constant regular income as it enjoys government-backing.
What should I do with 24 lakhs of savings?
Hence, I suggest you invest the balance – Rs 24 lakh -in a fixed deposit in one of the top banks. “Assuming you earn 8\% per annum over 10 years, you could receive Rs 16,000 per month. You could sweep this interest into your savings account every month.
Should I invest Rs 24 lakh in equities or fixed deposits?
While your long investment horizon should make equities an attractive option, the ‘monthly income’ requirement restricts your ability to absorb market fluctuations. Hence, I suggest you invest the balance – Rs 24 lakh -in a fixed deposit in one of the top banks.
How can I buy 4 cars with 40 lakhs in savings?
Out of 40 lakhs in savings you have, use 20 lakhs to buy 4 cars which can be attached to any of the service such as ola/uber/airport travel. You need to get permissions as well for the same.
How much should I invest in mutual funds?
Currently, you are investing 20\% of your combined money in mutual funds. It would be wise to increase this amount to 40-50\%. This is because long-term investments in equity can yield much higher returns, to the tune of 12-15\% annually, and downplay the effects of inflation on your corpus.