What is the best investment in India?

What is the best investment option in India?

Top Investment Options in India

Investment Options Period of Investment (Minimum) Risks
Mutual Funds Within a scheme like ELSS a lock-in period of 3 years Low-High
National Pension Scheme 60 years Low-High
Public Provident Fund (PPF) 15 years Nil
Bank Fixed Deposits 7 days Nil

Which is the best and safest investment in India?

Public Provident Fund (PPF)

PPF is considered one of the best option for safe and high return investments in India. … The PPF offers a high-interest rate and the interest earned on the contributed amount and the returns are tax exempted under the Income Tax.

What is the best place to invest money in 2020?

Overview: Best investments in 2021

  1. High-yield savings accounts. A high-yield online savings account pays you interest on your cash balance. …
  2. Certificates of deposit. …
  3. Government bond funds. …
  4. Short-term corporate bond funds. …
  5. Municipal bond funds. …
  6. S&P 500 index funds. …
  7. Dividend stock funds. …
  8. Nasdaq-100 index funds.

How can I double my money in 5 years?

Let’s apply Thumb rule in a reverse way, if you wish to double your money say in 5 years, then you will have to invest money at the rate of 72/5 = 14.40% p.a. to achieve your target. This means you have to invest money in those financial products that will give you a return at 14.40% per annum.

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How can I double my money?

Below are five possible ways to double your money, ranging from the low risk to the highly speculative.

  1. Get a 401(k) match. …
  2. Invest in an S&P 500 index fund. …
  3. Buy a home. …
  4. Trade cryptocurrency. …
  5. Trade options. …
  6. 10 best investments in 2021.
  7. 3 ways to know if your 401(k) is too aggressive.

How can I grow my money fast?

4 Simple Ways to Make Your Money Grow Faster

  1. Track your spending, savings, and investments. If you want to gain control of your finances quickly, you need to start with two very important things: build a budget and track your money. …
  2. Pay yourself first. …
  3. Start a side hustle. …
  4. Find a residual income stream.

How do I get rich?

To build wealth you need to have some fundamentals in place:

  1. Money mindset is everything. …
  2. Millionaires still budget. …
  3. Money management is key. …
  4. Invest your money for growth. …
  5. Build your business around your personal financial goals. …
  6. Create multiple income streams. …
  7. Don’t check out.

What are the 4 types of investments?

There are four main investment types, or asset classes, that you can choose from, each with distinct characteristics, risks and benefits.

  • Growth investments. …
  • Shares. …
  • Property. …
  • Defensive investments. …
  • Cash. …
  • Fixed interest.

What is safest investment with highest return?

You may want to keep most of your money into super safe investments, like high-yield savings accounts, CDs and US Treasury securities. But if you are looking to get better overall returns, start by investing small amounts of money in bonds, dividend-paying stocks, REITs, real estate or P2P lending.

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How can I grow my money in India?

Here’s a look at 10 investment avenues Indians look at while saving for financial goals.

  1. Direct equity. …
  2. Equity mutual funds. …
  3. Debt mutual funds. …
  4. National Pension System. …
  5. Public Provident Fund (PPF) …
  6. Bank fixed deposit (FD) …
  7. Senior Citizens’ Saving Scheme (SCSS) …
  8. Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Which share is best to buy now?

10 stocks to buy now that could make you rich

  1. Larsen & Toubro. …
  2. Dr Reddy’s. …
  3. Dr Lal Pathlabs. …
  4. Vinati Organics. …
  5. Pidilite Ltd. …
  6. Coforge. …
  7. Kotak Mahindra Bank. …
  8. HDFC Ltd.