Quick Answer: How Can I Invest 10 Lakhs Wisely?

How can I double my money fast?

7 Ways to Double Your Money (Fast)Open an account with a trading service such as Robinhood or Webull, which offer free stocks for opening or funding an account or for inviting friends to join.Buy IPO stock.Flip sneakers purchased on Stockx on eBay or via the Snkrs app.Sell freelance services on the Fiverr platform.More items…•.

How I can double my money?

Speculative ways to double your money may include option investing, buying on margin, or using penny stocks. The best way to double your money is to take advantage of retirement and tax-advantaged accounts offered by employers, notably 401(k)s.

What is the best short term investment?

Here are a few of the best short-term investments to consider that still offer you some return.Savings accounts. … Short-term corporate bond funds. … Short-term US government bond funds. … Money market accounts. … Certificates of deposit. … Cash management accounts. … Treasurys.

How can I invest large amounts of money wisely?

How to Invest a Lump Sum of MoneyYou’ve Inherited Money.You Sell Your Business.You Get a Bonus at Work.You Get a Pension.You Get a Legal or Insurance Claim.Pay Off Any Interest-Earning Debt.Invest the Bulk of Your Payment in a Company Retirement Plan.Stash Cash in a Health Savings Account.More items…•

What is the best investment in India?

Here is a look at the top 10 investment avenues Indians look at while saving for their financial goals.Direct equity. … Equity mutual funds. … Debt mutual funds. … National Pension System (NPS) … Public Provident Fund (PPF) … Bank fixed deposit (FD) … Senior Citizens’ Saving Scheme (SCSS) … Pradhan Mantri Vaya Vandana Yojana (PMVVY)More items…•

Which SIP is best for 5 years?

Best SIP plans for 5 year investmentFund Name3-Year SIP Returns (%)5-Year SIP Returns (%)Kotak Emerging Equities Fund (Regular)6.54%9.73%INVESCO India Financial Services Fund (Regular)14.61%16.03%SBI Focused Equity Fund (Regular)12.40%12.94%Franklin Build India Fund (Regular)4.66%8.07%8 more rows•Jan 23, 2020

Can I invest 10 lakhs in mutual funds?

On what should be the ideal investment for an investor who has Rs 10 lakh for investment; Jitendra Solanki, a SEBI registered tax and investment expert said, “If someone has Rs 10 lakh surplus amount in one’s portfolio, then he or she should go for a long-term one-time equity investment in the current market scenario …

What is the best way to invest $10000?

Below are some of my best recommendations for how to invest 10k.Stash it in a high-yield savings account. … Start or add to your emergency fund. … Try out a self-directed brokerage accounts. … If you’re a beginner, stick with mutual funds and exchange-traded funds (ETFs) … Use a robo-advisors for hands-off investing.More items…•

How can I earn 50 lakhs in 15 years?

My suggestion to you would be to direct the money into a nifty index fund like HDFC Index Fund Nifty 50 Plan and Mirae Asset Large Cap Fund. At an expected return of 12 per cent per annum, your monthly investment of Rs 10,000 would help you to create Rs 50 lakh, not accounting for income tax, in 15 years.

How much interest will I get for 10 lakhs?

Formula of Calculation of EMILoan amountInterest RateEMI per month5 Lakh8.35%Rs. 6,15910 Lakh8.50%Rs. 9,84715 Lakh8.60%Rs. 13,11220 Lakh8.70%Rs. 17,610

How can I make 10 lakhs in 5 years?

To create a corpus of Rs 10 lakh in five years, with a monthly investment of Rs 11,000, you need to invest in those schemes that generate 17 per cent returns on a compounding basis. While historically, equity schemes have delivered 17 per cent returns over the last five years, it is safe to lower the expectations.

How can I invest 5 lakhs wisely?

5 Best Options For Those Looking To Invest Upto Rs 5 LakhsShares of Coal India. This is a suggestion that may come as a little bit of a surprise. … Fixed Deposits of Mahindra and Mahindra. The fixed deposits of Mahindra and Mahindra offer a good interest rate. … IDFC First Bank. … Bajaj Finserv Fixed Deposits. … Shriram Transport Finance.

Which share is best to buy?

Our Advisor’s ChoiceStock NameQtyPriceHDFC Bank1002523.25LIC INDIA1002523.25INFY1002523.25Total

What business can I start with 5 lakhs?

BusinessSkills neededAmount you need to start (Rs)Food deliveryMarketing and sales15,000Uniform makingMan management20,000Property managementMarketing and sales50,000Telecom Business ConsultantcyNetworking50,00016 more rows•Oct 26, 2007