Where can I invest 3 lakhs for short term?
Let’s take a look at the Best short term investment options to invest in 2021.
- Recurring Deposits.
- Money Market Account.
- Debt Instrument.
- Bank Fixed Deposits.
- Post-office Time Deposits.
- Large Cap Mutual Funds.
- Corporate deposits.
Is it better to invest weekly or monthly?
Most investors prefer monthly investment due to salaries coming once a month. Monthly investments are also more convenient, as weekly investments would result in many entries, making it difficult for you to keep track of them. Both are good ways to invest and you should choose whichever one suits you.
How can I earn 10K from 3 lakhs in India?
All the best Simple answer – 10k is very difficult from 3 lakhs. 4.5k is possible from Mutual funds and P2P lender sites. I prefer 2nd one as mutual funds are for long term (5+ years). I have INR 10 lakhs and I want to have a monthly income.
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.
What are the high returning investment vehicles in India?
My piece of advice: ‘Don’t kid yourself’. High returning investment vehicles are 1. Real estate 2. Equities and both are long term investments. Think about it. You can try small business like small restaurants or shops. If you are from metro cities you can start small restaurant and make more than Rs.10k per month.