What business can I start with 10 lakhs?
Best business ideas under 10 lakh
- IT or gadget store. The IT or gadget store is the best business under 10 lakh.
- Cleaning business. The next new business idea is to start a cleaning business.
- Catering business.
- Travel business.
- Online stores.
- Fitness centre.
- Spa service business.
What is a good investment return?
A good return on investment is generally considered to be about 7\% per year. This is the barometer that investors often use based off the historical average return of the S&P 500 after adjusting for inflation. It’s important for investors to have realistic expectations about what type of return they’ll see.
Which type of investment has the lowest risk?
The investment type that typically carries the least risk is a savings account. CDs, bonds, and money market accounts could be grouped in as the least risky investment types around. These financial instruments have minimal market exposure, which means they’re less affected by fluctuations than stocks or funds.
Which business is highly profitable in India?
Which business is highly profitable in India? Ans- Event Management is one of the most profitable businesses in India. It is one of the few businesses that were still operational in smaller frequencies even during the COVID-19 Pandemic.
Is it good to invest in 10 lakhs of capital?
With 10 Lac capital, you can do good investments as Financial planning is very important for the future. With planning only you can secure your life as well as your future. Without planning, there will be no stability in your life and after your retirement, there might be a chance of having no income and you totally have to be dependen
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 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.
How can I earn money from 10 lakhs in India?
With INR 10 Lakhs, you can earn a monthly Income of INR 1,10,000, starting right from the first day. This is NET earning (after deducting expenses). Salient Features of this business: Almost Passive Income – Runs in Auto-Mode. You need not be an expert in Crypto-industry to start this business.