Money makes money. If you want to make more money then you should know how to invest your money for maximum returns. You just could not spend money and expect to raise your savings. In order to raise your savings you need to know ways investing your money.Every penny that you earn needs to be saved for your future. In this article, I tell you how to invest your 1 lakh rupees for better returns. It does not matter if the amount is more than Rs 100,000, like Rs 500,000 or Rs 1000,000. All the points are very simple and you don’t have to be a financial expert to understand them.
1 Mid-cap, Multi-cap Mutual Fund.
The first best way to invest 1 Lakh for the good returns is Midcap or Multi-cap Mutual Funds. Investment in these type of mutual funds is a risky affair and may not be suitable for everyone. If your risk appetite permits you, you can plan to invest in these funds via SIP route.
You can expect 12-18% return from these type of Mutual Funds.
Consult a Certified Financial Planner near you before taking any investment plan because it’s important to first judge your requirement & then select best suitable investment.
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2 ELSS.
If you have not exhausted your 80 C limit, the best way to invest 1 Lakh rupees for you is ELSS. ELSS is one of the most popular tax-saving investment options. ELSS gives dual benefits you can enjoy capital appreciation along with tax saving. However, ELSS comes with 3 years lock in period. You will not able to redeem ELSS fund till 3 years.
ELSS can give returns in the range of 10-12%.
3 Balance Fund.
Balance Fund is next investment option where you can plan to invest 1 Lakh rupee. Balance mutual fund is the best investment option for the investor who is looking for safety and moderate returns. Balance fund follows the principal of balancing they divide the funds and invest in equity and debt both. So, you can enjoy best of both worlds by investing in balance mutual funds.
Balance Mutual Funds can generate a return in the range of 10-13%.
4 Equity.
Equity investment is one of the best ways to invest 1 lakh rupees. Investment in equity can bring ultra-high returns. However, investment in equity is very risky and you may end up losing money also. So it is high risk, high return game.
This investment option is best suited for the aggressive investor. Stock selection and timing are most important creation for investment. Stock market investment requires extreme care and enough knowledge.
Public Provident Fund (PPF) is one of the best tax saving investment options for the long-term perspective. PPF provide slow steady and secure return. You can open PPF account at any bank. Tenure of PPF account is 15 years and that can be extended for 5 years more. The current Interest rate applicable to PPF account is 8.1% (From 1st April 2016 to 30th June 2016).
6 Sukanaya Samriddhi Scheme.
Sukanya Samriddhi Scheme is saving scheme for the girl child by the government. You can open Sukanya Samriddhi Account at any bank or post office. Tenure of SSA account is 21 years from the date of opening. You need to deposit money in this account for 14 years. This account can be open on girl child name. Age of girl child should be less than 10 years. The current Interest rate applicable on SSA account is 8.6%.
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