Question: What Can I Do With 10 Lakhs?

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 ….

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 10 lakhs in Quora?

A precise one if you dont need that 10Lakh for more than 5 years.Immediately move that 10Lakh to LIQUID FUNDS. (it gives you compounding returns 6% to 10% ). … Consult a right financial advisor and choose best 5 EQUITY Mutual funds(For tax savings choose ELSS). Start SIP of Rs.1000/2000/5000/10000.

Where can I invest lumpsum in India?

Top 5 Lump sum Large Cap Equity Mutual FundsCanara Robeco Bluechip Equity Fund GrowthNAV₹28.63 ↑ 0.09 (0.32 %)Min Investment5,0003 MO (%)6.66 MO (%)23.215 more rows•Oct 20, 2020

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

What business can I start with 2 lakhs?

Ideas for Startups under 2 LakhsHousekeeping and Cleaning Services. … Accountancy Services. … Mobile / Computer Servicing and Repair Services. … Trip Planner. … Content writing agency. … Android App Development. … 3 Best Strategies that Increase Your eCommerce Business Sales. … 10 Best Famous Fintech Startups in India (2020)

How can I make 15 lakhs in 3 years?

For example, assuming an annual return of 6.5 per cent, you should invest around Rs 37,650 every month to create a corpus of Rs 15 lakh in three years. Assuming an annual return of 8 per cent, you need to invest around Rs 36,750 for the next 36 months to create your target corpus.

What can we do with 1 lakh?

10 Best ways to Invest 1 Lakh for good returns1 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. … 2 ELSS. … 3 Balance Fund. … 4 FMP or Debt Fund. … 5 Equity. … 6 Public Provident Funds. … 7 Sukanaya Samriddhi Scheme. … 8 Bank Fixed Deposit & Tax Saver Deposit.More items…•

How can I invest 10 lakhs wisely?

Have you invested your ₹10 lakhs in these 10 ways?10 things to do with 10 lakhs. 1.Emergency funds. 2.Short-term funds. ELSS funds. 4.High growth funds. Its all about gold. 7.Mediclaim. 8.Term Insurance policy. Pay off your high-cost debt. 10.Retirement planning.Conclusion.

What can I do with 5 lakhs?

What is the best way to invest Rs 5 Lakh in India?Fixed deposit: For low risk investment a fixed deposit in Indian Banks or NBFCs is very good and safe option for investment which offers you anywhere between 6-9% interest per annum, depending on institute and scheme. … Post Office Monthly Income Scheme (POMIS): … Mutual funds: … Equity markets: … Real estate:

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 can I earn monthly income in India?

How to Get Monthly Income from Investment in India?Mutual Funds with Monthly Income Plans (MIP’s) … Monthly Income Fixed Deposits Schemes. … Pradhan Mantri Vaya Vandana Yojana (PMVVY) … Post Office Senior Citizen Savings Scheme (SCSS) … Stocks That Pays Dividend. … Importance of Monthly Income-Generating Schemes.

Where can I invest in 5 lakhs?

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.

Can I get 50 lakhs loan?

50 Lakh loan also becomes convenient with the flexibility of tenor. A salaried individual can opt for a tenure ranging between 2 and 20 years, depending on his/her repayment capacity. For a self-employed individual, the maximum available tenure is 18 years. Choose your repayment period as per your suitability.

How can I save 1 lakh in a year?

Reaching your Savings Goals Once you decide on a savings goal for your rainy day fund, plan to save an equal amount of money every month. For example, if you plan to save Rs. 1 lakh by the end of the year, all you need to do is save Rs. 8000 per month to reach your goal.

How can I earn 50 lakhs in 5 years?

How Can You make Rs. 50 lakh in 5 years?1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•

What business can I start with 10 lakhs in India?

Here is a list of the top ten small manufacturing business that can be started under 10 lakhs and has a lucrative future:Packing boxes and cartons. … Tissue paper. … Jute bags. … Customized T-shirt printing. … Scented sticks. … Packaged drinking water. … Cell phone cases. … Towels.More items…•

What can I do with 2 lakh rupees?

5 Best Investment Plans in India 2020 Between Rs 1 – 2 LakhsPublic Provident Fund. The Public Provident Fund or PPF is a kind of investment tool which helps individuals to save their hard-earned money for over 15 years. … National Savings Certificates (VIII Issue) Account. … Fixed Deposits in Banks. … Mutual Funds. … National Savings Time Deposit Account.