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What is the best way to invest 5 lakhs in India?

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What is the best way to invest 5 lakhs in India?

Now, let us take a quick understanding of each of the best investment options with high returns in India 2021 one by one:

  1. Unit Linked Insurance Plan (ULIP)
  2. Public Provident Fund (PPF)
  3. Mutual Fund.
  4. Bank Fixed Deposits.
  5. National Pension Scheme (NPS)
  6. Senior Citizen Savings Scheme.
  7. Direct Equity.
  8. Real Estate Investment.

What is the safest way to invest 500000?

15 Ways to Invest 500K Safely

  1. Pay off your debt. The easiest way to invest your money is by paying off debt.
  2. Real estate.
  3. Index funds.
  4. Start a business.
  5. High-yield savings account.
  6. Invest using a robo advisor.
  7. Invest in yourself.
  8. Annuities.
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What can I do with 5 lakhs?

20 ventures you can start with Rs 5 lakh!

Business Skills needed Break-even period
Telecom Business Consultantcy Networking 4 months
Wedding planning Creativity Depends on projects you get
Concierge services Networking, communication skills 6 months
House keeping (hotels) Man management, communication skills N.A.

How can I invest 500000 today?

Here are the top ways for you to invest your $500,000:

  1. Stock Market. If you think of long-term investment, you may invest 40-50\% of your $500,000 into the stock market.
  2. Real Estate.
  3. Investing in Gold.
  4. Cryptocurrency.
  5. Buy a Business.
  6. Open a Solo 401 (k)
  7. The Bottomline.

Can you start a business with 5 lakhs?

You can start it by taking a small room on rent or from your home and then gradually you can take it to a large scale business when required. Because of the low investment and great profit, it can be said to be the best business ideas with 5 lakhs investment.

What should I do with 1 lakhs to invest in stocks?

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Invest the 1 lakh in parts and then keep investing for 15–20 years the amount after which you’ll ha Diversification will make sure that you always have an upper hand over taxes and potential losses. So, to be begin with, invest in stocks, mutual funds and peer to peer lending in ratio of 0.5 : 1 : 3.5.

Is it safe to invest in fixed deposits in India?

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.

How much can I invest in POMIS?

You can invest amount of INR 1,500 to INR 4,50,000 in a single holding account and INR 9,00,000 in joint holding account. From April 2016, the interest rate on POMIS is 7.8\% per annum, which is payable monthly. So, this scheme is appropriate for a conservative investor.

What are the best investment options for a salaried person in India?

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Best Investment Options for a Salaried Person in India 2021 1 Public Provident Fund (PPF) 2 National Pension System (NPS) 3 Equity Linked Savings Scheme (ELSS) 4 Tax Savings Fixed Deposit 5 Unit Linked Insurance Plans (ULIPs)