How can I earn 50 lakhs in 5 years?

50 lakh in 5 years? – Groww….

1. Parag Parikh Long Term Equity Fund.
2. Mirae Asset India Equity Fund.
3. Axis Focused 25 Fund.
4. Axis Bluechip Fund.
5. ICICI Prudential Bluechip Fund.
6. ICICI Prudential Nifty Next 50 Index Fund.
7. Franklin India Low Duration Fund.
8. Franklin India Ultra-Short Bond Fund.

How can I get monthly income?

Table of contents

1. Mutual Funds with Monthly Income Plans (MIP’s)
2. Savings Account that pays high Interest.
3. Stocks that pay Dividends.
4. Bank Fixed Deposits.
5. Real Estate Property.
6. Monthly Income Schemes of Post Offices in India.

What is monthly income plan?

A monthly income plan (MIP) is a type of mutual fund strategy that invests primarily in debt and equity securities with a mandate of producing cash flows and preserving capital. An MIP aims to provide a steady stream of income in the form of dividend and interest payments.

How do you earn monthly income?

What is the best way to increase money?

We have come up with 8 of the best ways one can grow his money to its full potential.

1. Say No to Debt.
2. Be Consistent in your Investment.
3. Don’t Put All Your Eggs in One Basket.
4. Switch Investments as Your Priority Changes.
5. Start Early.
6. Invest Smartly.
7. Put Your Fear Aside.
8. Get Expert Advice How to Grow Your Money.

How can you increase income without working more foolproof?

20 How-To’s Of Making Extra Money To Boost Your Income

1. Ask For Extra Tasks In Your Workplace.
2. Work Overtime.
3. Apply As A Temporary Employee.
4. Tutor or Mentor.
5. Share Your Opinions.
6. Invest In Your Cooking Skills.
7. Sell Your Mobile Phone.
8. Extra Income For Your “Craftsy” Side.

What is a monthly income plan?

A monthly income plan (MIP) is a type of mutual fund strategy that invests primarily in debt and equity securities with a mandate of producing cash flows and preserving capital. Therefore, it is typically attractive to retired persons or senior citizens who do not have other substantial sources of monthly income.