Ways To Double Your Money On Investment

Choosing an investment option for long term would provide a chance to double your money faster. Now-a-days many of the commercial, private and government banks and financial institution provide the benefit of this scheme to their account holders. This scheme is very similar to regular fixed deposit scheme except for below points. When you’re planning your investments and finances, it is imperative to consider the impact of taxation on your capital too.

More importantly, we will explain how you can combine multiple investment options to create the best investment plan for yourself. Despite knowing that patience and discipline can yield better rewards, we want to achieve all our goals in the shortest possible time. We want to earn the highest return in the shortest possible time. It is why we are always on the lookout for the best investment plans that can double or triple our money.

There are many more stocks like Bajaj Finance that have emerged as wealth creators for investors. But at the same time, there are many companies that turned out to be wealth-destroyers. Its stock prices tanked by 98-99% from their peak in January 2008.

The interested investor after providing AADHAAR card details and other information like of tenure, amount and scheme holder name and address, can open the account. In mutual funds, one can invest in sector funds like Pharma funds where one can double their money in just 3-5 years. National Savings Certificates is a fixed income investment offered by the Postal Department of India. NSCs come with a fixed interest rate and fixed tenure i.e. for 5 years and 10 years.

Invest in Gods work Lord Jesus Say, Love your Neighbor and enemy like your body . I surely give you guaranty your money will be 100 time dabble . Start with SIP and a small amount of lumpsum Mutual fund and then you can move to Portfolio management services. Along with that, you can also use NSCs as collateral security to get a loan from banks.

#3. National Savings Certificates

That simply means that the complete payment of investment along with interest would be made at the maturity date. Sire invest in Senior Citizen Savings Scheme in any Post office and you get 8.6 interest rates and the max you can park is 15 Lakh. Real Estate investment requires huge capital to invest and return depends on multiple factors like location and other infrastructure developments in nearby regions. The last 1-year return of NSE is 12.40% and in the last 2 years generated a 26.5% return. You will have to pay tax on the maturity corpus if the interest accrued is more than Rs. 10,000.

• A 3-year timeline is the most looked at to measure the long-term returns.
• KVPs are more flexible than PPF or Bonds as you can withdraw from the KVP scheme after 2 ½ years.
• It means if you are investing in FDs, you are essentially earning negative returns and eroding your wealth with time.

Low-cost carrier Go First, which has filed for voluntary insolvency, has sued Pratt & Whitney for damages in the US. One space where we had done a lot of work but we were not able to buy enough is a capital good segment. Around March-April and particularly in May, we could see signs of demand picking up and there was also a tailwind of input cost for them, particularly with metal costs going down. So yes, a few agencies have cut India’s growth targets but they are still all above 7%. In a world where countries and regions are fighting to ensure that they go into a recession, we in India are talking about whether our growth rate will be 7% or 7.5%. The customer will have to select the scheme and enter the relevant account details.

National Savings Certificates at 6.8% interest rate will take 10.5 years to double your investments. In the case of Fixed Deposits and Cash Certificates, applicable TDS will be deducted from the interest credited to operative account/ term deposit periodically. CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

You can expect to double your money in 3.5 years, however, I would recommend investing for long-term in stocks. Stock investment is the best option for persons looking for growth and building wealth. Investing in direct stocks carries higher risks but returns are high.

Q. What Are the Best Investment Options for Good Return?

Even if you are setting aside funds for use during emergencies, invest them in a 3-year investment plan with high returns. This will help multiply the money and will yield inflation-beating returns. The stock market is one such area where you can turn from billionaire to bankrupt in no time and vice versa. High risk resulting in High Rewards is the most important characteristic of investing in the stock market.

The ETF investment option was launched in the year 2002 in India as an easy way to invest in valuable metal which offer good returns on a yearly basis. Further, with NSC you get exemption from income tax as well under section 80C for up to INR 1,50,000. In addition, you are also not charged any TDS on the maturity amount received at the end of the policy term. The investor can also use NSCs to obtain loans from banks.

RBI Bonds

Interest is taxable if total interest in all SCSS accounts exceeds Rs.50,000/- in a financial year and TDS at the prescribed rate shall be deducted from the total interest paid. No TDS will be deducted if form 15 G/15H is submitted and accrued interest is not above prescribed limit. Account may be closed on expiry of 5 years from the date of opening by submitting prescribed application form with pass book at concerned Post Office. A TD account may be pledged or transferred as security, by submitting prescribed application form at concerned Post Office supported with acceptance letter from the pledgee. TD account can be closed prematurely by submitting prescribed application form with pass book at concerned Post Office.

In case of death of the Life Assured during the Policy Term, Sum Assured on Death basis the Coverage option opted, less cumulative monthly income already paid shall be payable. In any investment plan, the amount of returns depends on the time for which you stay invested in it. The longer your term, the better the returns you can expect.

Almost all funds have it and it still continues to do well because performance wise, it still continues to surprise. So all consensus is not bad unless you get really carried away as far as the valuations are concerned. Let us follow the heart and our advice would be to strike a balance between brain and heart. Do not get too carried away and also do not become too negative. And even now, it has not lost its shine as an investment option that can beat inflation. Mobile number, PAN number or Form-60/61 and Nomination are mandatory for opening of new account and in all existing account.

The Reserve Bank of India, i.e., RBI issues bonds to the public to raise money for the development of various government projects. After maturity, money is returned along with the interest generated. In these types of funds, the fund manager is actively involved. The expertise and capability of the fund manager play an important role in the performance of this fund. They choose the stocks that the fund will invest in based on research and analysis. Active funds are considered riskier than passive investment options.

If you decide to invest in residential property, you can earn regular rentals. Further, it adds to an asset and might help in saving tax as well. Also, the value of the property goes up within a few years and help you fetch quick returns. However, you would need huge capital to invest in real estate, while the return depends on varied conditions. Many people think that saving some money every month is enough to sustain them after retirement. But the fact is, your savings will cease to exist if you continue to spend them or if any sudden medical or other emergency strikes.

By preceding further to access the said website it is presumed that you have agreed to the above and also the other terms and conditions applicable. 2.Guaranteed Benefits – Provided all premiums have been paid as and when due and the policy is in-force. You can use this against taking loans up to 75% value provided you have held it for over 3 years. These can be cumulative where the interest is reinvested, and non-cumulative, where you can receive the interest as a regular income. People over the age of 55 can also apply, if they have taken VRS .

You deposit your money in the bank, which assures you a certain return on your principal investment at the end of the tenure. It is certainly one of the most popular investment options among Indians. Nevertheless, while property investments have delivered stunning returns in the past, it has its own set of risks and limitations. One of the major risks with real estate is that you may not be able to liquidate it in a short period. And in a rush to sell the property, you may have to sell at a deep discount. But they don’t concentrate your money on just 1 or 2 stocks.

However, any more significant than that, the projected value may change. Every investor may utilize it right away because it is a straightforward strategy. You may find out how many years it will take for your assets to double, for instance, by entering the annualized interest rate.

The only drawback is that you must invest in multiples of Rs. 25,000 to buy them from the government. Initially tax- free bonds were issued only in specific periods. However the Government has permitted a few state-run entities to issue these bonds amounting to Rs 40,000 crore. There is already a high demand for the PFC and NTPC tax-free bonds. The interest rate or tax-adjusted return offered by tax-free bonds is around 8.20% to 8.50% per annum, for the 2015 series, depending on the tenure. Investing in this bond can double the money in around 8 to 9 years.

• Plus, they may take longer than you think to yield the desired results.
• For example, if a bond offers 6 percent rate of interest per year, then you will double your money in 12 years.
• TD account can be closed prematurely by submitting prescribed application form with pass book at concerned Post Office.
• Also, if you want to invest and benefit from stock investments consistently, you must have a high risk appetite.
• Just drop in a mail at with a brief bio and we will get in touch with you.
• Deposits/shares in all MIS accounts opened by an individual shall not exceed Rs. 9 lakh.

Similarly, Sukanya Samriddhi Yojana will take around 9.4 years to double your money at the current interest rate of 7.6%. There are many short- and long-term options available, so it’s up to you to choose one that takes into account your future needs, and the amount of money at your disposal. But just saving is not enough, your money should grow according to your needs. By investing your savings, you can multiply the amount, all while you are busy saving some more. The terms decided at the beginning of the scheme i.e. rate of interest and period of investment cannot be modified during the tenure of the investment.

However, senior citizen can get tax exemption on the interest earned against Fixed deposits. FDs give you an annual return around 2.90% to 5.30% (0.5% to 1% higher for senior citizens). Big companies issue NCDs to accumulate long-term capital. Its a kind of taking a loan from the public and paying interest in return. Tax-Free bonds have a long-term maturity of 10 years to 20 years. To compute the exact time required to double up your money, divide 69 by the Annual Interest Rate and then add 0.35 to it.

In India, there are many low and high-risk investments options available. The best way to invest is to choose options which can help in meeting your financial goals as well as suits your risk appetite. Though high risk avenues can allow fast and greater returns, it might be a challenge with people who are risk-averse. So, depending on your risk appetite and need, you can decide to invest in the different options available. If you don’t want risks or to lose money, it is better to go with low-risk investments. This is one of India’s most popular investment options as they offer guaranteed returns.

While specific how to double the money in india plans can help you multiply your money, finding those investment products can be a tricky task. Plus, they may take longer than you think to yield the desired results. Therefore, to successfully grow your wealth, you need to align the available investment plans with your investment horizon and the risk you are willing to take.