How to invest Rs 50 lakhs to earn monthly income?

If you are looking to invest Rs.50 lakh in a way that allows you to have a monthly income, the safest option is the non-cumulative fixed deposit, which offers you the freedom of getting a monthly pay-out. This means that you can earn a considerable income on your investment every month!

What should I do with 24 lakhs of savings?

Hence, I suggest you invest the balance – Rs 24 lakh -in a fixed deposit in one of the top banks. “Assuming you earn 8\% per annum over 10 years, you could receive Rs 16,000 per month. You could sweep this interest into your savings account every month.

How to invest Rs 15 lakhs in FDS?

Invest the second tranche of about Rs 15 lakh in corporate FDs. These offer better interest rates than bank FDs, though the risks are higher. Select credible companies to invest in. These products should earn you between 8-8.5\%, with the option of monthly payout.

Is it possible to get 24\% return on investment with low risk?

So no, it is not possible to get 24\% return with low risk. you can only get 8\% return with low risk. If you want higher return, take more risk or drop the dream of 24\% returns. It is very unrealistic anyhow. The question is about investing Rs. 20 lakhs to get around 24\% return per annum with low risk.

Should you invest in something that gives 24\% returns?

If you invest in something that gives 24\% returns? If someone promises to double your money in 2 years, then he is giving you 36\% returns, which is unrealistic. Most likely it’s a scam. Stock investment is one of the most attractive investment options due to its high return potential.

What are the various avenues of short term investment plans in India?

The various avenues of short term Investment plans in India includes: Term deposits with banks – One can maintain short term deposit with bank ranging from 1 month upto 2 years. Interest rate varies from 4\% to 9\%. Recurring deposits – A fixed amount needs to be deposited in the recurring account over the agreed tenure.

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

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)