I have 15 lakh. Where do i invest for good returns and multiplying my money
I need reliable investment options with less risk
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Laxmi chit fund
I have been trading in the market for the past 3 years now if you want to learn and then do it then just let me know i can suggest some resources. But again you will have to do the hard work and trust me it will pay off big time and i am not talking about actively trading you can do it passively and still can compound your money at a rate you would never imagine. But again it's a lot of hard work.
I just read 1 of your comments that you dont want to invest in the stock market but if you are open to the idea i mean just look into it i am not suggesting you to invest just look into what i am going to suggest with an open mind :)
I am curious about this. Please enlighten a bit more on how / what to do for compounded gains in trading
I don't want to invest in share market or mutual funds. I want to invest in other options. Don't want to hold myself into market trap. Other reliable investment options
Okay then you should go for debt funds. They are not risky and right now they are able to give 8% return if you can find best funds as interest rate peak has came.
Your return can go upto 12-13% in debt funds if you hold for 2-3 years
Open account into 3-4 small finance Banks, who are offering good FD interest of 8.5+%. Distribute your 15 lakh among those 3-4, making sure to keep it at max 4.5 lakhs in one. Upto 5 lakhs is RBI ensured, so you can go for any small Banking, or NBFCs. I tried it too, but those small Banks just don’t let me open bank account easily (they took detail online and will call back, God knows when).
Sounds to me u don’t want anything market linked. Then go for FD
Have heard Laxmi Chit Fund is pretty good, not sure if they are still around
Bharatpe's 12% Club.
I have kept 10lakh in this from past 1 year. Getting daily interest of 328
Risky choice, I know so many people whose account has been frozen without a proper reason. Their customer support sucks as well
Start buying IT bees or PSU bank bees for long term investment it's more safe than stocks and the returns you'll get over 5 to 10 years time frame would be unimaginable
you literally sound like Erlich bachman, Turn your profits into losses, and enjoy vacay in Hawaii.
Gold or Government bonds?
Invest in PPF 1.5L Tax free 7.1% return
Invest in Post office Savings 2L
Invest 5L in Liquid Fund - and do STP of 25K every month which you can invest in NIFTYBEES staggered 3-4 times
Buy gold bonds worth 5L
Rest of it - invest in a good foreign trip. Experiences are worth investing, they help your mind expand and find better ways of dealing with life.