Earn Money: Do you know investing 1000 rupees every month can also secure your future. You can create a fund of lakhs by this. Let us know where you can invest money.
Investing in an investment plan is a good habit, provided it is invested in the right place at the right time. Experts say that it would be better to invest money where you get double benefit. That is, with more profit (Earn Money) there should also be tax savings. We are telling about some such investment options where you can invest your salary. Let us know where you can invest money. Also Read: RBI imposes Rs 1 crore on penalty this bank, will it affect the customers?
1. Invest in the stock of companies
You can make your portfolio good by investing 1000 rupees every month in the stock of different companies in the stock market. Although, in such a small amount you will not be able to invest in expensive stocks of big companies, but there are many companies which are growing well and their share price is less than Rs 1000. You can earn good profits by buying shares of such companies. But do research thoroughly before buying any company’s stock. Also Read: Good news: Now you will get ‘guaranteed return’ under NPS, know what is the preparation
2. Investment in Mutual Funds
You can also invest a minimum of Rs 500 every month in Mutual Funds. Investors can choose mutual fund schemes according to their financial goals. The advantage of investing in a direct plan of mutual funds is that you do not have to pay commission. Hence your returns in long term investments increase a lot. One can invest through SIP or in equity mutual funds, debt mutual funds or hybrid mutual fund schemes. Also Read: RBI Approved: This Bank got the biggest approval till now, there will be a direct impact on crores of customers
3. Public Provident Fund
Investing in Public Provident Fund (PPF) has the least risk. There is no risk of losing money in this. At present, interest is paid on PPF at the rate of 7.1% per annum and the government also gives tax benefit of up to 1.5 lakhs on investment in PPF under Section 80C of Income Tax. Its lock period is 15 years. For 15 years, if you deposit Rs 1000 every month in PPF, then the total deposit amount becomes 1,80,000, but in return you will get Rs 3,25,457. Also Read: Good News to Jandhan Account Holders: You can check jandhan balance via missed call, check how details here-
4. Recurring Term Deposit
Recurring deposit (RD) is a type of term deposit that encourages the habit of regular savings among investors. A minimum of Rs 100 can be invested in RD account every month. Its maximum maturity is of 10 years. In this, customers get interest from 3% to 9%.
5. National Savings Certificate
National Savings Certificate (NSC) is a small savings scheme, in which you can invest any amount from Rs 100 to Rs. At present, it is getting 6.8 percent annual interest. You can buy it from the post office or any bank. On investing in this, a tax benefit of Rs 1.5 lakh is available annually under section 80C of Income Tax. If you invest Rs 1000 every month in NSC for five years, then in a year it accumulates Rs 12,000, but after five years the same amount becomes Rs 16,674.
