Quick Answer: What Can I Do With 10 Lakhs?

What can we do with 1 lakh?

10 Best ways to Invest 1 Lakh for good returns1 Mid-cap, Multi-cap Mutual Fund.

The first best way to invest 1 Lakh for the good returns is Midcap or Multi-cap Mutual Funds.

2 ELSS.

3 Balance Fund.

4 FMP or Debt Fund.

5 Equity.

6 Public Provident Funds.

7 Sukanaya Samriddhi Scheme.

8 Bank Fixed Deposit & Tax Saver Deposit.More items…•.

Which car is best for middle class?

Renault Kwid. Renault Kwid | Middle-Class Family Cars. … Maruti Suzuki WagonR. Maruti Suzuki WagonR | Middle-Class Family Cars. … Hyundai Santro. Third Generation Hyundai Santro | Middle-Class Family Cars. … Maruti Suzuki Ignis. … Hyundai Grand i10 Nios. … Maruti Suzuki Baleno. … Ford Figo. … Tata Altroz.More items…•

How can I make 10 lakhs in 5 years?

To create a corpus of Rs 10 lakh in five years, with a monthly investment of Rs 11,000, you need to invest in those schemes that generate 17 per cent returns on a compounding basis. While historically, equity schemes have delivered 17 per cent returns over the last five years, it is safe to lower the expectations.

How can I make 15 lakhs in 3 years?

For example, assuming an annual return of 6.5 per cent, you should invest around Rs 37,650 every month to create a corpus of Rs 15 lakh in three years. Assuming an annual return of 8 per cent, you need to invest around Rs 36,750 for the next 36 months to create your target corpus.

How can I invest 5 lakhs wisely?

5 Best Options For Those Looking To Invest Upto Rs 5 LakhsFixed Deposits of Mahindra and Mahindra. The fixed deposits of Mahindra and Mahindra offer a good interest rate. … IDFC First Bank. IDFC First Bank offers an interest rate of 8 per cent on its 1 year deposit. … Bajaj Finserv Fixed Deposits. … Shriram Transport Finance.

Which car is better under 10 lakhs?

Top 5 Cars Under 10 LakhModelPrice in New DelhiHyundai i20Rs. 6.79 – 11.32 Lakh*Kia SonetRs. 6.71 – 12.99 Lakh*Tata AltrozRs. 5.44 – 8.95 Lakh*Kia SeltosRs. 9.89 – 17.34 Lakh*1 more row

Can I invest 10 lakhs in mutual funds?

On what should be the ideal investment for an investor who has Rs 10 lakh for investment; Jitendra Solanki, a SEBI registered tax and investment expert said, “If someone has Rs 10 lakh surplus amount in one’s portfolio, then he or she should go for a long-term one-time equity investment in the current market scenario …

Which is the best family car in India?

Best Family Cars in India under 5 lakhTata Tiago. Let us start the list with one of the most impressive family offerings from Tata, the Tiago. … Maruti Suzuki Alto 800. … Maruti Suzuki Celerio. … Renault Triber. … Datsun GO+

How can I earn 1000 rupees in one day?

Blogging is the best way to earn more than 1000 rupees per day from home. You can earn as much as you are willing to work hard. Many other bloggers are earning 5000 per day to 10000 per day in India. If you also want to start a successful blog, you can start now.

What is better SIP or lump sum?

The answer to this question depends on the stock market conditions. During upward trends, the lump sum mode of mutual fund investment tends to give relatively higher returns whereas during falling markets, investments made via a SIP generally provides better returns than a lump sum investment.

What business can I start with 10 lakhs in India?

To keep you ahead of others, here’s the list of few profitable business ideas under ₹10 lakhs in India:Gadget Stores. … Cleaning Business. … Catering Services. … Delivery Services. … Travel-Holiday Planner. … Online Store. … Dog Breeder. … Online Advertisements.More items…•

How can I save 1 lakh in a year?

Reaching your Savings Goals Once you decide on a savings goal for your rainy day fund, plan to save an equal amount of money every month. For example, if you plan to save Rs. 1 lakh by the end of the year, all you need to do is save Rs. 8000 per month to reach your goal.

What can I do with 5 lakhs?

What is the best way to invest Rs 5 Lakh in India?Fixed deposit: For low risk investment a fixed deposit in Indian Banks or NBFCs is very good and safe option for investment which offers you anywhere between 6-9% interest per annum, depending on institute and scheme. … Post Office Monthly Income Scheme (POMIS): … Mutual funds: … Equity markets: … Real estate:

How can I invest 10 lakhs in Quora?

PPF, EPF, Corporate bonds, will yield anywhere between 6 – 9% on an average investment over a 15 year period. Liquid funds, fixed deposits, debentures, government bonds will yield a post tax return of 6.5% on an average holding period of 3 – 5 years. First, start investing in PPF for the maximum limit of Rs.

How can I invest 10 lakhs wisely?

Have you invested your ₹10 lakhs in these 10 ways?10 things to do with 10 lakhs. 1.Emergency funds. 2.Short-term funds. ELSS funds. 4.High growth funds. Its all about gold. 7.Mediclaim. 8.Term Insurance policy. Pay off your high-cost debt. 10.Retirement planning.Conclusion.