What Can I Do With 5 Lakh Rupees?

Which is best monthly income scheme?

Best Monthly Income Schemes for 2020Monthly Income PlansEntry Age (Minimum to Maximum)PNB MetLife Monthly Income Plan-10 Pay18 years to 55 yearsPramerica Life Family Income Plan18 years to 55 yearsReliance Life Increasing Income Insurance Plan14 years to 60 yearsSBI Smart Money Planner18 years to 60 years17 more rows.

What is the best way to invest 5 lakhs in India?

5 Best Options For Those Looking To Invest Upto Rs 5 LakhsShares of Coal India. This is a suggestion that may come as a little bit of a surprise. … Fixed Deposits of Mahindra and Mahindra. The fixed deposits of Mahindra and Mahindra offer a good interest rate. … IDFC First Bank. … Bajaj Finserv Fixed Deposits. … Shriram Transport Finance.

What business can I start with 10 lakhs in India?

Here is a list of the top ten small manufacturing business that can be started under 10 lakhs and has a lucrative future:Packing boxes and cartons. … Tissue paper. … Jute bags. … Customized T-shirt printing. … Scented sticks. … Packaged drinking water. … Cell phone cases. … Towels.More items…•

What business I can start with 1 lakh?

20 Business Ideas Under Rs 1 LakhFood Truck. Most easiest and profitable business to start is food truck. … Food Catering Business. … Tiffin Distribution Service. … Tea Stall, Snack Joint and Fruit Juice Kiosk. … Milk and Vegetable Distribution Business. … Tailoring and Laundering Business. … Newspaper Distribution. … Florist Shop.More items…

What can I do with 2 lakh rupees?

5 Best Investment Plans in India 2020 Between Rs 1 – 2 LakhsPublic Provident Fund. The Public Provident Fund or PPF is a kind of investment tool which helps individuals to save their hard-earned money for over 15 years. … National Savings Certificates (VIII Issue) Account. … Fixed Deposits in Banks. … Mutual Funds. … National Savings Time Deposit Account.

Which SIP is best for 5 years?

Best SIP plans for 5 year investmentFund Name3-Year SIP Returns (%)5-Year SIP Returns (%)Kotak Emerging Equities Fund (Regular)6.54%9.73%INVESCO India Financial Services Fund (Regular)14.61%16.03%SBI Focused Equity Fund (Regular)12.40%12.94%Franklin Build India Fund (Regular)4.66%8.07%8 more rows•Jan 23, 2020

What is Monthly Income Scheme in Post Office?

The Post Office Monthly Income Scheme (MIS) is a low-risk investment scheme offering steady income and, hence, is suited for conservative investors and senior citizens. It is one of the small savings investment schemes wherein you can start investing with a minimal amount of Rs 1000.

How can I invest 10 lakhs wisely?

10 things to do with 10 lakhsEmergency funds. Life is dynamic. … Short-term funds. These funds primarily invest in debt funds and have a maturity period of 1-3 years. … ELSS funds. ELSS funds are Equity Linked Savings Scheme. … High growth funds. … Its all about gold. … Mediclaim. … Term Insurance policy. … 10.Retirement planning.

What business can I start with 25 lakhs?

A few Profitable Business Ideas under 50 lakhsEDUCATION TOURISM. Education Tourism is a highly niche and best investment business idea. … TAKING UP FRANCHISES OF CERTAIN BRANDS. … RAYMOND RETAIL SHOWROOM. … CONSTRUCTION BUSINESS. … CHEMICALS TRADING. … NAMKEEN FACTORY. … TECHNOLOGY-BASED STARTUPS. … SETTING UP A SMALL RESTAURANT.More items…•

Is 1 lakh a good salary?

1 lakh is not a small amount of money but it entirely depends on your lifestyle. If you try to live a high end lifestyle, spending more than 80% of your income living that life, then 1 lakh will seem less. … Money is always relative be it in case of salary or luxury.

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.

What business can I start with 2 lakhs in India?

3 Small-Scale Business Ideas Under ₹2 LakhsCab Business. These days ola/uber has become the most preferred option for commuting daily to the office or to any event. … Event Management and Catering. … Maintenance Services. … Mobile Accessories and Stationery Shop.

What business can I start with 2 lakhs?

Ideas for Startups under 2 LakhsHousekeeping and Cleaning Services. … Accountancy Services. … Mobile / Computer Servicing and Repair Services. … Trip Planner. … Content writing agency. … Android App Development. … 3 Best Strategies that Increase Your eCommerce Business Sales. … 10 Best Famous Fintech Startups in India (2020)

What is the cheapest franchise to start?

12 Best Low-Cost Franchises for Aspiring Business OwnersStratus Building Solutions. … SuperGlass Windshield Repair. … Mosquito Squad. … Pillar to Post Home Inspectors. … Property Management Inc. … Soccer Shots. Franchise Fee: $34,500. … Dream Vacations. Franchise Fee: $495 to $9,800. … Lil’ Kickers. Franchise Fee: $15,000.More items…•

What are the most successful small businesses?

Most Profitable Small Businesses in 2020Personal Wellness. … Courses in Other Hobbies. … Bookkeeping and Accounting. … Consulting. … Graphic Design. … Social Media Management. … Marketing Copywriter. … Virtual Assistant Services. Finally, last on our list of the most profitable small businesses: virtual assistant services.More items…•

Who is the No 1 business in India?

ET 500 CompaniesRankCompany Name2019201812Reliance Industries Ltd.21Indian Oil Corporation Ltd.33Oil And Natural Gas Corporation Ltd.7 more rows

What are 4 types of investments?

There are four main investment types, or asset classes, that you can choose from, each with distinct characteristics, risks and benefits.Growth investments. … Shares. … Property. … Defensive investments. … Cash. … Fixed interest.

How can I earn monthly income in India?

How to Get Monthly Income from Investment in India?Mutual Funds with Monthly Income Plans (MIP’s) … Monthly Income Fixed Deposits Schemes. … Pradhan Mantri Vaya Vandana Yojana (PMVVY) … Post Office Senior Citizen Savings Scheme (SCSS) … Stocks That Pays Dividend. … Importance of Monthly Income-Generating Schemes.

What business can I start with 5 lakhs?

BusinessSkills neededAmount you need to start (Rs)Food deliveryMarketing and sales15,000Uniform makingMan management20,000Property managementMarketing and sales50,000Telecom Business ConsultantcyNetworking50,00016 more rows•Oct 26, 2007

How can I earn 50 lakhs in 15 years?

My suggestion to you would be to direct the money into a nifty index fund like HDFC Index Fund Nifty 50 Plan and Mirae Asset Large Cap Fund. At an expected return of 12 per cent per annum, your monthly investment of Rs 10,000 would help you to create Rs 50 lakh, not accounting for income tax, in 15 years.

Is LIC better than sip?

LIC, SIP and mutual funds – the bottom line Advise them to, first, aim for financial security by investing in a life insurance plan and then they can plan their investments. … If, however, they want to invest in mutual funds, SIPs are the best way to go about it.