What can I do with 5 lakhs?
What is the best way to invest Rs 5 Lakh in India?
- Fixed deposit:
- Post Office Monthly Income Scheme (POMIS):
- Mutual funds:
- Equity markets:
- Real estate:
How do I invest my money to make profit?
Here is a look at the 10 investment avenues Indians look at while saving for financial goals.
- Direct equity.
- Equity mutual funds.
- Debt mutual funds.
- National Pension System.
- Public Provident Fund (PPF)
- Bank fixed deposit (FD)
- Senior Citizens’ Saving Scheme (SCSS)
- Pradhan Mantri Vaya Vandana Yojana (PMVVY)
How much interest will 5 lakhs earn?
Likewise, for an investment of Rs 20 Lakhs, you will get Rs….Monthly Payout.
| Investment amount | Monthly interest | Cumulative interest for 5 years |
|---|---|---|
| 1 lakh | Rs. 526 | Rs. 37,009 |
| 5 lakh | Rs.2,629 | Rs. 185,043 |
| 10 lakh | Rs.5,258 | Rs.3,70,087 |
| 15 lakh | Rs. 7,887 | Rs.5,55,130 |
Where can I invest 5 Lacs?
5 Best Options For Those Looking To Invest Upto Rs 5 Lakhs
- Fixed 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.
What is the monthly interest on 5 lakh in SBI?
State Bank of India FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.3\% | For 5 years with interest of 5.4\% |
|---|---|---|
| ₹ 1 lakh | ₹130267 | ₹130917 |
| ₹ 2 lakh | ₹260534 | ₹261834 |
| ₹ 5 lakh | ₹651335 | ₹654586 |
| ₹ 10 lakh | ₹1302671 | ₹1309171 |
How much is the monthly interest on Rs 5 lakhs?
How much monthly income: At an interest rate of 7 per cent, on a principal amount of Rs 5 lakh, the total interest comes to Rs 1,73,983, which yields Rs 2,900 as the monthly interest amount.
What can I do with 25 lakhs to start a business?
Being an entrepreneur means taking risks. It will be a big risk, but you have 25 Lakhs. You can start your business. Say you will need ₹15 Lakhs to start your restaurant. Then you have ₹10 Lakhs free in your hand. If you can live on ₹30,000 per month, then you can invest this 10 Lakhs in a liquid fund.
How much can I invest in POMIS?
You can invest amount of INR 1,500 to INR 4,50,000 in a single holding account and INR 9,00,000 in joint holding account. From April 2016, the interest rate on POMIS is 7.8\% per annum, which is payable monthly. So, this scheme is appropriate for a conservative investor.
What is the best way to invest a lump sum amount?
Consider some of the options for investing lump-sum amount in best way: 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.