You asked: Which is the best investment option for a person?

Which option is best for investment?

Top 10 investment options

  • 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 can I double my money in 5 years?

Double Money in 5 Years

If you want to double your money in 5 years, then you can apply the thumb rule in a reverse way. Divide the 72 by the number of years in which you want to double your money. So to double your money in 5 years you will have to invest money at the rate of 72/5 = 14.40% p.a. to achieve your target.

What should I invest in 2021?

Overview: Top long-term investments in November 2021

  • Growth stocks. In the world of stock investing, growth stocks are the Ferraris. …
  • Stock funds. …
  • Bond funds. …
  • Dividend stocks. …
  • Target-date funds. …
  • Real estate. …
  • Small-cap stocks. …
  • Robo-advisor portfolio.

Where should a beginner invest?

Best investments for beginners

  1. High-yield savings accounts. This can be one of the simplest ways to boost the return on your money above what you’re earning in a typical checking account. …
  2. Certificates of deposit (CDs) …
  3. 401(k) or another workplace retirement plan. …
  4. Mutual funds. …
  5. ETFs. …
  6. Individual stocks.
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How can I grow my money fast?

4 Simple Ways to Make Your Money Grow Faster

  1. Track your spending, savings, and investments. If you want to gain control of your finances quickly, you need to start with two very important things: build a budget and track your money. …
  2. Pay yourself first. …
  3. Start a side hustle. …
  4. Find a residual income stream.

Which investment is best and safe?

Comparison of Top Safe and Return Investments in India

Investment Return Potential Suitable for
Capital Guarantee Plan Moderate-High All
Public Provident Fund (PPF) High Risk-averse investors
Bank FDs Medium Risk-averse investors
NPS High All

What is KVP scheme?

Kisan Vikas Patra (KVP) is a savings scheme available at India Post Offices in the form of certificates. It is a fixed rate small savings scheme designed to double your investment after a predetermined period of time (124 months in the currently available issue).