Best ways to Grow your Money

Think If I am having 1L rupees with me, and I am keeping it in locker and lock it, when I am taking the money after 10 years from the locker the count of the money will be same as a 1L, but the value of the money will be decreased (Real Value may be: 50 thousand after 10 years). Which is named as “Inflation”. When we are having our money with us the number will be same, but the value will be deceased, so only many people will say us to invest in correct ways, For this, today many ways are available to invest money to grow, now we are going to see the Investing Ways that are available for us to grow our money.

Let’s see the ways of investing money from the “Low Risk” to “High Risk”. From this article you can get to know the ways that are available to invest money and grow, this is only for Education purpose not a Financial Advice because I am not an Expert, when you are going to invest Your money think for multiple times and then invest, and check details, it is Just for an Education Purpose only.  

Low Risk   

Fixed Deposit :

The Basic Way to grow your money is “Fixed Deposit”, Because this is fully trusted one and can be invested in Bank, and you will get the fixed income from this, now the fixed interest is approximately from 5.2% to 5.5% they are providing to the Customers. Investing a lump of amount in Fixed Deposit is also possible. I am investing the 1L money in bank on fixed deposit, there is time limit like 1month or 1year, If I am putting 1 year, then for the 1year with an interest of 5.5%, they will ask you whether you're getting the interest on Monthly basis or getting the interest after completion of 1year, you can choose your own limit period. The advantage in this comes under “Low Risk”, you won’t worry about investing the money, you can get the money in Monthly or Completion of Period that you have chosen, and the investment will also be given back to your account with the Interest safely. 

Recurring Deposit :

This deposit also comes under “Low Risk” and the returns will also be Low, this deposit is available in Bank. Who will be using this or Who can use this means, the people who want to save the money with low risk, investing less amount Monthly for future usage, like 1year or 2year, the amount to be returned without any risk and for this any small interested is provided means that is okay, I want my money back without any risk means this will preferable for them. For Example, If you're saving the amount to buy a Laptop or phone in a box at home means the money you put will be the same as the money you get this will not grow, but When you are investing or saving the money in RD, investing less amount monthly for a fixed time period, after the time period completion they will return the total amount you have saved and the interest for that amount will also be return to you. Now you have saved your money at the same time, and you have grown your money. All these are safe low risk and at the same time the returns will also be low.

There is an Advantage in Fixed deposit and Recurring Deposit, In these two you can get back the money when ever you want by cancel the deposit, and the amount what you have invested will be returned and the same time if any interest is available for that, will also be return to you without any Deduction. 

Low Risk With High Returns, 

Public Provident Fund :

Low Risk with High Returns means PPF, Means Public Provident Fund, this also available in Many Banks. For a Person single account only can be opened, this will be suitable for the people want high returns with low risk. In this you can not put for the short term like 1 year or 2 year, you have to put for long term like Minimum of 15 years, and you can extend like Five, Five Years. For Example; you are put 10,000 Rupees for 15 years 1,50,000 you will be saving and returns for PPF if you close after 15 years means Rs.2,71,214 (with Interest of 7.1%) the amount will be high, if you continue for next 5 years means  instead of 15 years you are put for 20 years then saving Rs.2,00,000 in 20 years and your returns will be Rs.4,43,886 (with interest of 7.1%) it will be like double the amount from the 15 years Approximately, if you extend to 25 years means you will get Rs,6,87,201. What happens means when you’re going for a long term then your invest grow at the same time your compounding will also grow and the returns will also be high.

Whatever I am saying, for this all Calculator are available in free at online you can go and check.

PPF is the best option, but there should not any requirement of amount you invest in PPF for a short term. The Tax can be tallied for the amount you invest in PPF and after the 15 years or 20 years when you are getting the amount with an interest you reduce Tax for that Amount. So, People’s mostly using this Method.  

Bonds :

Bonds which mean debts Bonds, sometimes the government will also provide this for the companies, when buying from the government this is also trusted, and they will provide a fixed interest, this will provide you higher returns than the FD you can get the amount in Monthly or Yearly basis has you like. This also comes under “Low risk”.  

Gold :

We All Know about this “Gold” When comes as an investment means the amount you spend should only for the gold not any other. There are many ways to buy gold in online, the best form of investment is gold, but don’t invest the whole amount in gold, invest some in gold and some in other ways.   

Real Estate :

We need to invest a bulk amount of money to buy a Land or House, If you have an amount then invest because from this you will get rent for the house and over the period of time, the rate of the land will also increase, this is also the best way of investment.   

High Risk with High Returns 

High risk will give you high returns and at the same it will also give zero returns, so only this High risk.  

Share Or Stack Market :

Without any knowledge involving in this will give you zero returns, maybe you can get for one time or two time, but definitely you will get zero returns. Get the knowledge about the company and invest. Then there is a chance of becoming a Millionaire. When you’re buying the shares check all the details of the company and get the knowledge whether the company will grow or not, they buy the share. This comes under high risk and High returns go with knowledge to sustain.

If you think you don’t have knowledge on share market but want to invest, then you can go for Mutual Fund.    

Mutual Fund :

Mutual Fund is also having moderate to high risk is available. What they will do in mutual fund means, there will be a Fund Manager, you will not directly invest your amount in share Market instead, the fund manager will invest your amount that you have given, he will invest the amount in all the investment ways that are available. And the returns will be given to you with deduction of some amount as a fee. How this is having Moderate to High risk, there is a chance of Moderate to High returns. Most of the people are preferred, this because there will be a consistent return, but before going to this check and verify get some knowledge then invest.

This is not only the best options to grow the money there are many ways to grow your money, this is to get you know there are some ways to grow your money and this is only for an Education Purpose.