What’s the Best Investment Place for Your Money This Year?

People often have to take a loan for some need, they have to take a loan from someone they know. But if people start investing from planning, then in 3 years they can have a fund of 1 lakh rupees. For this, there will not be much investment required every month. There are three investment options in the country. One is a bank second post office and third mutual fund. In these three places, people start investing by making an investment plan according to their risk and need.

Best investment places to save money in 2020

If you want to create a fund of 1 lakh rupees, then you have to start investing in 2500 rupees every month in the bank. At the same time, in the post office, this investment will have to start from just Rs 2400 per month, whereas a fund of Rs 1 lakh can be created by investing Rs 2200 in a mutual fund. This investment planning in the bank will give you financial goals.

best investment plans
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1.) Bank

State Bank of India (SBI) is currently getting a 6.80% interest on RD for three years. To create a fund of 1 lakh rupees in 3 years at this interest rate, you will have to invest around 2500 rupees every month.

Bank investment plans at a glance

  • Start investing of Rs 2500 every month
  • Run this investment for 3 years
  • 6.80 percent interest will be received
  • Fund of Rs 1 lakh to be ready

2.) Post office

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At present, 7.30 percent interest is being received in post office RD or (Post Office Recurring Deposit Account) (RD). If a fund of one lakh rupees is to be prepared in three years from this interest rate, then the investor will have to deposit around 2300 rupees every month. This investment planning in the post office will give you financial goals.

Post office investment plan at a glance

  • Start investment of Rs. 2300
  • Run this investment for 3 years
  • 7.30 percent interest will be received
  • Fund of Rs 1 lakh should be ready

(Note- The RD of the post office is for 5 years, but the money can be withdrawn in the middle. But if the investment continues for 5 years, then it will get more than 1 lakh rupees)

3.) Mutual Funds

According to AK Nigam, director of the financial advisor firm BPN Fincap, mutual funds are not guaranteed returns, but in the last one year, many schemes of mutual funds have given returns of more than 15 to 20%. is. But this return cannot be considered guaranteed. Therefore, if you consider the safe side, then you can get a 12% return comfortably. Such a return can make an investment of Rs 2200 a month to Rs 1 lakh in 3 years. This investment planning in mutual funds will give you financial goals.

Mutual fund investment scheme at a glance

  • Start investment of Rs. 2200
  • Run this investment for 3 years
  • 12% of returns
  • Fund of Rs 1 lakh should be ready

Schemes of mutual funds that give good returns

  • Tata Digital India Fund Regular Plan has given 24.55% return in 1 year.
  • Aditya Birla Sun Life Global Real Estate Fund Retail Plan has given 20.10% return in 1 year.
  • Reliance US Equity Opportunities Fund has given an 18.86% return in 1 year.
  • ICICI Prudential Technology Fund has given 18.40% return in 1 year.
  • DHFL Pramerica Global Equity Opportunities Fund has given 18.19% return in 1 year.
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Conclusion:

These are some best places to save your extra income this year. Nevertheless, do consult your financial advisor before investing.

Nitin Ahirwar
Hello, my name is Nitin Ahirwar and I am a blogger. I love to know and share things related to finance. If you want an article related to such finance. So you can subscribe.

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