Even today many people try to earn money in a short period but it creates failure for many people. The main reason for this is a lack of basic understanding of where to invest your money. In this video, you will find some short-term Investment methods that will give you more return than the amount you invest in just one year.
Let’s say you have 10 lakhs now, but if you don’t need it now, you would be wrong if you think that you can get high returns on your investment in the stock market. It is true that if you invest in the stock market, you will get returns, but many people do not know how to invest and how to invest. The stock market is not the right way to get returns if you invest in the short term. Similarly, equity mutual funds may not be best for you for short-term investment. Now you can know about the best five short-term investment methods in this blog post.
- Fixed Deposit
Your money will be safe and secure when you make a fixed deposit in the bank. Apart from that they are good for short-term investment. When you invest in a fixed deposit you need to choose a good bank. Because some banks offer lower interest rates, choosing banks that offer higher interest will give you higher returns in a shorter period. As far as banks are concerned there are three types of banks namely Public, Private, and Small Finance Bank. If you are investing less than 5 lakhs you can choose a fixed deposit. Choose whichever is best for you and invest accordingly.3.
- Recurring Deposit
Recurring deposits are a great option for you if you want to deposit small amounts every month and get returns instead of inviting large sums at once. Banks like Indus Bank offer an interest rate of 7.5% to 8.25% on recurring deposits. There are no tax benefits in respect of Recurring Deposits. But Recurring deposits can be a better solution for those who want to invest for a short period.
- Debt Mutual Funds
Debt mutual fund is different from other mutual funds and it is safe for you. The money you invest in mutual funds will be used by the government for their work. You also get an interest rate on the profit you get on that investment used by the government. You can invest in Treasury bills, commercial papers, corporate bonds, government securities, etc. When you invest in these Debt Mutual Funds for one to three years, you get 7 to 8% interest. There are no tax benefits as far as Debt Mutual Funds are concerned.
- Government Securities
Government security is like a debt mutual fund where you trust the government to invest your money and give you the returns. When you invest in Treasury Best and Government Parcel you get 8 to 9% returns. With Sovereign Guarantee as far as government security is concerned, your investment will be returned to you in case of any problem. This investment has some tenure periods like 91 days, 182 days, and 364 days in treasury bills.
- Savings Account
If none of the above-mentioned methods are suitable for you then you can use this savings account investment. Many people are investing heavily in this savings account even today. Although it doesn’t get high returns, they choose it because your money is safe. In India, DCP bank gives more than 8% interest. In this bank called Vjjvan, they give interest rates above 7.5%. You can choose and invest in such banks that give high-interest rates.
All the methods mentioned here are only advice but before investing consult a good bank advisor or administrator and make the investment as you see fit. If you find this article helpful, please share it with your friends and family members.