With the proper use of savings, you can definitely fulfill your dreams. There are many such plans of investment, which give you a chance to become rich even in small amounts.
How to become crorepati: Everyone wants to become a millionaire by earning money. But the saying goes that money only draws money. Therefore, if you really want to become rich, then you have to manage your money in this way, bring the money kept in your vault or house by earning money yourself. Because the savings you make by working hard all day cannot be made rich. Yes, with the right use of savings, you can definitely fulfill your dreams.
There are many ways and ways to invest money. Market experts of Zee Business bring that easy and safe way for you to invest money, by adopting which you can earn money from your money and risk will also be less.
Money Making Tips
It is not that you will need a lot of money to make money. You can also collect a sizeable amount from a regular investment of just 500 rupees. There are many such investment plans (money making ideas), which give you a chance to become rich even in small amounts. Here, along with staying safe, you also get better returns. You have got 5 best investment options, where you can earn good by applying 500 rupees.
Invest in Mutual Funds for just 500 rupees (Mutual Funds Investment)
At this time the highest returns are coming from mutual funds. Anyone can invest in mutual funds. Here you can start investing with just 500 rupees. Mutual funds can easily get 10–12 per cent returns. You can also increase investment in it according to your needs. You can also invest in mutual funds online.
Returns in PPF, also tax savings (PPF account)
Public Provident Fund (PPF) is a better option for long-term investment. Here also you can invest 500 rupees every month. Currently, compounding interest of 7.1 per cent is being earned on investment here. In PPF, you can deposit a maximum of 1.5 lakh rupees in a year. The advantage of investing in PPF account is that here your money is completely safe and you also get the benefit of income tax rebate. The interest received from this is also tax free.
Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana)
The central government has started Sukanya Samriddhi Yojana for the future of girls. The money invested in it is completely safe. Sukanya Samriddhi Yojana also offers the benefit of tax exemption on investment. The interest is calculated on a compound basis, which gives a slightly higher return. Here you can invest at least 1000 rupees and maximum 1.5 lakh rupees in a year.
National Savings Letter (NSC interest rate 2021)
National Savings Certificates is a popular scheme. This scheme is run by the post office. You get a certificate on investing in NSE. You can buy this certificate for 100, 500, 1000 and 5000 rupees. The investment period of NSC is 5 years and at this time interest is being paid at the rate of 6.8 percent. You also get exemption under Section 80C of Income Tax on investment in NSC.
Post Office Saving Schemes
You can also open a savings account in the post office for higher returns in less savings. In this, you get interest at the rate of 4 percent. Apart from this, your money is also safe. If you get an interest of up to 10 thousand rupees in the post office, then it is tax free. Here also you can open an account for 500 rupees.
