Table of Contents
How can I earn monthly income?
Table of contents
- Mutual Funds with Monthly Income Plans (MIP’s)
- Savings Account that pays high Interest.
- Stocks that pay Dividends.
- Bank Fixed Deposits.
- Real Estate Property.
- Monthly Income Schemes of Post Offices in India.
How can I become rich after 12th?
We bring before you a list of few courses which you may pursue after Class 12, so as to obtain high salaried jobs.
- Chartered Accountancy:
- Bachelor’s degree in Fashion Designing:
- Bachelor of Laws:
- BSc in Mechanical or Marine Engineering:
- BCS or MS in Computer Science:
- Pilot training school:
Which is best monthly income scheme?
6 Best Monthly Income Schemes In India
- Fixed Deposit. Undoubtedly one of the best and most low-risk income schemes is a bank Fixed Deposit (FD).
- Post Office Monthly Income Scheme (POMIS)
- Long-term Government Bond.
- Corporate Deposits.
- SWP from Mutual Funds.
- Senior Citizen Saving Scheme.
How to invest Rs 1 crore in 20 years?
Choice is yours. If you invest Rs. 13,060 per month in instruments returning 10\% annually, you will have Rs. 1 crore in 20 years. Playing with the variables a little bit: if your return expectations can be increased to 12\% annually, your monthly investment needs to be Rs. 10,000.
How much tax will I pay if I invest Rs 90 lakhs?
The interest income from these products will be taxed according to the slab rate applicable to you. If you do not have any other taxable income, then investing Rs 90 lakh in these products will earn you a monthly income of Rs 50,000.
How can I reach my target of 1 crore in 20 years?
Invest in Equity Mutual Funds (Direct Plans) on monthly basis using SIP for 20 Years you should again reach your goal with some monitoring. Invest into Good Stocks on monthly basis for 20 years. There are multiple more ways to reach the target of 1 CR in 20 Years.
What is terminal value of INR 5000 investment?
The first investment of INR 5,000 will be invested for 300 full months at the rate of 15 per cent. So at the end of 300 months, the value of this investment will be INR 164,595. This is called the terminal value of your investment.