Have you just secured Rs 50,000 to make some good investment to get a higher ROI? If yes, you may ask your friends and relatives where you can invest 50000 rupees in India. But now, you are no longer required to look here and there to get these crucial tips. After doing significant research, I will share the top investment ideas you should prefer under this investment segment.
In this blog, you will learn about the short-term and intelligent investment options which can give higher ROI, so let’s start looking at each option.
Use Peer To Peer Lending System
It is one of the suitable short-term investment options available for the small investor willing to invest around Rs50,000 for 2 to 3 years. It is based on the social lending concept where the group of money lenders funds their borrowers with the help of crowdfunding. If you use Peer to Peer Lending to utilize your 50,000 rupees, you can quickly get an 18% to 20% good return within 18 to 36 months. It is a good investment option available in this segment because it can beat any good class of equity shares.
Start Investing in Mutual Funds
Mutual funds are also one of the best options available for short-term investment plans and starting with a small budget. It is a less risky investment model that suits the middle class or new investor because highly experienced experts and managers manage it. You can buy one of their SIP for a lump sum amount; generally, you can have one SIP for Rs5000. It means you can have 10SIPs to make your best short-term investment plan.
Look For Debt Funds
If you want to spend your hard-earned money in a more secure place, you can also go for debt mutual funds. In this, you get a fixed rate of return over the fixed period you choose to keep your money for investment purposes. If you can keep your money for 1 to 3 years, then you can use this investment option. However, it is not entirely risk-free but still a more secure option.
Invest in Fixed Deposits
If you are a retired professional willing to utilize your money for a specific purpose. Then you can use the bank’s fixed deposit scheme, which can be from 1 year to 5 years. You can earn 6% to 8% interest on your investment which is a fair deal and secure. These days fixed deposits are becoming one of the most famous investment schemes and attracting many small investors. Here are some of the top banks that provide higher ROI to their customers.
IDFC is a complete commercial bank, and it offers 7.50% interest on fixed deposits for 366 days. It is one of the highest interest rates that other commercial banks are offering these days. It is a listed commercial bank in the stock market and offers compound interest every quarter. Therefore your earnings will be higher; you should make your fixed deposit plan for one year because the longer tenures offer low interest.
Suryoday Small Finance Bank
Suryoday Small Finance Bank has also been granted a license from RBI. It provides an 8.75% interest rate on fixed deposits and requires tenure from 2 years to 3 years. The deposit for a fixed deposit scheme should not exceed one crore rupee, so if you are looking for one of the best deals with the FD scheme, you should go here. Even though it offered 7.5% interest on its saving accounts and earned interest income is exempt up to Rs10,000. So, it is also the best short-term investment option for tax-saving purposes.
Ujjivan Financial FDs
Ujjivan Financial FDs provide one of the highest rates of interest on its FD schemes. Because by investing your money in this bank you can get 8% interest. It is a financial bank and regulated by the Reserve Bank of India or RBI itself. And you can consider this bank if you can leave your money for two years to net interest income. Also, it is one of the leading finance lending banks with over 7786 employees in India and has over Rs 40.88 billion assets. If you do not have any tax liability, this bank can be a great option as you will get a decent rate of return on your investment.
Use Equity Linked Savings Schemes
Equity Linked Savings Schemes are also suitable investment options if you have Rs50,000 to invest somewhere. It is a kind of mutual fund which requires you to keep an investment amount there for three years. The best thing about this deposit scheme is that you can claim a tax deduction under 80C. You can use ELSS, where you invest in debt and equity mutual funds, which can help you earn around 16.5% return.
Invest In Insurance Schemes
Investing in good term plans is also a great option to secure life and get a good return. So, by avoiding traditional life insurance covers, you can also look for floater health insurance plans of Rs5,000 to Rs10,000 annually, which can cover 50 lakh rupees’ returns. And the rest money you can invest in a debt plan for two years to cover the return and maximize your earnings. Therefore, you can make an excellent deal with your small investment budget by taking a good health insurance plan.
Invest In Coal India
Whether you are a small or a mid-level investor, you may know that Coal India’s shares offer around 7% return as a dividend. So, if you are also willing to invest in the share market on a good share, you can go for Coal India’s share. Its shares are highly similar to NDMC, and it is a debt-free company that can give good results to its investors. You can invest your Rs50,000 for one year or longer to get an attractive dividend from the company.
So, in this post, you learned about effective options for the small or mid-level investor to invest Rs50,000. However, these options are also suitable if you have a bit higher investment budget. Along with this, if you are willing to build your investment habit, then you can start by selecting one of these options. So, I hope now you will not ask Where To Invest 50000 Rupees In India as you know this now.