What can I do with 2 lakh rupees?

What business can I start with 2 lakhs?

Business Ideas Under 2 Lakh

  • Start a Car Driving School. Starting a car driving school is profitable and always in demand business. …
  • E-Rickshaw business (Battery Rickshaw) …
  • Start a Fast Food Restaurant. …
  • Tea / Coffee Stall. …
  • Bakery Shop. …
  • Selling Mobile Phone Accessories Online. …
  • Jute Bags Business. …
  • Start Seasonal Business.

What can I do with 2 lakhs?

20 Business Ideas That You Can Start Under 2 Lakhs Investment

  1. Start a Small Scale Manufacturing Business. …
  2. Start a Mobile Phone Accessories Shop. …
  3. Start a Bakery Business. …
  4. Become a Real Estate Agent. …
  5. Electrical Equipment Repair Shop. …
  6. Open a Take Away Restaurant. …
  7. Start Packers and Movers Business. …
  8. Become a Party Organiser.

What can I do with 5 lakh rupees?

What is the best way to invest Rs 5 Lakh in India?

  • Fixed deposit: …
  • Post Office Monthly Income Scheme (POMIS): …
  • Mutual funds: …
  • Equity markets: …
  • Real estate:

How can I make 2 lakhs fast?

Below is the list of few activities that can make you earn ₹ 2 lakhs per month without even an academic degrees.

  1. Become a mobile app developer.
  2. Become a freelancer/consultant.
  3. Online selling (through Amazon or your own website) – People nowadays sell stuff through even WhatsApp.
  4. Become a blogger.
  5. Start your Youtube channel.
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What business can I start with 3 lakhs?

Five Businesses Under 2 to 3 Lakhs

  • Start Papad Manufacturing Unit.
  • Start Light Engineering Unit.
  • Curry & Rice Powder Business.
  • Do Business of Wooden Furniture.
  • Start a Computer Assembling Business.

How I can double my money?

The principle is simple. Divide 72 by the annual rate of return to figure how long it will take to double your money. For example, if you earn an 8 percent annual return, it will take about 9 years to double. So the higher the return, the faster you can double your money.

How can I invest in 2 lakhs?

5 Best Investment Plans in India 2020 Between Rs 1 – 2 Lakhs

  1. Public Provident Fund. …
  2. National Savings Certificates (VIII Issue) Account. …
  3. Fixed Deposits in Banks. …
  4. Mutual Funds. …
  5. National Savings Time Deposit Account.

How can I invest 3 lakhs?

Let’s take a look at the Best short term investment options to invest in 2020.

  1. Recurring Deposits.
  2. Money Market Account.
  3. Debt Instrument.
  4. Bank Fixed Deposits.
  5. Post-office Time Deposits.
  6. Large Cap Mutual Funds.
  7. Corporate deposits.

How can I save 5 lakhs in a year?

If you want to earn 5 lakhs according to the 15 percent return, then you will have to invest around 30 lakh rupees in the stock market. If investing in the stock market looks risky, then you can opt for mutual funds. All mutual funds give an average annual return of 10–12 per cent.

How can I make 50 lakhs in 5 years?

How Can You make Rs. 50 lakh in 5 years?

  1. 1.HDFC Small Cap Fund.
  2. 2.L&T Emerging Businesses Fund.
  3. Parag Parikh Long Term Equity Fund.
  4. Mirae Asset India Equity Fund.
  5. The Moderate Investor.
  6. 1.Invesco India Contra Fund.
  7. Axis Focused 25 Fund.
  8. 3.Principal Focused Multicap Growth Fund.
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What can I do with 10 lakh rupees?

10 things to do with 10 lakhs

  • Emergency funds. Life is dynamic. …
  • Short-term funds. These funds primarily invest in debt funds and have a maturity period of 1-3 years. …
  • ELSS funds. ELSS funds are Equity Linked Savings Scheme. …
  • High growth funds. …
  • Its all about gold. …
  • Mediclaim. …
  • Term Insurance policy. …
  • 10.Retirement planning.

How much interest will 5 lakhs earn?

How much monthly income: At the current interest rate of simple interest of 7.3 per cent, on a principal amount of Rs 5 lakh, the total interest comes to Rs 1,82,500, which yields Rs 3,041 as the monthly interest amount.

How can I get 1 lakh rupees fast?

1 lakh personal loan from Bajaj Finserv:

  1. Fill the application form with your personal and financial details.
  2. Decide on a loan amount and repayment tenor to get instant approval.
  3. Submit all the necessary documents to the Bajaj Finserv representative.
  4. Get money in your bank account within 24 hours of approval.

How can I get 20 lakhs in 3 years?

You will have to invest around Rs 50,000 per month to generate Rs 20 lakh at the end of 36 months, assuming pre-tax return of 7%. However, if you can extend your investment horizon by a few of years, then you may opt for a mix of a large-cap and hybrid aggressive fund (earlier known as balanced funds).

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