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Begin these 7 duties to grow to be wealthy immediately! Stress free for all times. Enterprise – Information in Hindi – jj

Begin these 7 duties to grow to be wealthy immediately! Stress free for all times. Enterprise – Information in Hindi


new Delhi. To become rich, it is not necessary that your salary is too much or you always do profitable business. One can also be made rich with less salary and some savings. For this, it is important that you invest money at the right place and right time. However, there are only a few people who are able to choose the right path of financial planning. That is why, we are telling you about good financial planning in the new year.

The big financial experts of the country tell that before investing the sweat of blood, one must know the requirements of every month, age, salary, risk profile and investment plan.

If you save 3200 rupees every month and you get a return on this amount at the rate of 10 percent, then after 30 years you will have around 72 lakh 94 thousand rupees. Therefore, instead of keeping the savings in the salary account, keep it in another savings account. Invest that money in different places.

Various easy schemes of post office and banks are its easiest and safe option. Along with this, stock markets, mutual funds, PPF, insurance and LIC are good return options.Today we are telling you about 7 such options, where you can become rich by investing.

(1) Stock Market The stock market continues to boom. Sensex and Nifty are constantly touching new heights in this boom. But in the market boom, retail investors often complain that they missed making money in the market rally.

Now the question arises, which strategy can the general investor make money with less risk? However, if you talk about guaranteed returns, there is no guarantee of returns in the stock market. But if you choose the right investment, then in a very short time, your money can grow faster than other asset classes.

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Whenever investing in equity, keep in mind that instead of putting money in one place, your investment should be diversified. This reduces the risk.

If you are an aggressive investor, then the stock market can be a better option. It is necessary to open a demat account.

It is considered the most difficult to earn money in the stock market, but a person has made a big net worth of 10 thousand crores with a capital of Rs 5000. This is Rakesh Jhunjhunwala, popularly known as Indian Warren Buffett.

Rakesh Jhunjhunwala works on By Right and Hold Tight Theory. They often say that one should invest in business and not in a company. Also, be happy with your profit, but accept the loss with a smile. Read the market properly and know the history.

Porinju Veliyath of Equity Intelligence India, who has given an annual rate of 33 per cent in the last 12 years. It is clear that in 2002, if we had invested Rs 10 lakh, then today they would have had Rs 3 crore.

This is the reason that Forbes has included Porinju in the list of Wealth Wizards. Porinju bought shares of Balkrishna Paper in the last quarter. His stake in the company has increased from 1.02 per cent to 1.06 per cent. At the same time, they have reduced the stake in IZMO from 1.23 per cent to 1.18 per cent.

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(2) Mutual Funds

The stock market boom attracts every investor. But the risk of the stock market increases their nervousness.

In such a situation, investing in mutual funds can be a good option for investors. Experts say that the money of mutual funds also appears in the market itself, but in this, this work does a knowledge for you, which reduces the risk of the market.

In the current era, Mutual Fund is a better and safer option to increase wealth. Through mutual funds, investors get the opportunity to invest in different equity or asset classes.

This makes the portfolio of investors diversified. Investment in mutual funds is done under the supervision of a skilled fund manager, hence the risk is low. Equity, debt and hybrid consists of 3 segments.

To choose the right mutual fund, first of all you have to decide what is the purpose of your investment, how much you can invest and how long you can stay in it.

If you have to invest for a year or two, then there will be separate mutual funds for that. If you have to invest for 5, 7, 10 years or even longer, then there will be other mutual funds for that.

This means that the choice of the right mutual fund depends on what your investment period is. For example, if you are investing for a short period, then you can choose debt funds or liquid funds. On the other hand, if you are investing for a long period, then equity mutual funds will be right for you.

Government guaranteed profit scheme

If you find investing in the stock market and mutual funds risky, then you can take advantage of small savings schemes of the government.

(3) Post Office Monthly Income Scheme (POMIS)

The post office monthly income scheme is a better investment option, which gives a chance to earn monthly income. In this, returns are guaranteed, where your money increases according to a fixed interest. It is getting interest at 7.6 percent per annum. In this, a person can invest from 1500 to 4.5 lakh rupees, while the limit of investment under JOINT account is 9 lakh rupees.

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(4) National Pension System (NPS)

The National Pension System is being managed by the Pension Fund Regulatory and Development Authority (PFRDA). It is a better option for retirement planning, where one can arrange monthly pension through investment, while lump sum fund is also available. Here, your investment is invested in FDs, equities, corporate bonds, government funds and liquid funds. One can also avail tax exemption under Section 80C of Income Tax by investing in it.

(5) Public Provident Fund (PPF)

PPF is one of the most popular means of investment in India. PPF account can be opened in bank or post office. The maturity period in this is 15 years. This account can be opened from Rs 500 and a maximum of Rs 1.5 lakh can be deposited in a financial year. It can be further extended for 5-5 years. PPF account is currently getting interest at 7.9 percent per annum.

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(6) FD-Fixed Deposit

Bank fixed deposits are a very popular medium of investment in India. FD account can be opened in any bank or post office. There is an option to invest from 7 days to 10 years. In this, your money gets deposited at a fixed interest. It is kept in low risk investment category, where the risk is very low. Most banks are offering interest between 6% -8% on a 5-year FD.

(7) Gold investment

Keep at least 5 percent of the portfolio in gold. Gold prices rose 22 percent in 2019 due to trade war and many changes between the US and China. However, due to the improvement in the trade war between the US and China, gold prices have also decreased recently. But due to many more fundamental reasons, gold is expected to remain fast.

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