Talking of work / with just an investment of Rs 1000 you can become wealthy, here are the best options if you want to get more interest

Talking of work / with just an investment of Rs 1000 you can become wealthy, here are the best options if you want to get more interest

Money Making Tips: Investing means not only securing capital but also trying to increase it. Your future can be secured by investing Rs.500 or Rs.1000 per month.

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Investment

Investing in stocks of companies

You can improve your portfolio by investing Rs.1000 per month in stocks of different companies in the stock market. However, you may not be able to invest in expensive shares of large companies for such a small amount, but there are many companies that are doing good growth and their share price is less than Rs.1000.

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 You can make a good profit by buying shares of such companies. But before buying any company's stock, do enough research and buy the stock for the purpose you want to sell it after 7 to 10 years. So buy shares of a company that is fundamentally strong.

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Investment

Investing in mutual funds:

You can also invest a minimum of Rs 500 per month in a mutual fund. Mutual fund companies collect money from investors and they invest it in the shares of companies. For those who do not know much about investing in the stock market, mutual funds are a good option to invest. Investors can choose a mutual fund plan according to their financial goals. The advantage of investing in a mutual fund direct plan is that you do not have to pay a commission. Therefore, long-term investment increases your return a lot. You can invest in it through SIP. If you want, you can invest in equity mutual funds, debt mutual funds or hybrid mutual funds.

pf

Public Provident Fund:

The lowest risk is to invest in a public provident fund (PPF). There is no risk of money sinking. PPF currently earns interest at the rate of 7.1% per annum and the government also offers a tax benefit of up to Rs 1.5 lakh for investing in PPF under Section 80C of the Income Tax Act. His lock period is 15 years. If you deposit Rs.1000 per month in PPF for 15 years, the total deposit is Rs.1,80,000, but in return you will get Rs.3,25,457. Apart from this, the tax benefit will be available separately.

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Investment

National Savings Certificate:

The National Savings Certificate (NSC) is a small savings plan in which you can invest any amount above Rs. At the moment, it is earning 6.8 per cent interest. You can buy it from the post office or any bank. By investing in it, you get an annual tax benefit of Rs 1.5 lakh under Section 80C of the Income Tax Act. If you invest Rs.1000 per month in NSC for five years, then in one year it accumulates Rs.12,000, but after five years the same amount becomes Rs.16,674.