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I am a young professional and my salary is Rs.20,000 INR. Where should i invest to get good returns?
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Miscellaneous
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Asked by Aishwarya -
1 year ago
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Best Answer:
The most risk free investment option is banks fixed deposit in this you earn return which will depend on the time period of the deposit and the interest rate at the time of deposit. In this banks give option of monthly/quarterly interest payments to match your financial requirements and if you want your money to multiply faster you can opt for compounded rate of interest. There is another banks scheme - recurring deposits in this also you save money and high interest rates applicable to term deposits along with liquidity to access that savings any time with out paying any penalty. In both the schemes you get loan/overdraft facility.
If you can overlook the risk factor on investment then you can invest in mutual funds and banks and companies equities. In both the schemes you earn high interest rate but losing of money and profit is high.
1 year ago - By Mintu
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