The best thing about investing is that it can be started with a very small amount. A person can start investing even with five hundred rupees per month. Those who have just started earning, they can start investing from Rs 1,000 per month according to their risk profile. If a person invests 1000 rupees in equity mutual funds every month from the age of 25, then he can easily create a fund of Rs 50 lakh before retirement at the age of 58 years. Today we are going to tell you some such investment options, in which you can start investing with just one thousand rupees per month according to your risk profile.
For those who do not like to take too much risk in investing and prefer a relatively safer investment option, the two investment options would be much better where they can start investing with a much lower amount. These are Public Provident Fund (PPF) and Recurring Deposit (RD). Let’s know about them.
Public provident fund
PPF is a much better long-term investment option for those who prefer low-risk investment options. It provides guaranteed tax free returns. The interest rate on PPF is decided by the government. PPF is offering 7.1 per cent interest rate for the July to September quarter. If you invest Rs 1,000 every month in a PPF account, then after 15 years you can create a fund of Rs 3.25 lakh. The amount invested by you in this will be 1.80 lakh rupees. At the same time, if you allow this investment to continue for 30 years, you can create a fund of 12.36 lakhs at an interest rate of 7.1 percent.
RD
In this investment option you can get a good return by depositing a certain amount every month. Most banks offer RD from their customers. There is no lock-in period in this investment option. That is, you can withdraw your money at any time. At present, the major banks of the country are paying interest of three to six percent on RDs of one to five years duration. At the same time, some small finance banks and co-operative banks are also offering 9 percent interest rate on RD. Interest earned on RD is taxable as per the tax slab of the customer.
Let us now talk about some investment options, where by taking a little risk, investing less capital can get better returns.
Investment in shares
One can build a good portfolio in the long term by investing Rs 1,000 per month in stocks. Systematic Equity Plan (SEP) can be used for this. Through this, you can invest an amount in shares of your choice every month. In this way you can create a portfolio of 20 Nifty shares by investing Rs 12,000 every year through SEP in 20 years. That way, you can get fat returns in the long run.
Investment in Equity Mutual Fund
Investment in equity mutual funds through SIP can be started from just Rs 500. If you do not even understand the stock market, then you can simply choose an ETF that tracks the Sensex or the Nifty. With this type of investment, you can easily get 10 to 12 percent CAGR returns in the long term. The same, if you can take some risk, you can also go for SIP in a diversified largecap fund.
Ajaz Yunus Patel is a cricketer born in Mumbai, India, on October 21, 1988. He…
Ajaz Patel, the skilled left-arm spinner from New Zealand, gained international attention in 2021 when…
Are you dealing with an unusual headache? It could be a cervical or cervicogenic headache.…
In a shocking development, YouTuber Praneeth Hanumanthu has become embroiled in controversy following his detention by the Telangana Cyber Security Bureau. Initially arrested for making offensive remarks during a podcast, Hanumanthu's predicament has escalated, resulting in further allegations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after he tested positive for cannabis consumption. The Context of the Detention The origins of Hanumanthu's difficulties can be linked to a podcast he hosted, which included a conversation that many considered highly unseemly. During this episode, he made inappropriate comments regarding the dynamics between a father and daughter, igniting outrage among viewers and critics alike. This incident quickly garnered the attention of both the public and law enforcement, prompting an investigation by the Telangana Cyber Security Bureau. The primary allegation centered around his remarks, which were deemed to have crossed the boundaries of acceptable discourse. This scenario raises broader inquiries about accountability and the duties of content creators, particularly in an era where online platforms can amplify messages to a large audience. As a public figure, Hanumanthu's statements carry substantial weight, and the backlash he has encountered signifies society's increasing intolerance towards harmful rhetoric. Charges Related to Substances Things took a turn for the worse for Hanumanthu when, following his arrest, authorities opted to perform a drug test. The results confirmed the presence of cannabis in his system, leading to additional allegations under the NDPS Act. This legislation is a strict law in India aimed at combating substance abuse and trafficking. By testing positive for drug use, Hanumanthu not only worsened his legal troubles but also further tarnished his reputation. The addition of drug-related charges initiates an important discourse about the effects of substance use among influencers and celebrities. Many young individuals look up to figures like Hanumanthu, and such disclosures can have significant consequences on their perceptions and behaviors. The fallout from his actions extends beyond legal issues; it also encompasses the ethical obligations that accompany public visibility. Reactions from the Public and Consequences The public’s reaction to Hanumanthu's arrest has been varied. Many viewers voiced their outrage over both his initial remarks and his later substance use. Social media has been inundated with discussions, memes, and criticisms, illustrating the swift spread of information and opinions in today’s digital environment. Critics contend that individuals like Hanumanthu should be held accountable for their influence, particularly when it concerns endorsing a healthy lifestyle and responsible behavior. On the other hand, some supporters have rallied behind him, advocating for the necessity of empathy and understanding. They highlight the pressures that accompany being a public figure, especially in a hyper-connected world where every action is scrutinized. This divide in public sentiment mirrors a broader societal conversation about celebrity culture, accountability, and the intricacies of mental health and substance use. The Wider Picture of Substance Abuse Hanumanthu's situation is also part of a larger discourse regarding drug abuse in India, especially among the youth. As discussions about mental health and substance use become more widespread, incidents like this underscore the pressing need for awareness and education about addiction and its root causes. The stigma surrounding drug use often hampers open dialogue about the topic, leaving many to endure in silence. Moreover, the legal implications of the NDPS Act spark questions about how society addresses drug-related offenses. While the act aims to deter substance abuse, critics argue that such laws can disproportionately impact certain demographics and do not tackle the underlying causes of addiction. Conversations around harm reduction, rehabilitation, and public health strategies are increasingly relevant within the framework of these laws. Prospects Ahead for Hanumanthu As Hanumanthu navigates the forthcoming legal hurdles, his future remains unpredictable. He faces possible legal repercussions for both his unsatisfactory comments and his substance use, which could greatly affect his career and personal life. The scenario serves as a cautionary example for content creators about the consequences of their expressions and actions, highlighting the need for thoughtful engagement with their audience.…
Nimrat Kaur is an Indian actress celebrated for her contributions to Hindi cinema and American…
Grey divorce refers to the increasing trend of couples aged 50 and older choosing to…