How to multiply your funds and plan your Savings

Almost everyone wants to quickly double their money. People are always looking for the best investment that can double their money as soon as feasible. There are various scams that allow you to double your money in a short amount of time. Hence it is important to not carry away with scams such as ponzy schemes, which assure best returns.

Below are the best possible ways to plan your money.

1. Kisan Vikas Patra (KVP) was reformed in 2015-16, and according to new laws, a PAN card is required to make a cash investment of Rs 50,000 in the Kisan Vikas Patra scheme. The interest rate on Kisan Vikas Patra (KVP) may fluctuate from time to time, depending on the Finance Ministry's pronouncements. The current interest rate on KVP is approx below 8% per year, which means your money will double in around 9 years. Kisan Vikas Patra is fully taxable or does not fall under section 80C of the Income Tax Act.

2. Real estate is also a type investment where many people believes. Actually, the best time to buy a real estate property is when the sector is down. It is expected to get the high returns in quick time. It is important for investors to study the area in which they buy a property, and master plan of that area.

3. Non-convertible debentures and corporate deposits are offered at higher interest rates by financial companies (NBFCs) and corporations than fixed deposits by banks. Based on ICRA ratings and deposit tenure, the rate of return for these deposits is set between 8% and 11%. In this method, it will take approximately 8-9 years for the money to double. Corporations issue corporate deposits, while companies, including NBFCs, issue NCDs.

4. The Indian Postal Department issues NSCs (National Saving Certificates). If you don't have a high investing appetite, it is one of the safest investment options. These certificates offer a fixed rate of interest and a fixed term of 5 or 10 years. The rate of interest offered on NSCs with a 5-year duration is 8% every year. NSCs are tax-free up to Rs 1,50,000 per year under Section 80C of the Income Tax Act. Investing in NSC has the potential to double your money in approx. 9 years.

5. Mutual funds are risky since the fund managers invest a pooled amount of money in many firms or sectors. However, when compared to other investment tools, the rate of return on MFs is higher. On average, long-term mutual funds give a rate of return of 12 percent to 15 percent per year. As a result, doubling money through mutual funds will take 7-8 years, depending on market risk and volatility. Mutual funds are linked in various schemes and divulge in various sectors to make it assured returns, since the funds are professionally managed, it is expected a better return in good time.

6. Many investors believe in stock market to invest, they study the corporate balance sheet and historic data and periodically accumulate stocks in their demat account. Smart investors diversify their portfolio in such a way that the returns are approx 15-20% in 5 years time. They also have an important arm to hedge or safeguard their investment portfolio with the use Future and Options. 

Above ways to invest is safe, however, by no way, we recommend you to invest anywhere. Investment are subject to market risks, hence before investing, consult with your professional manager and you are the final one to decide as money is yours. This blog is only for educational purpose.