Ways to Double your Money
1)Bank Fixed Deposits :- Interest rates for fixed deposits by 0.25% to 0.50% per annum. Investing in a fixed deposit, of any bank, to double money can take around 8 to 9 years. 2)Public Provident Fund (PPF) :- Public Provident Fund or PPF is another popular and reliable investment scheme provided by the Government. In order to invest in PPF, a minimum deposit of Rs 500 per annum is required. The lock-in period for this scheme is 15 years ,The rate of return is offered at 8.75% per annum effective for that respective year of the fund. 3)Mutual Funds (MFs) :- Long term mutual funds offer 12% to 15% per annum as rate of return. Doubling money through mutual funds will take approximately 5 to 6 years. 4)Gold ETFs :- Gold Exchange Traded Funds (ETFs), This offer 22% rate of return annually. Though highly volatile, depending on the stock market, gold ETFs offer 22% CAGR during the tenure of 5 years, which means the money invested will be doubled in 3 to 4 years. 5)Stock Mar...
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