Spicy Articles: How to grow your money in India

Thursday, 27 August 2015

How to grow your money in India

Many people want to be rich and to become rich you need to have more money.
One possible option is to grow the money that you possess.
Here is the list of popular ways to grow your money in India.

Fixed deposits in any of the banks (9%). This option is considered as the most safest option. You get around 9% returns on your investments. So if you invest 10 lacs today as a fixed deposit, next year you will get approximately 11 lacs and that's certainly going to happen. There is no risk involved in this option unless bank goes bankrupt which is a rare scenario.
Mutual funds - 10-30% - Mutual funds can also give you good returns and they are less riskier as compared to the stocks. Downside is that Mutual funds invest in stock markets, so if stock market remains choppy for 1 year, you may end up in 0% returns or even incur loss if fund performs really bad.
Forex - 10-30% - Forex is also another option that could help you grow your money. In this option, We buy certain amount of foreign currency and then sell it later on when the value of currency appreciates. You need to do a lot of research of foreign currencies in this method. Also there is risk of no return or even loss.
Stocks - (10-30%) - This is the most risky investment option. But at the same time, you can become rich very quickly if you are lucky. Say for example you invest in Tata Motors stock today and tomorrow company declares very impressive results resulting in spike in share price. Along with the share price, your money will also grow. If stock price appreciates by 10%, your returns will be 10% in 2 days times. Just compare this returns with the ones you might have got had you invested in Fixed Deposits. You will have to wait for 1 year to get same returns in fixed deposits. But reverse case is also possible. If some bad news comes related to Tata Motors, you might lose your money.
Property - 10-30% - This option has been historically very popular among people. The population is growing but land is not. So the demand for land is growing day by day in cities as well as villages. We have seen sudden spikes in property rates in certain Indian cities due massive and rapid urbanization. I have never heard property prices going down in my life. It might happen but it's a very rare scenario.
Residential project - 100% - Investing in land is one thing and cashing in on your open plot is another. If you buy plot and develop it into residential or commercial building, you could double your money very quickly.