Your question: How can I double 1000 rupees?

The rule says that dividing 72 by expected annual return will give you a time when your money will get double. Imagine, if you invest Rs 1,000 and the expected annual return is 10 per cent then the money will get double in 72/10 =7.2 years.

How can I grow my 1000 rupees?

If you think far ahead, this small amount of money will get you huge returns down the line when compounding interest is applied to it.

  1. Plan and set right expectations. …
  2. Emergency Fund. …
  3. Investing Rs. …
  4. Buying Mutual Funds for 1000. …
  5. Investing Rs. …
  6. 1000 Rupees in Fixed or Recurring deposit. …
  7. Other places you can invest 1000 in.

How can I double my money fast?

How to Double your Money in a Day

  1. Invest in Stocks.
  2. Invest in Retirement Accounts.
  3. Invest in Cryptocurrency.
  4. Invest in Real Estate.
  5. Invest in Small Businesses.
  6. Day Trade Stocks.
  7. Open a High Yield Savings Account.
  8. Start Flipping.
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Can I invest 1000 ₹ and make it increase?

You can start investing with as little amount as Rs 1,000.

Further, you can increase the investment amount in the future when you have increased your savings. By following this strategy, you can utilize the time efficiently to learn the stock market so that you will be prepared when you invest a big amount in future.

How can I double my 500 rupees?

Turn your Rs 500 into lakhs! Know these 5 amazing how to become rich options

  1. 1-Mutual Fund. Anybody can invest in Mutual Funds. …
  2. 2- PPF. PPF or Public Provident Fund is one of the most popular small savings investment instrument. …
  3. 3- SSY. …
  4. 4- NSC. …
  5. See Zee Business Live TV Streaming Below: …
  6. 5- Post office savings account.

How can I make 1000 a day?

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  1. Also Read: 8 Best Virtual Assistant Companies in India (2020)
  2. Also Read: 10 Best Blue Chip Companies Of India.
  3. 1) Fiverr.
  4. 2) Upwork.
  5. 3) Freelancer.com.
  6. 4) Clickworker.
  7. 5) PeoplePerHour.
  8. Recommended: 30 Ways To Earn Extra Income From Home In India.

Can we invest 10 Rs in share?

On Indian stock exchanges, the stocks can trade at any price between Rs 1 to 10,000 or above. If you wish, you can buy stocks even with share price of Rs 10 or lesser.

How can I invest 1000?

7 Best Ways to Invest $1,000

  1. Start (or add to) a savings account. …
  2. Invest in a 401(k) …
  3. Invest in an IRA. …
  4. Open a taxable brokerage account. …
  5. Invest in ETFs. …
  6. Use a robo-advisor. …
  7. Invest in stocks. …
  8. 13 Steps to Investing Foolishly.
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How can I double my money in 24 hours?

Here are some options to double your money:

  1. Tax-free Bonds. Initially tax- free bonds were issued only in specific periods. …
  2. Kisan Vikas Patra (KVP) …
  3. Corporate Deposits/Non-Convertible Debentures (NCD) …
  4. National Savings Certificates. …
  5. Bank Fixed Deposits. …
  6. Public Provident Fund (PPF) …
  7. Mutual Funds (MFs) …
  8. Gold ETFs.

How can I grow my money?

Let’s dive into the best tips to show you how to make your money grow!

  1. Set up an emergency fund. Before you even begin to think about how to grow your money, you need to think about your savings. …
  2. Establish financial goals. …
  3. Change your mindset. …
  4. Set and stick to a budget. …
  5. Pay off your debt. …
  6. Earn more. …
  7. Invest, invest, invest!

Which SIP is best for 1000 per month?

Best SIP Plans For 1,000 Per Month

Fund Name Fund Type Risk Profile
SBI Flexicap Fund SIP Equity Fund Very High Risk
Mirae Asset Tax Saver Fund SIP ELSS Fund Moderately High Risk
Aditya Birla Sun Life Digital India Fund SIP Equity Fund Very High Risk
Kotak Opportunities Fund SIP Equity Fund Very High Risk

Which company is best for SIP?

Best SIP Plans for the Year 2022

Fund Name Monthly Investment 1 Year Returns
HDFC Balance Advantage Fund 5000 55.65%
ICICI Prudential Bluechip Fund 5000 59.24%
Kotak Standard Multicap Fund 5000 48.94%
Motilal Oswal Focused 25 Fund 5000 40.77%

Is it compulsory to pay SIP every month?

You do not need to worry about timing the market when investing via SIP. In SIP, you invest a small amount of money every month. In some months, the price will be high while in some months, the price will be low. If you consider the long term, the price you pay will be an average of high and low.

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Where can I invest 1000 Rs to earn more?

5 best ways to start investing with just Rs 1000 per month

  1. Stocks. Yes, you can invest in stocks and create a good portfolio even if you start with Rs 1000 every month. …
  2. Mutual Funds. …
  3. Public Provident Fund. …
  4. Recurring Term Deposits. …
  5. National Savings Certificate.

How can I double my money in my bank account?

The principle is simple. Divide 72 by the annual rate of return to figure how long it will take to double your money. For example, if you earn an 8 percent annual return, it will take about 9 years to double. So the higher the return, the faster you can double your money.

How can I double my money without risk?

Here are five ways to double your money.

  1. 401(k) match. If your employer offers a match for your 401(k) contributions, this can be the easiest and most guaranteed way to double your money. …
  2. Savings bonds. …
  3. Invest in real estate. …
  4. Start a business. …
  5. Let compound interest work its magic.