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8 min read
Updated on Dec 26, 2023
Most of the instruments of investment offering high returns come with a certain amount of risk. Based on the profiles of each investment tool, investors make their choice from the investment plans. The risky tools of investment are used by people who don’t mind taking risks to earn greater returns. On the other hand, those who are risk averse, invest on instruments that offer moderate returns and are less risky tools.
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If you have INR 50 lakh to invest and you want to earn a fixed monthly income, you get wide investment options to choose from. In this post, we are discussing how to invest 50 lakhs with some top investment instruments to earn a handsome monthly income.
If you have INR 50 lakhs for investment, the first thought in your mind would be – What to do with this amount? How to invest 50 lakhs for monthly income or how to invest 50 lakhs after retirement?
Let us find the answer to these queries:
INR 50 lakhs is a good amount and you can invest the same in a high-yielding option of investment so that you can get a suitable monthly income required to live a comfortable life.
For middle-aged people, there are many expenses that are likely to arrive with age such as medical costs, responsibility of kids’ marriage, career etc. Earning a fixed income on a monthly basis from an investment will be a great help. And even if the investor has a steady job, it would be great to have an additional source of income to take care of the additional financial obligations of your children and other members of the family.
If you are looking at a high return on investment of INR 50 lakhs, you can try the equity funds. However, equity funds are not for those who want to play the safe and secure game. It is for people who are not scared of risks. For those who want to play it safe can go for a fixed deposit of 50 lakhs or a scheme of post office.
The first crucial aspect is to decide the monthly income that you want to earn from your investment. Look for investment schemes which allow stable returns within the expected term/tenure of your investment. If you want to continue receiving this added earning all through your life, you should select the tenure of the plan accordingly.
It is recommended to go for an investment option that does not require you to switch frequently. And finally, have clarity on your future goals to understand where to invest 50 lakhs in India, your needs and the expenses accordingly.
Below are some of the various avenues to invest 50 lakhs in india:
INR 50,00,000 investment would allow you diversified investment options to earn a handsome income monthly. If you are searching for answers about where to invest 50 lakh in India, we have a list of investment options that you can pick from to earn monthly income as mentioned below:
Fixed deposit is one of the traditional investment options that is trusted by most people when it comes to investing a huge amount and earning good monthly returns. A FD account can be easily opened in a government or a private bank. In fact, for better returns people can divide the investment amount in equal values and get several FD accounts in different banks. For instance, if you divide INR 50 lakh in 5 equal denominations and get 5 FD accounts in different banks, you can easily earn a monthly income in the range of INR 30,000 to 40,000 with the 50 lakhs interest per month.
Also Read: Best FD Interest Rates in India
A POMIS is another lucrative option to earn good monthly income for investors. However, the maximum amount allowed to invest under this scheme is INR 4.5 lakh for individual accounts, whereas it is INR 9 lakh for joint accounts. The investor can earn a rate of interest of 6.6 percent yearly under POMIS and the amount is paid to the investor on a monthly basis. This is a government of India scheme with a five years deposit tenure and is risk free.
Also Read: Post Office Monthly Income Scheme
For senior citizens who want to invest INR 50 lakh on monthly return policy, the best option to go for is definitely the SCSS or Senior Citizen Savings Scheme. The scheme allows a good interest rate of INR 7.4 percent annually with quarterly payments. The SCSS is available in any Indian bank and post office and allows a maximum investment of INR 15 lakh under the scheme.
Also Read: Senior Citizens Savings Scheme in India
This is another monthly income scheme available with Housing Finance Companies (HFCs) or Non-Banking Financial Companies (NBFCs) in the private sector. Corporate deposits are, however, high-risk options offering high-risk returns. The investor should be very cautious to check the ratings of the particular financial company before trusting it with their money. People who are looking at where to invest 50 lakhs in the private sector and who are willing to take high-risk should select these options for high returns. However, the risk involved is something to take careful of while choosing such plans.
Also Read: How to double your money
For people who are risk averse, the Government bonds can serve as effective investment options. Available with monthly interest payments, these bonds can be invested for a duration that ranges between 5 to 40 years. The government bonds come with a predefined maturity date.
Also Read: Best pension plan in India
There are several insurers offering the best investment plans for monthly income. The sum insured and the premiums of such plans varies depending on the income, age as well as other factors including the specific need of the policyholders.
Here are some of the monthly income plans by top Insurers in India:
Plan Name | Benefits |
Bharti AXA Life Monthly Income Plan Plus |
|
Canara HSBC Oriental Bank of Commerce Life Insurance Smart Monthly Income Plan |
|
Max Life Monthly Income Advantage Plan |
|
MetLife Monthly Income Plan |
|
Read More: How to save tax for salary above 10 Lakh in India and pay zero tax?
There are several benefits of investing in a monthly investment plan. Let’s take a look at some of them:
Summing Up
As seen above, there are various options to invest INR 50 lakh in different schemes or policies. However, if you are looking at a monthly income after your retirement or after a certain age, you should consider a monthly income plan. However, do good research, and compare plans while buying a policy. Also, you may take advice from insurance advisors if required before investing INR 50,00,000.
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