How to double your money

 10 ways to double your invested money without risk in India, 2023

List of 10 Best Investments in India 

4. Mutual Funds

5. Fixed Deposits (FD)

8. Equity Market

10. Tax-free Bonds

9. Real Estate

1. Public Provident Fund (PPF)

7. Corporate Bonds

3. National Savings Certificates (NSC)

2. Gold Exchange Traded Funds (ETFs)

6. Kisan Vikas Patra (KVP)

Mutual Funds

Mutual funds are a good investment source to potentially enhance your money or investment over years. These are of different types and one can choose to invest in any fund that suits their requirements.

National Savings   Certificates (NSC)

This is another investment option to consider if you are thinking about how to double your money in India. The plan is offered by the Indian Postal Department who issues NSC as a lucrative and secured option of investment without much risk.

Equity Market

When it comes to doubling investment, the Equity market or stock market is regarded as a quick option to increase money. The equity market helps in growing your money fast through purchase and sale of stocks, which offer high return on investment.

Kisan Vikas Patra (KVP)

Kisan Vikas Patra (KVP) is another best investment to double your money. KVP is a Small Savings Scheme offered by the post office in India. The interest rates and the tenure of KVP are revised by the Indian Government every quarter.

Corporate Bonds

Another option of investment for people looking for high-interest rates is corporate bonds. However, the rate of interest offered by corporate FDs and NCDs is determined by the credit score as well as the market credibility of the bonds.

Gold Exchange Traded Funds (ETFs)

Gold is a much-loved commodity in India, which people like to invest in. Investors can buy Gold Bonds and Gold ETFs to make the investments more valuable. Sovereign Gold Bond Scheme is another option of investment regulated by the RBI and the Government of India.

Real Estate

Many investors consider real estate for investing and doubling their money within 4-5 years. If you decide to invest in residential property, you can earn regular rentals. Further, it adds to an asset and might help in saving tax as well.

Public Provident Fund (PPF)

This is a low risk investment plan that allows the investor to start the investment with a minimum contribution amount of INR 500 per year. PPF comes with a 15-year lock-in period. The scheme can be availed by salaried people including government and private employees as well as self-employed individuals.

Fixed Deposits (FD)

Fixed Deposit (FD) is again one of the best investment to double your money without risk. FD is a traditional investment type allowing good returns an easy and risk-free way. A fixed deposit allows better interest rate for a fixed tenure to investors as compared to savings accounts.

Tax-free Bonds

Tax-free bonds also allow a good interest rate  over the tenure of the bond. It is considered a good avenue of Investment to double your money in 8 – 10 years.

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