Where to Invest Five Lakhs for One Year to Get High Returns in 2023, India?

Whenever you plan to invest an amount, you should do it wisely to get better returns and for future planning.

Things to note before Investing INR 5 lakh

There are some careful considerations required in terms of risks and benefits while investing INR 5 lakh for one year to get desired returns.

1. Consider your investment goals

2. Consider the involved risks

3. Segregate the investment portfolio

4. Consider the tax benefits

5. Stay aware of market trends

Best Options of Investment with INR 5 lakh

If you want to invest INR 5 lakh for a tenure of 1 year, you have many options in the market to choose from. Just remember to pick an option that makes you comfortable in terms of your financial goals, the amount of risk you want to take and the prospect of investment it offers.

Below are some good investment options available in India:

1. Fixed Deposits

2. Debt Mutual Funds

3. Post Office Monthly Income       Scheme (POMIS)

4. Real Estate Investment Trusts (REITs)

5. Public Provident Fund (PPF)

6. Direct Equity

7. Gold

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