We always want to discover some secondary income source apart from our salaried or business income. To generate a regular income we are here giving you some investment tips.
Dividend from Mutual Funds
The mutual funds provide the dividend or interest on the yearly basis and but not monthly, but if you have diversified and invested in multiple mutual funds then the higher dividend income will be received.
Buy an Insurance
Buying an insurance is very good and safe investment for you and also for your family. If you love your family then you should buy an insurance. It will return you a good profit or income.
Fixed Deposits
Fixed deposits in the bank are one of the oldest and most widespread and common investment choices which can agreement on monthly, quarterly or even yearly profits. The interest rates will depend on the tenure for which you open a stable deposit and it may vary from bank to bank as well. Currently, bank fixed deposit may lie in between 7.5 to 8.5 per annum, it is higher for senior citizens.
Invest in Post office
Investment in Post office is risk-free and it is profitable too. They provide a good return. There are many schemes are available. You can get profit on monthly, quarterly, half-yearly or even yearly basis.
Dividend from Stock Market
To invest in a stock market are bit risky, but if you have a skill and knowledge you can make the very handsome amount in the stock market.
Invest in Gold / Silver
You can invest in gold or silver as well. It will provide you a good return as the prices of these precious metal will going to increase day by day. But remember you will have to invest in coins, biscuits or bars. Don’t ever buy the ornament for investment purpose.
Invest in Public Provident Fund
You can open a public provident fund or (PPF) account. It is having a validity of 15 years and you can get a good return from it at a higher rate.
Invest in Sukanya Samriddhi Scheme
This scheme is only for the parents of a girl child. If you are having a daughter then you can open a Sukanya Samriddhi account which gives you a higher rate of interest.
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Disclaimer: Recommendations and suggestions above are generic in nature. Be advised to consult a certified trainer or another professional before trying yourself.
