Long-term government bond: As another low-risk option with good returns, a long-term government bond pays interest once or twice a year. You can club it with the other investments to earn income all year round. Since they are traded on the secondary market, you can sell them whenever you wish.
Investment Options to Inves 15 Lakhs for Monthly Income
HDFC Monthly Income Plan – LTP is a balanced debt-oriented fund that is aggressive in nature. In order to invest in this fund, investors can put in Rs. 5,000, followed by Rs. 500.
While several investment avenues provide higher returns with lower risk, you can invest as per your goals and look for options with a lower risk of capital.
Here are the best low-risk investments in July 2022:
Series I savings bonds. Short-term certificates of deposit. Money market funds. Treasury bills, notes, bonds and TIPS.
The Interest Rate Of The Monthly Income Scheme For Senior Citizens
|HDFC Bank||7 days to 10 years||3.00% to 6.25%|
|SBI Bank||7 days to 10 years||3.4% to 6.2%|
|Axis Bank||7 days to 10 years||2.50% to 6.25%|
|Kotak Bank||7 days to 10 years||3% to 5.8%|
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There are mainly two types of modes of receiving the interest. One is cumulative option where the interest is compounded on a quarterly, paid on the maturity of the FD/ autorenewed. The other is a non-cumulative option which is paid in the form of monthly interest or quarterly or on maturity.
When building a diversified portfolio of income-generating investments, mutual funds can provide monthly income and daily liquidity. They also provide diversification potential and professional management, which means you don’t have to worry about managing your fixed income investments on a day-to-day basis.
Rich people, however, don’t usually have just a single source of income. They may own or invest in multiple businesses, and earn money in many ways – consulting, earning a salary, earning investment income, giving speeches, or serving on corporate boards.
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As the original cryptocurrency, Bitcoin is one of the most commonly invested in cryptos. It’s the most famous asset in the market and has already stood the test of time proving it to be one of the best assets for cryptocurrency long term capital gains.