Table of Contents
What can I do with 5 lakhs?
20 ventures you can start with Rs 5 lakh!
| Business | Skills needed | Break-even period |
|---|---|---|
| Telecom Business Consultantcy | Networking | 4 months |
| Wedding planning | Creativity | Depends on projects you get |
| Concierge services | Networking, communication skills | 6 months |
| House keeping (hotels) | Man management, communication skills | N.A. |
Where can I invest in current scenario?
Top 10 investment options
- Direct equity.
- Equity mutual funds.
- Debt mutual funds.
- National Pension System.
- Public Provident Fund (PPF)
- Bank fixed deposit (FD)
- Senior Citizens’ Saving Scheme (SCSS)
- Pradhan Mantri Vaya Vandana Yojana (PMVVY)
How do you diversify a portfolio 2021?
Three tips for building a diversified portfolio
- Buy at least 25 stocks across various industries (or buy an index fund) One of the quickest ways to build a diversified portfolio is to invest in several stocks.
- Put a portion of your portfolio into fixed income.
- Consider investing a portion in real estate.
How can I make 5 lakhs in a year?
, earning 5 lakh rupees in a year means that you have to earn around 41,666 rupees every month. That is, if you work by taking leave one day in a week, then you will have to earn around Rs 1,666 daily.
What business can I start with 5 lakhs?
| Business | Skills needed | Amount you need to start (Rs) |
|---|---|---|
| Travel guide | Knowledge about getaways, high fun quotient | 1,50,000 |
| Revenue credit billing | Knowledge of insurance, networking | 2,00,000 |
| Merchandising services | Marketing, creativity | 2,00,000 |
| Housekeeping (offices) | Man management, communication skills | 5,00,000 |
What is the ideal portfolio mix?
Your ideal asset allocation is the mix of investments, from most aggressive to safest, that will earn the total return over time that you need. The mix includes stocks, bonds, and cash or money market securities. The percentage of your portfolio you devote to each depends on your time frame and your tolerance for risk.
How can I be a Crorepati?
How to become a Crorepati in 10 years
- Carefully choose a Financial Planner.
- Manage expenses wisely to create more savings.
- Stay Informed, Stay Focused, Stay Disciplined and be Patient.
- Make Planned Investments in the Right Schemes.