Here's how you can double your money in five years; 7 investment strategy to follow
Only four months left until the new financial year begins. Check these tips and tricks to gain good returns
Tax Saving Investments
Equity Linked Savings Scheme (ELSS) is one such option where you can double your money within 5 years time
Not just tax savings
But also good returns. Investments can be made through SIPs. SIPs give good return and your money may be double in 5 years
Double your money in just 5 years
But what plans would double your money in just 5 years. Check here to know tips and tricks for high interest rate
Motilal Oswal ELSS Tax Saver Fund
This fund has a four-star Value Research rating, which means if you invest here, there's potential for your money to grow
Quant ELSS Tax Saver Fund
Five-star Value Research rating. 5-year annual return: ~30.31%. 3-year return: ~21.71%. ₹10,000 monthly SIP yields ₹12,90,405 in 5 years
SBI Long Term Equity Fund
Five-star Value Research rating. 5-year average annual return: 30.06%. 3-year return: 32.94% to be this much
With a monthly SIP of ~₹10,000
With a monthly SIP of ~₹10,000, your five year return can be potentially around ₹12,61,442 which would make your investment get good returns
HDFC ELSS Tax Saver Fund
Four-star Value Research rating. 5-year average annual return: 27.61%. 3-year return: 28.51%. ₹10,000 monthly SIP yields ₹11,87,946 in 5 years
Bank of India ELSS Tax Saver Fund
Four-star Value Research rating. 5-year average annual return: ~27.34%. 3-year return: 27.83%. ₹10,000 monthly SIP yields ~₹11,87,399 in 5 years
Note- Investment of any sort is subject to market risks. Please consult your strategist before investment