Quick Answer: What Can I Invest In For 6 Months?

Can I do SIP for 6 months?

What is a sip.

It is a method of investing in mutual funds.

If you are planning to invest for a duration of six months then you can start your SIP in debt funds instead of equity..

What are the best investment options for 3 6 months?

1. Bank fixed depositsBank fixed deposits.Bank fixed deposits.Company FD.Company FD.Post office time deposits.Post office time deposits.Recurring Deposits. In all the other short-term options, the investment has to be done once, i.e., as a lump sum. … Recurring Deposits.More items…•

How can I double my money fast?

7 Ways to Double Your Money (Fast)Open an account with a trading service such as Robinhood or Webull, which offer free stocks for opening or funding an account or for inviting friends to join.Buy IPO stock.Flip sneakers purchased on Stockx on eBay or via the Snkrs app.Sell freelance services on the Fiverr platform.More items…•

Where is the safest place to put your money?

Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the Federal Deposit Insurance Corporation (FDIC) for bank accounts or the National Credit Union Administration (NCUA) for credit union accounts.

How can I double my money in 6 months?

Here are some best 5 ways to double your money fast.Stock Market. Investments made in the stock market have always given a high rate of returns to people. … Mutual Funds (MFs) … National Savings Certificates. … Corporate Deposits/Non-Convertible Debentures (NCD) … Kisan Vikas Patra (KVP)

What is best short term investment plan?

8 Best Short-Term Investment Plans for 2020SchemeInterest Rate (%)TenureSavings Account3.5 – 7–Recurring Deposits5 – 86 months to 10 yearsTreasury SecuritiesAverage 7.8091 days to 1 yearBank Fixed Deposits3.50 – 8.057 days to 10 years4 more rows•Oct 22, 2020

Where can I get 10 interest on my money?

Open a high-yield savings or checking account. If your bank is paying anywhere near the “average” savings account interest rate, you’re not earning enough. … Join a credit union. … Take advantage of bank welcome bonuse. … Consider a money market account (MMA) … Build a CD ladder. … Invest in a money market mutual fund.

What is the best way to invest money for 6 months?

Here are a few of the best short-term investments to consider that still offer you some return.Savings accounts. … Short-term corporate bond funds. … Money market accounts. … Cash management accounts. … Short-term U.S. government bond funds. … Certificates of deposit. … Treasurys.

What will 20000 be worth in 10 years?

This calculates what a $20,000 investment will be worth in the future, given the original investment, annual additions, return on investment, and the number of years invested….Investing $20,000. How much will $20,000 be worth in the future?YearValue1040,2721143,1921246,3231349,68211 more rows

How much can I earn from SIP?

SIP returns (or interest rate) vary a lot depending upon the asset class chosen. A SIP in equity scheme yields higher returns than the one in Debt schemes. On an average, for SIP in large cap equity funds, a return of 12-15% can be expected whereas from mid-cap equities, a return of 14-17% can be expected.

Which SIP is best for 5 years?

Best SIP Plans for 5 Years in Equity FundsAxis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. … ICICI Prudential Blue chip Fund. … SBI Blue chip Fund. … Mirae Asset Large Cap Fund. … SBI Multicap Fund.

Which mutual fund is best for 6 months?

Top Performing Mutual FundsScheme nameCategory6 MonthICICI Pru Technology Fund(G)Sector Funds78.21Quant Small Cap Fund(G)Market Cap Fund72.02Aditya Birla SL Intl. Equity Fund-B(G)Thematic Fund65.11Baroda Treasury Adv Fund(G)Low Duration65.031 more row