5 easy investment options that double your money, you should also know

Personal Finance

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Money Double Investment Option : How long will it take if someone wants to double their invested money? This is a question every investor would like to know the answer to. There are many options in which investment can double your money. But you shouldn’t expect any magic in terms of duration. Rather wait for a longer period. Here we will give you information about the best 5 such options, by investing in which you can double your money in a few years.

Mutual Fund (MF)
There are many mutual funds like ELSS (Equity Linked Savings Scheme), Debt Oriented, Equity Oriented, Balanced or Hybrid Mutual Funds. Although mutual funds carry market risk, they can offer higher returns than other investment options available. The return rate for mutual funds depends on the tenure of the fund chosen by the investor. Long term mutual funds can give 12% to 15% return rate per annum. In this way, it will take about 5 to 6 years to double the money through mutual funds.

Share Market
Investing in the stock market always gives high rate of return. In the last decade, the annual rate of return from the stock market has been 15%. Investing in blue chip companies can double the money in a period of 3 to 5 years. However, it is necessary to have knowledge of the stock market to mitigate the risk.

5 easy investment options that double your money, you should also know

gold etf
Gold is a special commodity in India. Gold is a good investment option. But gold can be invested in many ways. One of these is the Gold Exchange Traded Fund (ETF), which was launched in India in 2002. This is one of the easiest ways to invest in gold, which can offer 22% returns annually. Gold ETFs can give 22% CAGR returns over a tenure of 5 years due to volatile stock market, which means the money invested will double in 3 to 4 years.

bank FD
FD is an easy investment option offered by banks. The Reserve Bank of India (RBI) recently kept interest rates unchanged. The interest rate on FDs has come down over the years. So it may take about 8 to 9 years to invest in doubling the money in any bank fixed deposit.

5 easy investment options that double your money, you should also know

Corporate Deposits/Convertible Debentures (NCDs)
There are many investment avenues that can double your money. Corporate deposits are one of them. You can get higher interest rates in non-convertible debentures and corporate deposits as compared to FDs of Non-Banking Finance Companies (NBFCs) and corporate banks. The rate of return in these deposits can be around 9 to 10% depending on the ICRA rating and tenure of the deposit. It will take around 8 years for the money invested in such schemes to double. Corporate deposits are offered by companies whereas NCDs on the other hand are issued by companies including NBFCs.

 

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