Need A Financial Product Forums Trading/Investments How to make 6 lakhs from Rs. 18,000 monthly savings

This topic contains 1 reply, has 2 voices, and was last updated by  Vicky Mehta 2 years, 3 months ago.

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  • #48378

    Vicky Mehta
    Member

    After 30 months, I expect a financial requirement of Rs. 6 lakhs. At the most, I can save Rs. 18,000 per month. With that level of saving, I will be able to accumulate Rs. 5, 40,000 in 30 months. But I will still fall short of Rs. 60,000. Please suggest me a way by which I can make the available amount equal to the required amount. I am not in favour of taking risk and investing in equity and mutual funds.

    #48379

    Hitesh Jain
    Member

    Why don’t you invest the amount in recurring deposit or fixed deposit? It will fetch you 9% p.a. interest.

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