Where can I invest my Rs. 500 every month to get it back multiplied ?
Well,
its a good idea to invest only Rs. 500 per month. So my best suggestion
for you is either you can start swing trading or you can start SIP
(systematic investment plan) in the stock market. If you have a little
knowledge about stock market then you can do it very well. And if you are a beginner in this market, just start studying and learning about it.
(I have already discussed about how to do swing trading you can check it out in my previous answers).
And for your SIP now what you need to do is just go to National Stock Exchange of India Ltd.
and find which blue chip stocks are trading at very low price (that is
near 52 weeks low). If you have some basic knowledge of fundamental and
technical analysis, you can use them to check whether these stocks are
buy now qualified stocks or not. Once you confirm, then you can start buying those qualified stocks. After reaching your target you can sell them.
For
both the above you need to give some time each and everyday at evening
for your experiment on stocks. But if you are busy and you are not able
to give extra time for your fundamental and technical analysis of stocks
then it will be better to go for mutual fund (low risk low return).
With best regards,
Amiya Sarkar
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