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Where to invest 5k in India?

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HenryTurnergp3585

Lvl 1
7y ago
Updated: 8/21/2019

Whenever you have a lump sum amount that needs to be invested, the best option is a Bajaj Finance fixed deposit scheme. With this Investment amount, you can take the easy road which is free of financial risks and market turbulence.

Investing in a fixed deposit is favorable for both your short term and long term financial goals. This is because financial institutions which provide fixed deposits offer tenure options that range from a short period of 7 days to a long tenure of 10 years. This helps investors to align their finances, expenses and goals accordingly.

Investing in fixed deposits also helps to earn interest at around 6 percent to 8 percent- this depends on the financial institution you choose for the fixed deposit. Being independent of market fluctuations, your funds will stay safe throughout the tenure of investment. The only downside here is inflation. This factor affects all investments and their returns- so, whichever investment option you decide to go for, you cannot really escape the effects of inflation.

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7y ago

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