Modi new scheme .. Available from today .. Rs 2 lakh on hand if you put Rs 1 lakh!
Modi New Scheme
Want to invest money on hand anywhere? Good news for you though. You have a new option available.
Bharat Bond ETF subscription starts from tomorrow.
Bharat Bond ETF Subscription
You can invest from Rs.1,000
Banks have been cutting interest rates on deposits in a row. As a result, the income from depositing money in banks is limited.
Where to invest money for higher returns? Many options are available. However, the central government is ready to restart the second tranche of Bharat Bond ETF subscription. You can also get an attractive return by investing in it.
The process will start tomorrow, July 14. There are two types of maturity options, April 2025 and April 2031. Investment in India Bond ETFs must be a demat account. If you do not have a demat account, you will need to invest in Bharat Bond Funds of Funds.
The Bharat Bond ETF subscription ends on July 17. A minimum of Rs.1000 is enough to invest in it. These have a lower expense ratio compared to mutual funds. Only 0.005 percent. As well as get a steady return.
There are also positive aspects such as lower taxes and security for the investment made. If you want to invest Rs 1 lakh in Bharat Bond ETF, you will get 7.58% return on your money. Based on this income, your money will be Rs. 2.07 lakhs in ten years.
Tax is also levied on your investment. It will be Rs 7,836. Then about Rs 2 lakh will come to your hand. That means if you put Rs 1 lakh in the next month, you can take Rs 2 lakh in maturity. Profit of Rs.