How to multiply your Income?

How to multiply your Income

Almost everyone has a savings account with one or more banks, whether they are public or private. These savings accounts are designed to store extra cash for future, immediate needs. Salary payments are now directly deposited into these accounts by employees, making savings accounts the default location for monthly funds. People have been shown to build up sizable quantities of money in their savings accounts over time, sometimes even in the thousands of dollars.

People also utilize savings accounts to store big sums of money that they may need in the near future to pay for major purchases like cars, homes, and other large-ticket items like overseas travel.

Where to find better return opportunities

Savings accounts are used to keep money secure and liquid (ready for use). However, banks also give depositors interest on their money in savings accounts at a rate of between 3.5 and 4% annually.

By putting the same amount of money into ultra-short-term mutual funds, you can make significantly more interest on your savings account balance. Similar to savings accounts, these funds provide investors with safety, liquidity, and better rates of return. The current rate of return on these assets is between 8.5 and 9.25% annually, which is over twice what savings accounts provide.

When investing huge sums of money, extremely short-term funds offer greater potential for profit than savings accounts. If you compare it to the return on a savings account, for instance, an investor can make approximately 600–700 rupees per month on a one-lakh deposit, which is extremely tempting.

How to invest?

Individuals can make one-time lump sum investments in these funds as well as monthly savings through systematic investment (SIP) mode.

Whenever they want, investors can take money out of their funds. Within one working day, the investor’s bank account receives a direct credit for the amount that was redeemed. Schemes Information with Compounded annual returns

Schemes Information with Compounded annual returns  


The mutual fund strategies mentioned above consistently deliver. As is evident, these products offer substantially better returns than savings accounts. Investors can invest in these funds for safety and liquidity and higher returns as opposed to holding money in a savings account.



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