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10 Ways to Double your Money in India

Updated on August 18, 2017


No, you really don't need to get too much spirited since we are not discussing about some fake money doubling proposition. We'll be telling about 100% authentic strategies that are totally legitimate. However, first things first, there is no guaranteed way of multiplying money expeditiously. For instantaneous money growth, one must acquire expertise of financial markets. Patience is the key here.


The Thumb Rule of 72

But, before making a move ahead, we must acquire knowledge about the Thumb Rule 72. Thumb Rule 72 helps you in evaluation of the following:

  • The Time Duration needed to Double your Wealth at provided rate of return.
  • The Rate of Return at which your Wealth will be Doubled at given Time Duration.

Now, let's understand how it works. Suppose, if you have invested your money at the rate of 8%, then the time taken to double your money will be 72/8 i.e. 9 years. That means that if you'd like your money to get doubled faster then you'd need to get a Better Rate of Return. The following chart provides you an idea about the relation between Rate of Return and the Number of Year required to double your money.

Rate of Return
No. of Years

Let's discuss some long-term money making propositions.

1) Stock Market


Though it is a high risk option yet it's the most rewarding too. It can multiply your wealth and can make you bankrupt too. Long Term Investment in Stock Market is one of the most popular ways of getting good returns. On an average in the last 10 years, the stock market has provided an annual return of 15%. Hence, going by the records, investment in blue chip stocks provides you with an opportunity to double your investment in a time period of approximately 4 - 5 years. For example, a stock called UPPER GANGES was trading at Rs 54/- almost one year ago and its current value as on 25th Feb '17 is Rs 358.30/-. The investors who've invested here have got almost 600% returns.

However, it is advisable that one shouldn't invest here without the proper know how. A famous Chinese Proverb aptly describes the rules of playing in the Stock Market: If you must play, decide on three things at the start: the rules of the game, the stakes, and the quitting time.

Bank Name
1 Year
3 Years
Axis Bank
Yes Bank
Kotak Bank
0% - 0.5%
Bank of Baroda
0% - 1%
State Bank of India
0% - 0.5%
0.5% - 1.5%
ING Vysya Bank
IndusInd Bank

3) Mutual Funds:

Investors with a greater risk appetite must go for mutual funds to reap exceptional returns. There are multiple types of Mutual Funds available in the market - Equity Based, Debt Based, ELSS, Hybrid (Equity and Debt Based) etc. Each fund comes with its own advantages and disadvantages. An investor must choose a fund which may add substantial value to its portfolio. For example, if you're looking for a long term investment, then there's nothing like Equity Oriented Funds. However, for a short term financial objective, one must go for debt oriented funds. Similarly, for a new entrant in the stock market, it is advisable to go for a hybrid mutual fund as that will help it gain an experience in both debt and equity market. The best part with Mutual Funds is that one need not have a 100% competency in it because the asset manager manages everything for you.

Growth rate till 2017

Growth Rate  of Mutual Funds till 2017
Growth Rate of Mutual Funds till 2017

4) Public Provident Fund:

This investment scheme has been brought out by the Government. And thus, there's no question of its reliability. It is the 2nd most popular investment scheme. It's popularly known as PPF. It's the best investment choice for Mid - Income people. It requires the investor to invest as low as Rs 500/- per year. It has got a lock - in period of 15 years. Hence, you can expect your money to multiply more than double at the time of maturity. PPF may be opened in a Post Office or in State Bank of India or in ICICI Bank.

Benefits of PPF
Benefits of PPF

5) Gold/ Gold ETFs:

Indians, both men and women, are well known for their yearning for Gold. Gold is primarily used in the gifting purpose during the wedding. Considered to be a representation of wealth, Gold is a win-win investment option. To reduce the risk of theft, the Government has come up with Gold ETFs in the year 2002. As per the records of 5 years (from 2007 - 2012), Gold investment has given an annual return of 22%. But, in the last 5 years, i.e. from 2012 - 2017, Gold investment has seemed to lose its worth since there has been no significant returns. Still, it's sure to return back as one of the best investment options very soon.

And as its prices are really volatile, so it must be considered as a long term investment option. This is not a good investment option for people who are looking for short term investment.

Gold Posession Benefits
Gold Posession Benefits

6) Real Estate:

This is one of the most difficult investment options owing to the capital involved. It should be treated as a pretty long term investment option. It can give returns of more than 100% over a period of 10 years. A Flat purchased in Rajarhat, New Town area in Kolkata, West Bengal at the rate of Rs 2,500/- per sq. ft. in the year 2005 was worth Rs 5,000/- per sq. ft. by the year 2015.
Though it's one of the attractive investment options around, yet one should be very careful while making a real estate investment. The investor should gather a proper knowledge of the Real Estate Project Development so as to ascertain its proper worth in the years to come. For example, real estate prices in some places, especially Tier-2 cities like Raipur, Bhubaneswar etc. have skyrocketed and have provided more than double returns on the investment. On the other hand, real estate investment in cities like Nasik, Cuttack have failed to generate such promising returns.

Why choosing Real Estate Is Benefecial?
Why choosing Real Estate Is Benefecial?

7) Corporate Deposits/ Non - Convertible Debentures:

Let's first understand the literal meaning of Debentures. Often a company may need investment for its betterment and it may want to keep its share capital untouched. In that case, the company may bring out Certificates for common masses against which they borrow money from the common masses for a given period of time at a given rate of interest. These certificates are Debentures. These are almost similar to the equity shares except that Debenture Holders enjoy no voting rights as compared to Equity Holders. These offer a much better rate of interests as compared to Bank Fixed Deposits. Their rate of return is approximately 10%. An investor must take special care to gather knowledge of a Debenture's ICRA Ratings and Term of Deposit to ascertain its worth.
Some of the disadvantages associated with Debentures are - These are Taxable and there may be an uncertainty in its redemption if the issuing company suffers from huge losses.

Earning From Corporate Deposits
Earning From Corporate Deposits

8) National Savings Certificates:

These are brought out by the Postal Department of India. Two of its most important advantages are its Reliability and its Tax Free returns (except for the last year). It was started in the year 1950 to help the government aggregate funds for the development of Independent India. There are 2 types of NSCs with interest rates of 8.5% to 8.8% and maturity period of 5, 8 and 10 years. Another most important feature of NSC is that the interest is compounded half yearly instead of annually. Besides, it has got no maximum limit on investment.

Let's take an example. Mr. Agarwal purchased an NSC worth Rs 10,000/- for a term of 5 years at the rate of interest of 8.5% per annum. After half a year, the interest earned will be Rs 425/- and the compounded amount will become Rs 10,425/-. After another half a year, the compounded amount will become Rs 10,868. Similarly, at the end of the second year, the compounded amount will become Rs 11,810/-. And the final amount at the time of maturity will be Rs 15,162/-. And just for your information, this gives a better rate of return as compared to the PPF.

9) Investment in Businesses

It's a brilliant idea to invest in small but growing business. It's even better if that business is run by you. This can provide you with maximum yearly returns yet its the most risky too. While working in your office, you can start investing in start-up companies which you perceive to be competent enough to generate a consistent hike in income. But, it's important to gain 100% knowledge about the business you're investing in.

Invest In Business
Invest In Business

10)Forex Trading:

What is Forex? Its a round-the-clock cash market. It's a market for trading of Currency Pairs like INR/ USD, INR/EUR etc. Now let's understand that how does it function? An investor has to speculate on whether a currency will up or down and it will place its bet accordingly. The currencies are bought and sold at the current price or the exchange rate, This a fully flexible investment option with there being no maximum limit on your investment. Even if you're a small investor, you stand to gain a lot in Forex Trading as you get an option of levering your investment 20 - 30 times. But, with leverage comes risk. Beginners may lose all their investment in minutes due to this leveraging option.

Besides.Forex Trading is difficult to manage operationally. It even works when humans don't. Hence, Forex traders must devise some methods to protect their investment even when they're away from the market. The Forex Market may significantly change over the weekends or night.This becomes really difficult for a small time investor. So, if a person does not have the knowhow of managing its positions when it's away, Forex markets could cause a significant loss of value in the nights or on weekends.

Learn And Earn Forex
Learn And Earn Forex


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