What Business Can I Start With 3 Lakhs?

What is the cheapest franchise to start?

Low-Cost/Cheap FranchisesCruise Planners.

Franchise fee: $10,995.

Initial investment: $2,095 to $22,867.

SuperGlass Windshield Repair.JAN-PRO.Jazzercise.

Franchise fee: $1,250.

Initial investment: $2,500 to $38,000.

Dream Vacations.

Franchise fee: $495 to $9,800.

Initial investment: $3,245 to $21,850..

Is 1 lakh a good salary?

1 lakh is not a small amount of money but it entirely depends on your lifestyle. If you try to live a high end lifestyle, spending more than 80% of your income living that life, then 1 lakh will seem less. … Money is always relative be it in case of salary or luxury.

What can I do with 2 lakhs?

5 Best Investment Plans in India 2020 Between Rs 1 – 2 LakhsPublic Provident Fund. The Public Provident Fund or PPF is a kind of investment tool which helps individuals to save their hard-earned money for over 15 years. … National Savings Certificates (VIII Issue) Account. … Fixed Deposits in Banks. … Mutual Funds. … National Savings Time Deposit Account.

How much interest will I get on 1 lakh rupees?

Currently, the interest rate on savings bank deposits on balance up to Rs 1 lakh is 3.5 per cent. On balance above Rs 1 lakh, the interest rate is 3 per cent per annum, which is set at 2.75 per cent below RBI’s Repo Rate, with a minimum of 3 per cent for the entire balance.

How can I save 20 lakhs in 3 years?

You will have to invest around Rs 50,000 per month to generate Rs 20 lakh at the end of 36 months, assuming pre-tax return of 7%. However, if you can extend your investment horizon by a few of years, then you may opt for a mix of a large-cap and hybrid aggressive fund (earlier known as balanced funds).

What business can I start with 3 lakhs in India?

Ideas for Startups under 2 LakhsHousekeeping and Cleaning Services. … Accountancy Services. … Mobile / Computer Servicing and Repair Services. … Trip Planner. … Content writing agency. … Android App Development. … 3 Best Strategies that Increase Your eCommerce Business Sales. … 10 Best Famous Fintech Startups in India (2020)

How can I make 50 lakhs in 5 years?

How Can You make Rs. 50 lakh in 5 years?1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•

What business can I start with 5 lakhs?

BusinessSkills neededAmount you need to start (Rs)Food deliveryMarketing and sales15,000Uniform makingMan management20,000Property managementMarketing and sales50,000Telecom Business ConsultantcyNetworking50,00016 more rows•Oct 26, 2007

What business I can start with 1 lakh?

20 Business Ideas Under Rs 1 LakhFood Truck. Most easiest and profitable business to start is food truck. … Food Catering Business. … Tiffin Distribution Service. … Tea Stall, Snack Joint and Fruit Juice Kiosk. … Milk and Vegetable Distribution Business. … Tailoring and Laundering Business. … Newspaper Distribution. … Florist Shop.More items…

What kind of business can I start with 3k?

Business Idea #2: Lawn Service. … Business Idea #3: Social Media Specialist. … Business Idea #4: Office Cleaning. … Business Idea #5: Personal Trainer. … Business Idea #6: Moving Service. … Business Idea #9: House Painting. … Business Idea #11: eBay Selling. … Business Idea #13: Professional Organizer.More items…

What are the most successful small businesses?

Wellness, health, fitness, and pet-related services are some of the most popular and profitable personal small business ventures. Start-up costs can be as low as $0 and generate thousands of dollars of revenue in no time.

How can I earn 50 lakhs in 15 years?

My suggestion to you would be to direct the money into a nifty index fund like HDFC Index Fund Nifty 50 Plan and Mirae Asset Large Cap Fund. At an expected return of 12 per cent per annum, your monthly investment of Rs 10,000 would help you to create Rs 50 lakh, not accounting for income tax, in 15 years.

How can I earn 1 crore?

Making 1 crore is easy if you can convince people to pay you. To achieve this Goal in reality it takes 3–5 years. To make 1 crore you want to earn 3 lakh per month on average for 3 years.

What can I do with 5 lakhs?

20 ventures you can start with Rs 5 lakh!BusinessSkills neededAmount you need to start (Rs)Online adsMedia planning, knowledge of Net, networking300,000Verification servicesNetworking with police, legal knowledge400,000Tank cleaningTech-savvy400,000Travel guideKnowledge about getaways, high fun quotient1,50,00016 more rows•Oct 26, 2007

How can I invest 7 lakhs?

For the lumpsum of Rs 7 lakh:Debt allocation of Rs 2 lakh in Franklin India Credit Risk fund – currently this will give you about 9 per cent returns and bring stability to your portfolio.ICICI Prudential Blue Chip Fund Rs 1 lakh (Largecap fund)Sundaram Large and Midcap fund Rs 1 lakh (Large and Midcap fund)More items…•

What can I do with 3 lakh rupees?

You can invest in Pradhan Mantri Vaya Vandana Yojna (PMVVY), which is open till 31 March 2020. The scheme earns an annual interest of 8%, payable monthly, and thus an investment of Rs 3 lakh will provide you with a decent monthly pension income.

What can I do with 1 lakh?

If you are young and willing to take a risk, you might want to bet on mutual funds. You can invest in equity mutual funds through lumpsum or gradually invest small amounts every month. You can do so by way of small SIP investment of Rs 500 every month.

What business can I start with 10 lakhs in India?

15 Profitable Business Ideas under 10 Lakhs Rupees in India#1. Franchise Stores.#6. Travel-holiday Planner.#7. Online Store.#9. Complete Home Maintance Solution.#10. Dog Breeder.#14. Online Advertisements.#15. Water Purification Unit.