ECONOMICS
RISK AND RETURN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If you need money in more than five years you should ____
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borrow
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save
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invest
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get a second job
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Explanation:
Detailed explanation-1: -There is only one way in which you can double your money in 5 years and that is through mutual funds. Despite the market risks, mutual funds can earn significant returns in 5 to 6 years. This is because mutual funds offer higher returns than any other investment option and higher risk.
Detailed explanation-2: -PPF and EPF. One of the most popular investment options in the country, the Public Provident Fund is with an interest rate of 8.7% and still remains the best bet. Stocks. Mutual funds. Real Estate. Bonds. Gold. ULIPs. Equity funds.
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