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highlights
You will need less money to travel within the country and more money to travel abroad.
If you manage your money well, you can also travel abroad next year.
To earn money from money, you have to invest it in such a place where the returns are good.
The month of December is going on. Most of the working people plan a trip to Goa in December. With this, three things are accomplished simultaneously, firstly, the remaining holidays are utilized, secondly, the tension accumulated in the mind during the job is removed, and thirdly, New Year celebration is also done at a beautiful destination like Goa. Even those who visit places like Goa or Shimla, are able to travel within the country only, and are not able to travel abroad throughout their life, because it requires more money to travel there. But if you plan a little better, you can skip the trip to Goa one year and go abroad the next year. Today we are telling you about such a scheme, which at least will not let financial problems come in the way of your desire to travel abroad.
You might be wondering what such a scheme would be like. The scheme is completely safe and there is no risk of losing money. Options for this type of scheme include mutual funds and shares of companies. Both of these because they give higher returns than any other investment options. Although investing money directly in companies listed in the stock market can be risky, we try to tell you only about such stocks which have a history of giving returns. But before that, you should understand the mathematics that what will be the difference between the money spent on your Goa trip and a trip abroad.
Also read – Large, mid or small cap, which fund is the first choice of people?
goa vs vietnam expenses
On MakeMyTrip, a 4 night stay package from Delhi to Goa is priced at Rs 19,000. This includes transportation, accommodation and breakfast. It should be assumed that there may be an additional expenditure of Rs 10,000 on food and drinks. Meaning, you can visit Goa for around Rs 30,000. This expense is for one person. Similarly, on MakeMyTrip itself, the cost of a trip to Vietnam is said to be around Rs 47,000 to 55,000. The seven day trip includes almost everything that is included in a Goa trip. Considering the above expenses to be Rs 15 to 20 thousand, the total cost will be around Rs 70,000. Similarly, you can also visit Thailand or Dubai. All packages are of different prices and the package rate may also vary with the date of arrival and departure.
money calculation
According to upper figures, if you go to Goa then you should have 25-30 thousand rupees in your pocket, and for Vietnam it is around 70,000 rupees. Meaning, you will need an additional Rs 40,000 to go abroad instead of Goa. So obviously no one who has Rs 30,000 in his pocket can do a trip of Rs 70,000. Then how about a trip abroad? Obviously when you have more than Rs 70,000, then you can travel abroad. The mathematics would be something like this-
– Now you have – Rs 30,000 (for this trip)
– Next year also – Rs 30,000 (for next year’s trip)
– Next year you will have total – Rs 60,000 (maximum)
– Will need to travel abroad – Rs 70,000
– Will fall short – Rs 10,000
– Time will be – one year.
Meaning you will have to make additional jugaad of at least Rs 10,000 in a year. We are telling you such a scheme, where you will not need to think about Rs 10,000. All you have to do is to invest Rs 30,000 this time in some scheme and next year Rs 30,000 will have to be divided in 12 months and done as SIP in mutual funds. Or you can also invest in any stock. Now the question comes that which mutual fund to invest money in, which stock to buy?
Also read – These three stocks can increase your bank balance, brokerage advised to buy
This time, if you get 20 percent annual return on Rs 30,000 (Lumsum), then Rs 6,000 will be earned from here. You can get the remaining Rs 4,000 through SIP.
Which mutual fund will be right?
Below we are giving a list of mutual funds, in which their returns for the last 1 year have been mentioned. You can get annual returns of up to 20 percent by investing in any of these funds. 20 percent because it is not necessary that mutual funds which have given 40-45 percent returns in history will give the same returns in future also.
| name of the scheme | Plan | Category Name | CRISIL Rank | 1Y return |
| Franklin India Small Company Fund – Direct – Growth | direct plan | small cap fund | 5 | 45% |
| SBI Infrastructure Fund – Direct Plan – Growth | direct plan | regional/thematic | 4 | 42% |
| HSBC Small Cap Fund – Direct Plan – Growth | direct plan | small cap fund | 4 | 42% |
| Nippon India Small Cap Fund – Direct Plan – Growth | direct plan | small cap fund | 5 | 41% |
| Invesco India Infrastructure Fund – Direct Plan – Growth | direct plan | regional/thematic | 5 | 41% |
Before investing you must consult a certified advisor. It would be better if the same advisor also manages your money. When an advisor manages the fund the risk is reduced.
Where to invest money in stock market?
A better option would be to invest in those shares which have given more than 20 percent returns continuously in the last 3 years. It should also be seen that the company has good cash flow. On this basis, we have selected some companies, where your money can continue to grow.
- Ksolves India Limited
- Tips Industries
- Noon Renewable Technologies Ltd
- Lloyds Metals and Energy Limited
The stocks given above are those which have given annual returns of more than 20 percent continuously for the last 3 years. All these companies are continuously performing well and their market capitalization is also more than Rs 500 crore. The cash flow of companies is also good.
Here again the same advice is given that before investing, you should consult a certified advisor and ask him to manage it. It is possible that the advisor may be able to find a better stock and give it to you.
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Tag: investment, investment and returns, investment tips, multibagger stock, mutual fund, travel destination
first published : December 9, 2023, 12:47 IST
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