10 ways to double your money

10 best ways to double your money india

Ways to double your money

An investor keep thinking about the returns he is expecting from a stock market, mutual funds, fixed income investment options, etc. There is another good parameter to look is how he/she can double the money. The period that would take to double your money depends on the returns expected from the investment option. However there is a thumb rule called “Thumb rule 72”.

What is Thumb rule 72?

Thumbrule 72 specifies that an investment period required to double the money would be derived if you divide 72 with the annualized returns you are expecting. E.g. if you are expecting 7% returns, then if you divide 72 / 7 = 10.3 years, it would take 10.3 years to double your investment at 7% returns.

10 ways to double your money

There are various ways to double your money. 

Best ways to double your money – < 3 years time frame: To double your money in 3 years timeframe, you need to get 24% annualized return.

1)   Investing in FMCG sector mutual funds: Currently, there is only one good investment options, which can double your money in < 3 years timeframe. FMCG sector based mutual funds has provided 32% annualized returns in the last 3 years. As per “thumb rule 72” (72/32=2.5 years), it takes 2.5 years to double your money if you choose this as investment option. However past performance may or may not be repeated in the future, hence, an investor need to be little cautious before taking the investment decision.

Best way to double your money – 3 to 5 years time frame: There are various investment options which can double in 3 to 5 years investment time frame. As per thumb rule 72, we should earn 14%, 18% and 24% for 3, 4 and 5 years period respectively to double your money.

2)   Investing in Pharma sector mutual funds: Pharma sector mutual funds have provided annualized returns of 22% in the last 3 years. Investing in Pharma sector mutual funds can double your money in 3.5 years (thumb rule 72/22= 3.5 years)

3)   Investment in gold ETF’s: Investing in Gold ETF’s have provided 22% annualized returns, hence even this too takes 3.5 years to double the investment. However some investors are little cautious that this should be looked as investment for long-term as there could downside for short term.

4)   Investment in stocks markets: Investments in stock market, have always given good returns in the long term. Stock market gave annualized return of 15% in the last 10 years, hence invest in blue chip stocks would provide scope to double your money in 3 to 5 years time period.

5)   Investment in diversified mutual funds / large cap mutual funds: Investment in diversified or large cap mutual funds has given annualized returns of 12% to 15% in the last 3 years. Your money would be doubled in 5 to 6 years time frame if you choose this as investment option.

Best way to double your money – 6 to 8 years time frame: To double your money in 6 to 8 years timeframe, we need annualized returns of 9% to 12%.

6)   Investment in company NCD’s/bonds: Investment in corporate bonds/NCD’s would provide annualized returns from 10% to 13%. Your investment would be doubled in 6 years time frame. However choose a good NCD’s where capital is protected. Investing in SECURED NCD or bond (e.g. Shiriram NCD), would be a good investment option.

7)   Investments in corporate/company deposits are offering 10% to 13% annualized returns; hence investing in such deposits would double your money by 6-7 years time frame.

8)   Investment in debt mutual funds: Investment in debt mutual funds has yielded annualized returns of 8% to 11% in the last 3 years. To double your money, it would take 6-7 years time frame.

9)   Investment in Bank fixed deposits which are offering 8.5% to 9.25% interest rates. Hence investing in such bank fixed deposits would make your money double in 8 years period.

10)  Investment in bonds: Investment in Govt. bonds yields 8%+ returns. You can double your money in 9 years time frame.

Conclusion: There are various best investment options to double your money. Based on the risk appetite and the investment time frame, choose a good investment option. Choosing an investment option for long term would provide a chance to double your money faster. However investment in mutual funds and stocks are risky and past performance may or may not be repeated in the future, hence, an investor need to be little cautious before taking the investment decision.

Readers, have you invested your money with such “best ways to double your money” investment options? Please give your comments

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Myinvestmentideas.com – Best ways to double your money

Article by Suresh

Suresh KP i.e. me have written 400+ articles on this blog. I love doing analysis and identifying the Best investment options.


  1. dhanasekar says:

    Iam dhanasekar, age 31 and i  would like to start a sip for 20years with a monthly investing of rupees 15000rs, how much i can get a total benefits after this period, actually I planned for my daughter future and my retirements 

    I am very happy to visits your blog continously

    • Suresh KP says:

      Hi Dhanasekhar, The benefits depends on the type of mutual fund you might be choosing. e.g. if you invest in top large cap and best diversified funds 20 years where returns could be betwen 13% to 15%, you would get lump sum of Rs 1.50 Crores to Rs 2.30 Crores. However if you are investing in hybrid funds / balanced funds, your returns could be between 11% to 13% per annum where you can expect Rs 1.3 Crores to Rs 1.7 Crores. My suggestion is have a combination of large cap, diversified, mid-cap/small-cap, balanced and international funds etc. This way you can get average returns of 13% per annum and can aim for Rs 1.7 Crores. Also instead of investing in just mutual funds, try investing in IPO (high risk), tax free bonds, secured NCD and bank recurring deposits. This way you can diversify your portfolio.

      • dhanasekar says:

        Thankyou very much for your early reply, and  i am an NRI person presently working in uae.

        Please suggest few funds combination of same which you mentioned.

        once again Thanks a lot for ur suggestions




        • Suresh KP says:

          Dhanasekhar, There are no specific funds which would benefit NRI’s. Invest in largecap or diversified funds like ICICI Pru focussed blue chip fund,BNPP Equity fund, UTI Opps fund and Quantum long term equity fund. You can pick any of these funds.

  2. Charul says:

    Hello sureshji, I'm mother of 13 yrs old daughter Nd 11 yrs old son, I want to know the best saving plan with no risk at all . My capacity is 2000 Rs p.m. Pls suggest me agood plan .. 

    • Suresh KP says:

      Charul, If you do not want to take any risk, best option to invest is in bank recurring deposit or post office term deposit. The returns could be between 8.5% to 9% per annum.

  3. kamal says:

    Hi suresh ji,

                       How r u? U r doing good job.Keep it up.I have a query about mutualfunds investment.Iam investing 1000 per month in ICICI focussed blue chip fund and 1000 per month in Uti opportunities fund for last one year.Iam 31 now.This investment is for my retirement.I will invest till my retirement( remaining 29 years).Returns of these funds are taxable r not.And tell me is  this investment enough for my retirement r shal i increase.With this how much i can get after 30 years.please tell me.

    • Suresh KP says:

      Thanks Kamal. Both are equity funds, hence after 1 year, the returns are not taxable. Regd your second question, it depends on what is your requirement. If you invest Rs 2,000 in such funds for 29 years, this amount would fetch Rs 67 Lakhs @ 12% annualised returns. Means you can deposit this in Bank FD and get Rs 6 Lakhs i.e. Rs 50,000 per month after 30 years. Considering inflation, this amount would not be sufficient. Depending on your requirement, you should be increasing the amount year on year.

  4. Maheshappa says:

    Hi Suresh,

    I have a term insurance for 50 L with Religare and also I have Health Insurance for my family. For  EPF I pay Rs. 1 L per yr (including employer Contribution and Balance EPF amount is 2 L as on date), I pay  housing loan of 2.18 L per year(20 yrs loan tenure and 5 yrs completed and I yet t pay for another 15 yrs). Investing on Employee stock option Rs. 1 L from last one year and would like to continue next 2-4 yrs also because of high returns.

    I am 33 now I would like to have 1 Crore at the age of 50 yr. How much I need to invest for another 20 yrs. And Please Advise what are the best option to invest except stock.(Keeping my EPF for another 15 yrs, and Company Stocks for another 5 yrs would yeild to  about 8 to 10 L)

    Also what kind of savings I need to have for my sons education – One is 6 yrs old and another one is 2 yrs old.



    • Suresh KP says:

      Hi Maheshappa, If you need Rs 1 Crore after 15 years and you have Rs 10 Lakhs from other options, means you need Rs 90L in 15 years. If you invest rs 16,000 per month for 15 years, this can fetch you Rs 90L assuming 13% returns per annum. To achieve this 1) Invest in large cap mutual funds and diversified mutual funds (you can select based on recommendatios on this blog) You can expect 15% annualised returns. 2) Invest in tax free returns which can provide you 9% returns tax free returns 3) Also invest in PPF account which can provide 8.5% returns which are tax free. There could be other options and you need not just limit to these 3 options 4) Regd your children education, you need not have a seperate plan. You can invest in above specified options to create money for their education.

  5. KAUSHAL says:

    Dear Suresh,

    I want to invest 25,000 as a lum sum. Kindly advice . I am ready for High Risk , as  I expect atleast 25% returns p/a. I have allready SIP in HDFC 200. and RELIANCE REGULAR SAVING. if you suggest I will invest in direct equity also, kindly suggest.

    Thanks & God Bless You !

    Regards - 


  6. sunil says:

    Dear Suresh,

    I'm aged 55 and working in gulf. For my retirement benefits henceforth i'm planning to do SIP for 5 years. Could you please suggest plans of high returns.

    Thanking you in advance



    • Suresh KP says:

      Sunil, At this age you should be looking for more safety than returns. You should invest in bank RD or post office schemes. If you still want to proceed for mutual funds you can invest in balanced mutual funds like ICICI Balanced fund or HDFC Balanced mutual funds.

  7. Ramadevi says:

    Hi suresh,

                      I want to open account with Bullion India.Is it wise to buy gold r silver through bullion india?plz write one article about it.it will be useful.

  8. neville says:

    Sir..kindly provide with ur information az how recurring deposit adds to the intetest of fixed deposit therby earning better interest on my full investment..
    Thanking you

  9. NHP says:


      I intend to invest 2000 monthly to create a safe corpus over a 5 yr term with more or less assured returns. A friend suggests that PAN card clubs takes fixed deposits at as low as 2700rs….is that advisable ? Or is there anything I have an as option if I don't want to go for SIP ?

    • Suresh KP says:

      Hi NHP, Stay away from such schemes. If you want to invest in safe investment options, but do not prefer SIP, you can consider Bank RD or post office RD schemes. 

  10. Ritesh Sethi says:

    Dear Suresh,

    If i want to invest 1 lakh/annum in sake of my daughter's name , please Suggest me the divisional way to invest for my daughter's education & future both , so that it need not to compromise with her studies and future (during her marrige ). My daughter had celebrated his first birthday on last 16th oct

    • Suresh KP says:

      Ritesh i hope you have taken term insurance first before start investing. Invest in multiple investment options like mutual funds, bank RD, NCD’s. In mutual funds you can look for icici pru focussed blue chip, franklin india blue Chip fund, icici pru dynamic plan fund etc.

  11. Ramadevi says:

    Hi suresh,

                     iam happy to say that i'm inspired by you.On 0ct 29th i visited your blog .With in one month my attitude towards savings and investments is changed.now i can't spend a day without visiting u r blog.Thank u very much.

    • Suresh KP says:

      Thanks Rama for your valuable feedback. Pls share few articles on your facebook so that they might be useful for your friends who might be looking for some suggestions.

  12. Ramadevi says:

    hi sir, 

            recently i opened account in funds india.can u suggest me some  sip funds for five years time.

    • Suresh KP says:

      Hi Rama devi, 5 Years is medium term. If you are investing in mutual funds you should invest for atleast 5 to 10 years to gain more. However for 5 years you can invest in ICICI Pru Balanced fund or HDFC Balanced fund or HDFC Prudence fund

  13. harsha says:

    Hi suresh,

                  could u plz suggest me one broker for forex trading.How to proceed ?

    which currency pair is good for indians?kindly write one article on forex trading subject for beginners.

  14. Harsha says:

    HI suresh,

                    i heard that forex trading is illegal in india.is it true?why?


    • Suresh says:

      Harsha, Several people say that there is no issue for forex trading. If yes, you would not have seen xforex.com or other forex..com advts on several investment websites in India.

  15. Manoj Gurbaxani says:

    Hello Sir,

    U r really helping people by giving ur valuable suggestion.

    I m 37 yrs old i need after 10 yrs from now assured income of 50000 p.m

    please suggest where i can invest, p.m capacity of 25000 is possible by me

    i m more interested in one time investment…

    • Suresh says:

      Hi Manoj, To get Rs 50K per month, you need to get Rs 6L per annum as returns. If you invest Rs 65L in bank FD, you can get Rs 6L. Now your goal should be to earn Rs 65L from your monthly 25K investment. If your investment can earn 13% returns, you can easily achive this goal. But to get 13% returns your plan should be perfect and you should be willing to take risk. 1) Invest 20% of your investment in Sector funds like Reliance Pharma or SBI FMCG funds or Reliance Banking fund 2) Invest 50% to 60% in equity funds like ICICI Pru blue chip focussed fund or FT India growth fund or Reliance Equity Opps fund or any other fund. You can consider 4 to 5 funds 3) Invest balance in bank RD or balanced mutual funds. 

    • Ayush Gulati says:

      Hi Sureshji,

      I am 27yrs and become father of cute girl last month. Now I want to save approx Rs 30000 per year for her future like Education and marriage etc. I want to invest in safe options. I already have 2 Jeevan Anand policy worth 10lakh for term 27yr and 7 lakh for term of 21yr  to secure my future. I am planning to invest in PPF and will be able to invest approx 50k in year for the same. Kindly suggest me some more safe investment options for my daughter. I can invest approx Rs3000/yr. Kindly mail me at ayush.0012@gmail.com

      • Suresh KP says:

        Hi Ayush, Happy new year. Good to hear that you want to take care of your daughter future from now on. My suggestions are 11) Your insurance amount may not be sufficient. Pls review and consider taking a term insurance plan for additional amount 2) PPF is good for long term investment and returns are tax free 3) See this article for safe investment options and consider few of them which are suitable for you. Like I said earlier, don’t put all your eggs in one basket. Diversify your investment. http://myinvestmentideas.com/2012/11/top-10-safe-investment-options-in-india/

  16. arun says:

    Hi suresh,

    Please response to ramadevi question which is why i have also the same question.

    Can she get such amount.



    • Suresh says:

      Arun, Two questions of Ramadevi is already answered. Do you see any specific subquestion not answered ? If yes, post your question, I can try to answer it.

  17. Ramadevi says:

    Hi sir,

             thank you for u r quick responce.I heard that mutual funds will have some risk.is HDFC top-200 has any risk?is it giving any guarnteed amount r market based?bcoz alredy i burnt my fingers by investing  money in icici super pension plan.this lic agent is saying that if i invest 5000 per month  in jeevan saral for 20 years then  i can get 4007400 rupees.is it correct.if same amount i invest in hdfc top-200 how much i can get?

    plz let me know bcoz i don't have idea about mutualfunds.

    • Suresh says:

      Ramadevi, Mutual funds comes with some risk, but if you invest for long term, they would be taken care. You can invest in 2-3 funds to diversify your risk. Consider ICICI Pru bluechip focussed fund or HDFC Top 200 or Franklin India blue chip fund etc.

  18. ramadevi says:

    hello sir.

               iam 29 years old.i want to invest 5000 per month in lic jeevan saral policy for 20 years.is it good idea r not.

    can u tell me in whitch type policy i can get more returns.

    • Suresh says:

      Hi Ramadevi, Don’t club insurance and investments. Consider taking Term insurance based on your requirement and balance invest in several investment options like Bank RD or HDFC Top-200 Mutual fund or ICICI Pru focussed bluechip fund etc. If you invest only in insurance policies like what you indicated you would get only 4% to 6%. Whereas other options would provide 9%+ returns. 

  19. arun says:

    Hello sir,

    I have one doubt could you bring out me from that.

    That is i have taken jeevan saaral policy for 16 years on monthly based payment rs.3000.

    I am not sure how much can i get at the end of 16th year and also please advice me whether it is good policy or not.

    Thereafter please suggest me to take short term policy in post office with good outcome.


    • Suresh says:

      Arun, It is good policy. We cannot say about maturity as it would include bonus etc., On an average you can expect 4% to 5.5% on LIC as returns per annum

  20. gopal kumar says:

    hi sureshji i want to invest monthly SIP Rs.2000 in SBI FMCG, PHARMA, TECHNOLOGY AND BANK SECTOR IN Long Term Is This Give Good Return Give Any analysis of Return and risk factor

    • Suresh says:

      Gopal, If you want to invest in SIP and that too in Pharma, FMCG and Banking, you should be careful. These are high risk investments. If you still want to proceed, you can do that by investing in SBI FMCG or ICICI FMCG fund. In Pharma, you can try SBI Pharma fund. In Banking sector, you can consider Reliance Banking or ICICI Banking. Pls note that Banking sector is not doing well in last 1-2 years, they are even more risky at current time

  21. JEETENDRA says:

    Sir, i want to invest 10 laks rupess and want to good returne withen 2 years so please advise me.

    • Suresh says:

      Jeetendra, If you are short term investor for 2 years, invest in Bank FD (returns of 9%) or Debt funds like SBI Dynamic bond fund or IDFC Dynamic bond fund (you can expect returns of 8% to 11%)

  22. Cessieabe2 says:

    Hello! I am a single, low income mom. I have $2500.00 that I want to double in 2-3 years, what exactly can I do to accomplish that. I am completely ignorant about investments…..would a fmcg sector fund work for me?? 

    • Suresh says:

      Hi Cesssieabe, Looks you are outside India. Please don’t invest in sector based mutual funds unless you know the risks involved. These are high risk investments. You may get good returns, but you also face risk. Since you are low income individual, please invest in bank CD (certificate of deposits) in your country. Since I know Indian financial instruments only,not able to advice outside India.

  23. Raju says:

    Dear sir 


    How to investmetn can you call to. or send to contact number. 


    Sureshji, I am a senior cityzen( 63 years old) and now I want to invest my life time savings of Rs.4.0 lakhs and looking for a monthly returns of at least Rs.5000.00. through interest earned.  Advise me which of the options can fetch me what I am looking for. Or advise the best and safe investment options please. I am thinking to become member of FundsIndia, Chennai who are in this business for a few years and I honestly don't know them. Please please please advise correctly.  

    • Suresh says:

      Hi Prakash. You can consider taking fundsindia.com account. However since you are retired, you should look mostly into secured or safe investment options like Bank FD, Post office MIS Scheme etc. If you invest in debt funds, you need to take some risk. However the returns can be high comparing to other options. All these options would provide you a maximim returns of Rs 10%. Means you can get monthly returns of Rs 3,350 per month. 

  25. Sanjiv says:

    Dear Suresh,

    I have come across an AVIVA Family Income Builder plan which says it's  life insurance plan which doubles your Annual Premium.

    What I hv understood if you invest rs.1,00,000/- every yr for 12 yr then from yr 13 onwards till yr 24 you get double the amount which will be rs.2,00,000/-.

    Is this a good policy in comparison to other bank policies which doubles your amount in 7 to 8 yrs.

    Plz advise.


    • Suresh says:

      Sanjiv, This works out to be 5.6% to 5.7% per annum. Another option is to consider taking term insurance by spending Rs 10K for 50L insurance and balance say Rs 90,000 invest in bank FD and get Rs 2.6 Lakhs after 12 years (pre-tax). If you are in highest tax bracket and do not want to take risk, what you indicated could be a good option. Else we can try investing in mutual funds and get good returns post tax.

  26. Biplab says:

    Dear Sureshji,

    I want to invest 50,000 Rs for 5 years.Give some best suggestion.




    • Suresh says:

      Biplab, I hope your query is Rs 50,000 lumpsum and not SIP. If this is lumpsum invest in a combination of funds like HDFC Top-200, ICICI Pru focussed fund or HDFC prudence fund or SBI Dynamic bond fund etc.

  27. Nanmith says:

    The State Bank of Hyderabad has a double scheme @ 9.25% fixed interest and yield of 14.13% interest for a period of 7 y and 7 m. The invested amount with compounding interest becomes double at the end of this period. Is this a good scheme to invest ?

  28. munish singh says:

    Dear Suresh Ji.

    Iam doing Sip of 8000 rs. in 5 years SIP 2and a half year is passed . After 5 years if i leave this for next 5 years then waht would be the value i got if return is just 11% annually.




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