Dream11. Rajiv Kumar, who hails from Kangra district of Himachal Pradesh, changed overnight. Vegetable seller Rajiv by profession tried his luck in Dream11 and won a huge amount of Rs 1 crore 10 lakh. Rajiv has a small family, and he used to run the household expenses from his vegetable shop. However, he was fond of playing Dream11, but never thought that this hobby would make him a millionaire.
How much money will be received in hand?
According to Akash Srivastava, Chartered Accountant of Jamshedpur, 30 percent of this prize money will be deducted as TDS, which will bring about 77 lakh rupees in Rajiv’s hand. This amount is very big for any common man, so it is very important to invest it in the right place. If the money is invested with the advice given correctly, then the money is likely to be doubled in just 5 years.
How to invest the right money?
According to economic experts, such a huge amount should be spent carefully and investing thoughtfully. Chartered Accountant has advised Rajiv to invest this amount in various fields so that they can get safe and more profitable returns.
The correct investment option and estimated return…
1. Fixed Deposit (FD) – 30%
This is the safest way of investment, which can get interest at the rate of 6-7% annually.
2. Mutual Fund – 25%
Equity and date mutual funds can be good options for long -term investment. There is a possibility of getting an average return of 10-12%.
3. Gold and Government Bonds – 15%
This is a safe means of investment, which can give a stable return of 7-9%.
4. Real Estate – 20%
If Rajiv wants to buy property, then he should take a loan and pay through EMI and invest the rest of the money. This will also make their property and the principal will also be safe.
5. Insurance and Tax Saving Investment – 10%
Investing in Health Insurance, Life Insurance and Tax Saving Mutual Fund will not only provide security but will also provide tax savings.
It is necessary to avoid gambling addiction
Chartered Accountant Akash Srivastava also said that such sports should only play for entertainment and should not change it into habit or addiction. Many people have lost all their money in such sports. After winning in the beginning, people often start playing more and later suffer heavy losses.
This amount is a golden opportunity for Rajiv to change his life, but they have to invest it correctly so that this money can strengthen their economic condition for a long time. Chartered Accountants have advised them not to invest any kind of gambling or betting again, because the faster the money comes, the faster it goes.
