Well, there are multiple ways to do that. Some examples are by investing in stocks, mutual funds, P2P loans, fixed deposits, etc. But the risk, returns and time required to achieve your end goal will vary for each of these instruments. Also which instrument is suitable for you depends on your risk appetite and age as well.
My personal recommendation, in this case, will be to invest in P2P loans. The investment risk in P2P lending is actually less than the stock market. Even if there is a crash someday in the stock market, you will still keep getting your monthly EMIs from the invested loans.
Let’s look at this with the help of an example. On average P2P loans offer a return of 18%. So if you invest Rs.20,000 today into a P2P loan at an 18% rate of interest, then your money will become Rs.2,00,000 in 14 years. And that too with minimal risk. What more can we ask for? Such a combination of returns & risk is rarely seen.
If you want to know more about P2P loans, read the below article: