Everyone Can Profit From These 9 Great Investment Options
We will discuss nine investment options that can make you wealthy.The more time you invest in these options, the more profits you will make. Know more about these 9 options.
Share Market
Nowadays, many people are investing in the stock market. You can also start in the stock market. This can be a good investment option. But it has to be invested for a long time. Investing in direct equity is risky, so enter only with expert advice.
Mutual Fund
If you are apprehensive about investing in direct equity, then this mutual fund is the best option for you. There are basically two types of funds. First Equity Funds and second Debt Funds. You can get higher returns in equity funds.
FD
Fixed Deposit (FD) is a financial instrument provided by banks or NBFCs that offers investors a higher rate of interest than a regular savings account until a given maturity date. This may or may not require opening a separate account.
PPF
The Public Provident Fund is a savings and tax-saving option in India that was introduced in 1968 by the Ministry of Finance’s National Savings Institute.
The main objective of this scheme is to mobilise your small savings and give you interest on it. It will give you reasonable returns along with income tax benefits.
Gold ETF
Gold ETF is considered a good option to invest in gold. The gold ETF is actually a mutual fund. Gold ETFs also move up and down on the rate of gold.
Gold ETF investors get to earn strong returns over the long term. The good thing is that gold ETFs are in electronic form.
RD
RD (Recurring Deposit) is a special type of fixed deposit offered by Indian banks that helps people with regular income to deposit a fixed amount every month in their RD account and earn interest at the rate applicable to fixed deposits. In this, you deposit a little money every month.
National Pension Scheme (NPS)
National Pension Scheme (NPS) is one of the government pension schemes. Investments made in NPS provide safety and strong returns.
This is one such investment option, in which you can get Rs 34 lakhs at the time of retirement by depositing Rs 1500 every month or Rs 50 daily.
Senior Citizen Savings Scheme
It is one of the prime investment options for those over 60. After retirement, people try to keep their money safe.
This gives them very low returns. But SCSS is still a good option. It is a low risk scheme just like bank FD and post office FD.
Bonds
Bond market is quite unlike other investment options like equity, real estate, etc. Bonds are very sensitive to inflation. The higher the rating of a bond, the better its creditworthiness and the less likely it is to default.
