There are a plethora of investment plan options to consider when you are looking to invest your hard earned money which includes Fixed Deposit, Public Provident Funds, Mutual Funds, Investment plans, Investment in Gold etc. Investment in these options will help you create wealth for your better future in order to make it secure. Taking an investment plan will help at the time of financial crunch meaning when you do not have a sufficient amount of funds to meet your personal and financial requirements. They may provide you with quick funds when you need them the most.
Let’s have a look at some of the best investment plans:
Fixed Deposit (FD)
Fixed Deposit interest rates are one of the most loved avenues for investment among rest due to great features such as level of safety, the proliferation of banks, surety of returns, preservation of capital along with the involvement of less risk. If you are planning to earn a higher return on your investment then you may choose this option. You can even start investing in these Fixed deposits from a very low amount starting from Rs. 1,000.
Public Provident Fund (PPF)
The Public Provident Fund (PPF) is one of the safest options for you if you are someone who is looking for a long-term investment option. The best part about investing in a PPF is that you are not required to pay any additional tax on the interest you earn from PPF. When you open a PPF account in a bank, the money you deposit gets locked for a longer period of 15 years. You earn compound interest on this locked money on a regular basis. You may even extend your term to another 5 years if you are happy and satisfied with the return on your investment.
Gold is one of the oldest investment options among investors. It is quite a popular asset in which most of the people would like to invest as they are highly liquid in nature. There are many investment options in gold like gold deposit scheme, gold ETFs, gold bars and gold Mutual Funds. The investment period starts from 3 months and can go up to 5-10 years as well.
Direct equity investment
It is considered as one of the most volatile options when it comes to investment. These schemes allow one to earn quite a greater amount of return on their investment unlike no other investment plans currently available in the market. Many of the youngsters are now investing in the equities in order to gain higher returns as these are less riskier in nature and that assure guaranteed returns over a period of time. The scheme can let you earn greater benefits if you are well aware of the day to day market operations.
Real Estate Investment
This is one of the best investment plans for those who have a significant amount of funds with them to earn additional profits and greater return on their investment. It is one of the long-term investment that can fetch you a greater profit over a period of time. The fast-paced development and urbanization have made the need to invest in this sector due to the rise in the property changes that allow you to earn a greater return on your investment.
Mutual funds are one of those investment options that generate higher income if planned wisely. Mutual funds are basically a common pool of money wherein the multiple investors invest in various equity options, bonds, and other available market instruments.
Post Office Schemes
If you are someone who is looking for a short-investment plan that ensures higher returns, then this is one of the best investment options to opt for. One of the best schemes provided by Indian Postal Services is the monthly income plan which is quite suitable for retired peoples with regular income requirements.
Unit Linked Insurance Plans (ULIP)
ULIP is a combination of insurance and investment, wherein a policyholder invests some amount of money in insurance and some in other investment options like mutual funds (debt or equity). The fluctuations in your investment made in ULIPs are counted by the net asset value (NAV).
Senior Citizen Saving Scheme
They are the risk-free, tax saving investment best suited for senior citizens or the individuals who are above 60 years of age. They offer an attractive rate of return on the investment. One can invest a maximum of Rs. 15 lakhs in this scheme. By making an investment in this scheme, the senior citizens also get some additional benefits on their investment.
Investment In Bonds
Investments in bonds are also one of the best investment alternatives among the rest which actually brings a higher rate of returns over a period of time on your investment made.
You should always be aware of all the terms and conditions related to it so that they may offer you greater and assured returns on your investment. Investment plan options help one to secure the future by saving some amount of funds to meet your emergency requirement. It is always suggested that you should always take advise of any financial expert to plan your investment before a finalizing your decision to invest your hard earned money into different investment plans. Before making an investment you should also know about the following things like the purpose of your investment, investment period, risk factors involved and rate of return etc. Before you make your planned investment in any of the above-mentioned investment scheme, you also need to identify each and everything involved with that option to ensure yourself that you earn maximum returns on your investment. Additionally, you are also required to evaluate whether your investment is in line with your personal goals or not which you have pre-planned. The better your understanding of these investment plans, the better will be your returns.