Safe Investment in India: It is very important to make safe investment in today’s time. In this article, know the top safe investment options of the country, which give good returns with low risk and strengthen your financial future.
Low Risk Investment Options: In today’s time, it is very important to put money in the right place, but most people are confused where to invest? An investment that is safe, give good profits without higher risk. Especially when the market fluctuations are common. If you are also looking for such options to increase your money, which keep giving low risk and returns, then this article is for you. Know here India’s most trusted and safe investment options, which will strengthen your future.
PPF: Safe and Tax Saving
PPF (Public Provident Fund) is one of the most popular, reliable and safe investment options in the country. This is the government supported scheme, in which your money remains locked for 15 years. It currently gets a guaranteed interest of 7.1%. Along with this, the investment is completely risk free. Its interest is compound every year. That is, interest is available on interest. This strength of compounding makes it very special. Interest and funds on maturity are tax-free. In this scheme, you can invest up to at least 500 rupees and at least 1.5 lakh rupees every year.
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Fixed Deposit (FD): Guaranteed Return
FD means fixed deposit is such an investment option in which you deposit your money in the bank for a fixed time, which can be from 7 days to 10 years. In this, the bank gives you returns at fixed interest rate. Interest ranging from 6% to 7.5%, which banks decide. Talking about the most benefits of FD, the interest rate is fixed, which does not affect the market fluctuations. DICGC (Deposit Insurance and Credit Guarantee Corporation) insures deposits up to Rs 5 lakh, that is, if someone defaults, even then your money is safe up to Rs 5 lakh.
National Pension System (NPS): Great option for retirement
The NPS (National Pension System) is a voluntary and long term retirement saving scheme of the government. Under this, any Indian citizen can deposit money regularly to meet the financial needs after his retirement. Under this, an NPS account is opened, in which the person himself or his company can deposit money regularly. This contribution is made with the basic salary and dearness allowance (DA) of the employee. The company’s contribution comes in tax exemption under Section 80CCD (2) of the Income Tax Act. According to mutual fund managers, returns up to 8–10%.
Gold ETF: Exchange-traded funds
After the shutdown of Sovereign Gold Bonds (SGB), Gold ETF considers experts good investment. It is a kind of open-ended mutual fund, which is based on the falling house of gold. It is invested in gold digital form. For this, it is necessary to have a demat account. Gold ETFs are purchased in gold units, which means one gram. You can buy small amounts of gold in it. You can buy and sell it anytime like a share. Gold is completely safe due to a demat account. It does not have to pay the making charge and storage charge. The guarantee of gold purity in this is 99.5%.
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Mutual Funds: Investment option according to risk
Mutual funds invest in different assets. If you can take a little risk then debut mutual funds can be right for you. It can get 6% to 12% returns, which depend on the fund. The advantage of this is that experts manage it and is an easy investment option. The risk is less than equity funds and higher than fixed income options. However, market experts must be consulted before investing in mutual funds.
Post Office Monthly Income Scheme (POMIS): Trust of monthly income source
Post Office Monthly Income Account is the safe savings scheme of the Government of India, which gives regular income every month. It is especially beneficial for retiring, elderly and risk avoiding people. In this scheme, the annual interest is divided into 12 parts, which is deposited in your account every month. For example, according to 7.4% interest on investment of Rs 9 lakh, an interest of about 66,600 rupees will be available annually, ie about 5,550 rupees a month. Monthly income also increases by increasing investment in joint account.