Which plan can get higher returns? What is the best plan for a safe return? Many such questions come to mind when investing. (Safe Investment Option Plan)
Mumbai: The incidence of corona is increasing day by day. During this time everyone is thinking of making long term investments for the future. Which plan can get higher returns? What is the best plan for a safe return? Many such questions come to mind when investing. There are several investment plans available in the market right now. But do not blindly believe any of these plans. According to experts, there are currently 5 important options for investing. Through which you can earn good money in the future. Also, investing money in it can definitely benefit you. (Which Is Safe Investment Option With Extra Return)
1. Fixed Deposit (FD)
Fixed deposit is an important option for safe and long term investment. In FD you get the right interest along with the investment. So as you get interest on the amount invested, your investment increases. The compound interest option in the FD increases the lump sum amount received after a few years. So you can become a millionaire. The FD provides separate arrangements for senior citizens. In which they earn more interest than regular FDs. In it they can determine the way to earn monthly or annual income.
FDs do not affect your daily expenses. You need to invest a certain amount in it. You pay interest on your money. Most importantly, you can also borrow on FD. FDs give you the option to repay the loan amount for a maximum of one year. Also you can break the FD if you need money in a few years. Therefore, FD is considered to be the best investment tool in terms of all facilities.
2-Recurring Deposit (RD)
Experts always say that FD and RD are two sides of the same coin. An investment in a recurring deposit is considered as safe as an FD. In FD you have to invest a certain amount at a time. But in RD you can invest a certain amount every month. For this you have to set a specific period. After this period, the bank refunds you the principal amount with interest.
The most important feature of this is that you can invest any amount up to Rs 100 per month. If you want to make some financial investment throughout the year, this RD is a great option. It guarantees you a fixed return. Therefore, like FD, RD is considered a good option. ICICI Bank offers RD facility from Rs.
3-Gold
Gold has always been seen as a safe investment. Many people buy gold during the festive season when the price of gold is skyrocketing. Therefore, gold jewelery or investment in it is considered to be the safest in India. Once bought, the gold will remain in the house, but its price will not change. With few exceptions, gold prices have continued to rise. Gold is also considered to be the best tool in terms of returns. Even if the stock market collapses, the price of gold does not fall quickly.
The demand for gold is always stable. So for those who want a higher return on gold, invest in digital gold, gold bonds or gold exchange traded funds in addition to jewelry.
4- Life Insurance Policy (LIP)
When the stock market fluctuates, there is a fear of losing money. At this point, a life insurance policy can give you relief. A life insurance policy, especially an endomet plan, can offer you two types of benefits. In addition to life cover, you can also get a good return after maturity. An insurance policy protects your family financially, including your future. It benefits you if you die suddenly or have an accident. If you also want to invest in an insurance policy, you have to pay it off on time.
5-National Pension Scheme (NPS)
If one wants to invest for a long period of time, NPS is the best medium for it. You are also guaranteed a return if the deposit capital is safe. Most importantly, the scheme falls under the purview of the Government of India. Therefore, the depositor gets a fixed amount after retirement. The scheme has been launched with the objective of keeping its expenditure running smoothly. NPS offers interest ranging from 7 per cent to 10 per cent. There are also many tax benefits and concessions. (Which Is Safe Investment Option With Extra Return)
