The person always wants to invest his accumulated capital in a place where his money is also safe and at the same time it can get a certain return. We are telling you about some such options where you can invest your savings.
New Delhi. Often, the employed people are confused about where to invest their money. Where, when and how to invest? Experts believe that a person should start saving for his future as soon as he starts a job. Salary should be more or less, some saving should be done. Experts say that it would be better to invest money where you get double benefit. This means that tax savings can also be made with higher profits. We are telling you about some such investment options where you can invest your salary.
Public Provident Fund (PPF)
Public Provident Fund ie PPF is a popular long-term investment option. It also gives better interest with safe investment. The interest rate on PPF has always been 7 percent to 8 percent. It may increase or decrease slightly depending on the economic situation. Currently the interest rate on PPF is 7.1 per cent, which is compounded annually. Interest on small savings schemes such as PPF is reviewed by the government every quarter. PPF investment is tax free in EEE category. The interest received will also be tax free and the amount received on maturity will also be completely tax free.
Gold
Gold is also a better option for investment. There are many ways to invest in it, such as Gold ETF, Gold Coins, Sovereign Gold Bond Scheme. Gold ETF and sovereign gold scheme are better in this because there is no fear of theft. Experts believe that investors should also invest a part of their investment in gold. This keeps his portfolio balanced.
Equity Mutual Fund
Experts tell that employed people should invest a part of the investment in mutual funds. It would be better to invest in Equity Mutual Fund through SIP in Mutual. In this, investors benefit from the boom in the stock market. Here you can start an investment of less than 500 rupees. Investors who have started jobs can invest here. This is a good option for them.
Recurring Deposit (RD)
You can invest in recurring deposit RD a little bit every month. This is a better option for regular saving. The minimum limit for investing in recurring deposits of most banks starts from Rs 500. In this, the interest rates of all also vary. SBI is paying interest from recurring deposit 5 to 5.4.
