Introduction
Investing is a tricky subject whatever the country you are in. If you are in India and confused on where to invest? Don’t worry we will see the best investment options if you are from India and how to invest it step by step guide.
1. Fixed Deposit
This is one of the popular ways of investing your money safely and many Indians do it.
The first step you need to do is to find the best bank that gives you the maximum rate of returns, here I will be listing some banks that offer high returns.
- Axis Bank
- Union Bank of India
- ICICI Bank
- IDFC First Bank
- Union Bank of India
This type of investment also has some great advantages like making you encouraged to save, Guaranteed returns and High interest for senior citizens and deposit insurance of 5 Lakhs.
2. Mutual Funds
This is best for beginners and for students and one of the safest investment options out there you can invest as low as Rs.100.
Let’s take an example: if you invest Rs.200 you will have a lot of money after 10 years due to compounding effects.
Let me explain why it’s safe to invest your money. When you invest money your money is passed down to investors and generates securities and passed down to fund managers and then they choose the set of funds to invest in.
You give a small share to invest your money safely, that's how fund managers earn.
3. Post Office Saving Schemes
First, let me explain the advantages of investing in post office schemes. You will have no tax exemption and it’s risk-free.
It has a variety of schemes and a lot of available scheme options to invest in and it’s best for long term investment.
You have two options, one is to take your monthly deposit and the other is to invest again all of your investing deposit. You will earn up to 10.5% of the interest you can collect from the banks or deposit to your banks safely.
4. National Pension Scheme
This has some high potential returns and is managed by some best professionals you will have great control over the investment options and have low management costs.
If you are looking for a long term retirement then this is the best one for you. You don’t need to depend on anyone in your last days.
5. Public Provident Funds
If you are an Indian don’t miss out on this best investment opportunity. You can withdraw all your money after the 5th year of investing.
The returns are guaranteed and you can even lock your investments for up to 15 years and have a great chunk of money.
You can contribute up to Rs500 to A lakh per year on this public provident fund.
Conclusion
Happy Earnings
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