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Taking up a regular and systematic investment plan is important if you aspire for financial independence. You should select the Best Investment Options based on your investment capacity, possible return on investment, applicable taxes, and personal financial goals. Investors looking for the safest investment tools should opt for fixed deposits. Please select the longest investment term if you want the highest FD interest. In addition, it will help if you invest in PPF, ULIP, Mutual funds, and Real estate. PPF contribution entitles you to a 100% tax exemption on your contribution to the maximum limit of 1.5 Lakhs per financial year.
Considering the ever-rising inflation, it isn’t easy to suffice with the present income. In the long run, the only thing that can help you overcome inflation and maintain the standard of living is to make your money grow at a rate over inflation. It is where regular and systematic investment becomes so crucial. Unless you work along this line, you cannot match the rising cost of living, leave alone the chance to beat it. Therefore, you should look for the highest FD Interest rates and other worthy ways to make your money grow. The paragraphs underneath shall discuss the best investment options.
Public Provident Fund
It is the best investment options if you want to begin with the minimum contribution and allow the investment to manifold significantly over a longer term. The best part about PPF is that it gets controlled and operated by the Government. As such, it is as secure as a fixed deposit. You are permitted to open one account with any bank and make a maximum of 12 contribution instalments toward the PPF account. The lower and the higher ceiling for investment in a year is Rupees 500 and Rupees 1.5 Lakhs per annum.
Most importantly, you get a 100% tax exemption for the maximum limit of 1.5 Lakhs per assessment year. Please remember that you are not allowed to make a partial or complete withdrawal before the maturity of the investment term. However, after four years of contribution, you can apply for up to 25% loan of the amount accumulated in your account.
Unit Linked Insurance Policy
It fetches 2-fold benefits to the investor as it entitles them to life insurance coverage for a part of their contribution. Another half of the contribution gets invested in market-linked investment plans, which work on the financial endowment. Though there is no commitment to assured return, ULIP investment has consistently produced one of the best returns for the last few years. The best part is that you can start with the minimum contribution.
Systematic Investment Plans
The demand for SIPs has been rising consistently for years, establishing its worthiness to produce significant returns. You can select the SIPs based on your investment capacity and the financial goals that you wish to accomplish. Investors can start with as minimum as Rupees 500 a month and easily achieve financial endowment over a fair time. SIPs add excellent diversity to your investment portfolio.
Real estate Investment
Real Estate Investment paves the way for revenue and capital gains, and it is the only fixed asset that appreciates its value. Most importantly, the loan you avail for financing real estate investment qualifies for tax exemption. You can focus on regular income by renting the estate, or you may consider reselling it after its value takes significant appreciation. If you have a large investible fund, you should not miss out on real estate investment. It is one of the least risky investments and thus adds excellent diversity to your portfolio.
You Cannot Afford to Miss the Fixed Deposit.
Alternatively, consider taking cash loans by pledging the fixed deposit certificate. If you are looking for the highest FD Interest rates, you should always opt for the longest investment tenure. One can open a fixed deposit account in any bank or NBFC at any time, and you get entitled to assured income at a pre-determined rate.
For generations, FDs have been one of the most sought-after investment options for Indian investors. This investment tool is especially popular among investors looking for lifetime savings or is reluctant to shoulder major investment risk. You can select the investment tenure between 7 days to 10 years and opt for a cumulative or non-cumulative payout based on your financial plans and needs. It deserves a special mention that FDs features one of the highest cash liquidity. You can withdraw your corpus anytime between the investment tenure and paying a premature withdrawal penalty.
