Top 10 investment options in India

In today’s time, everyone around prefers putting a part of their earnings into an investment scheme that will yield great returns in the future. Whether you are an average-earning person or a successful businessman, you ought to invest as per your income. Investing not just helps in wealth creation but also helps you meet your future goals in a very promising manner and beat inflation. However, while picking the best investment tool, there are certain factors such as income, market risk, your future goals, etc that help in choosing the right investment options as per your income and requirements. Read on to know all about the best investment options in India. 

Top 10 Investment Options In India

In today’s time, there are so many investment options available in the market that it often becomes a tedious task to pick the right investment plan. To help you out, here is a list of the top 10 investment options in India that you can consider investing in:

1. Unit Linked Investment Plan

Unit Linked Investment Plans or ULIPs are one of the most popular investment plans. Offering dual benefits of life coverage and investment tools, ULIP is highly recommended for all. A part of the premium you pay towards ULIP is used as life insurance coverage, while the remaining is kept for investment. Moreover, ULIP Plans which are long-investment tools also offer the benefits of tax savings. 

2. Gold Investment

For centuries, gold has been deemed a popular tool for investment as it is one of the safest investment options. Investing in gold is less affected by market risks and it even offers a hedge against inflation. Moreover, investing in gold also offers investors flexibility in investing in either digital gold or physical gold. As a part of gold investment, you can buy gold jewellery, invest in gold bond schemes or even buy gold ETFs. Thus, pick a preferred option and multiply your savings.

3. Mutual Funds

A market-linked investment option, mutual funds offer great returns in the long run. If you choose mutual funds over other investment options then your money is invested in a variety of financial instruments such as equity, bonds, stock, and many more. Although the risk factor involved in mutual funds is higher, investing in mutual funds yields high returns as compared to other investment options.

4. Bank Fixed Deposits

You can also choose to invest your money in bank fixed deposits that offer returns based on the bank interest rate. A fixed deposit is where you invest your money for a fixed period of time, during which the return is non-withdrawable. You can check the interest rate of the different banks before a final decision is made. 

5. Post Office Monthly Income Scheme

You can also get an income-generating option by opening an MIS account at the nearest post office. The Post Office Monthly Income Scheme is backed by the government and can be opened with a minimum amount of Rs. 1,500. With this scheme, you can enjoy the benefits of savings by investing a small amount of money every month. However, please note that there are no tax benefits with this scheme.

6. National Pension Scheme

The National Pension Scheme or NPS is also a government-backed scheme that helps create a corpus for retirement. This scheme is looked after by the Pension Fund Regulatory and Development Authority or PFRDA. By investing in this scheme, you can stay independent of your financial burden even after retirement. The National Pension Scheme is also a tax-saving option.

7. Endowment Plans

A type of investment scheme, endowment plans are a good investment tool. This is a long-term investment plan that offers the benefits of tax savings and offers great returns. This type of investment plan is highly recommended for those who have a regular source of income and want to do investments. 

8. Public Provident Fund

The Public Provident Fund or PPF is a type of government-sponsored investment scheme that has a lock-in period of 15 years. This type of investment can be easily opened with any bank or post office. You can also withdraw the PPF amount in case of an emergency. 

9. Senior Citizen Savings Scheme

The Senior Citizen Savings Scheme or SCSS is a popular tax-free investment option in India. Specially designed for individuals above the age of 60 years, the SCSS allows a maximum investment of 15 lakhs. Moreover, the interest rate calculated under this scheme is high and thus offers a good return on investment. 

10. Real Estate

Investing in real estate has grown as a popular investment option in the past few years. Under this, you can invest in a variety of sectors like housing, retail, etc. Many people under this prefer investing in land property as doing so offers high returns after every interval. 

Take Away

Thus, a smart way of investing is to analyse your budget and requirements and then pick an investment option accordingly. You can pick from any of the aforementioned investment options to create wealth for your future needs. If you have any doubts about investment plans, you can also get in touch with us to know more about the different investment options.

Also read: Reasons to invest in digital gold