Best Investment Plan In India
It is very important to plan ahead and one of the most important things that Indians take into consideration while planning to secure their future is choosing the right investment plan. There are a number of ways you can invest your money, but when you invest in the right way, you will reap better rewards. If you’re looking for smart investment plans, here are some of the best ways to invest your money for a better future.
5. Corporate/Commercial Deposits (CDs)
Corporate deposits are a great way to secure your future and increase the money you invested. This mode of investment is higher in comparison to traditional fixed deposits; however the risk is a little higher. You need to make a smart investment if you plan on choosing this method of investment. The benefits are of a short term investment plan and are similar to that of a mutual fund, but with a lower risk. Always pick a reliable bank when opting in for this method of investment since it is always safer. Some of the banks that offer good interest rates and are safe to invest include HDFC, ICICI Bank, SBI and L&T. The interest rate varies from 8.5% to 11%.
4. Gold/Commodity investments
Gold is a major form of investment in most Indian households. While people might consider this a risky form of investment, history proves that the rate of gold just keeps increasing. If you plan on investing in gold, look at it as a long term investment for better benefits. Gold is not just an investment but also a fashion accessory, and while some people choose to invest in jewelry, you should keep in mind that this investment might not pay off as well as the coins or biscuits pay off. If you want to buy gold as an investment, make the right choice.
3. Real Estate Investments
This might sound lucrative, but it is risky. In order to invest in real estate you need to put down a lot of money. While you can reap the benefits of leasing the property, it is essential to choose the right location. Real estate investment is all based on location so if you’re eyeing a property that’s in a prime location and can be leased out for a good amount, this is a great investment. It is also very important to take your time while making real estate investments. Make sure to check all the documentation and paperwork before buying the property.
2. Direct Equity/Stock Investments
This form of investment is only advisable if you understand the stock market. It is a risky game with high rewards if the investment works as planned. If you have enough money to invest, make sure to invest in multiple stocks to stay safe. It is also essential to remember that not all big companies will get you great rewards, there are some small companies too that have amazing potential. Always take your time to research about the company before you make an investment. You do not need to restrict yourself to Indian companies; you can look for companies that have a global presence too.
1. Diversified Mutual Funds Investments
If you’re interested in the stock market, but you don’t want to take the risk, you can choose to invest in Diversified Mutual Funds. This is not as beneficial as a direct stock investment, but it is safer and you can earn more money if you pick a long term plan here. You can choose to invest in mutual funds by contacting your bank. It is easy, convenient and will help you earn more out of your savings.