4 min read
Updated on Apr 27, 2023
Gone are the days when saving money was the best option to create wealth. Today, the best solution is investing your money. With so many options available in the market, it has become very easy to choose investment options. As a matter of fact, investing your money can make the amount double in a shorter time. The risk level of the investment options can be chosen depending on your risk appetite. So, let us discuss the types of investments without wasting any time further.
There are different types of investment plans available in India. Here we mention a few of them:
In mutual funds, the money is collected from several investors and then further invested in products to achieve goals that are mutually agreed upon. These funds are managed by a fund manager.
Public Provident Fund, also called PPF, is one of the most sought-after types of investment in India that offers profitable returns after retirement. Backed by the Government of India, this savings program enables you to deposit money for a certain period which is fixed. You get interest in your investment. The interest rate offered by PPF is 8%.
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Popularly called ULIP, Unit Linked Insurance Plan is a types of investment in India that you can opt for. As you put your money in ULIP, you get the benefits of both investments as well as insurance coverage in a single package. Apart from this, you will also be able to save on income tax.
Stocks are one of the most popular types of investment in India. As you purchase a stock of any company, you become a shareholder of the company. It then depends on the success or failure of a company that you gain profit or lose your money in stock.
When you buy bonds, you are actually lending money to the institution or the Government of India. And as you do it, you get a fixed rate of interest which acts as a return on investment. You must know that some bonds come with high risk while some have low.
When you invest your money, there are some objectives that you should be aware of. Here are the objectives of investment that you can take a look at:
When you invest your money in various schemes or policies, you do not spend all your money on various things or put everything in savings. If your goal is to make your money double, then there is no better way than investing your hard-earned money. However, you should choose investment options based on your risk appetite since there are several types of investment plans in the market.
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Your income becomes steady with investing your money. Some examples of these kinds of investments are Post Office Time Deposits and Fixed Deposits which offer regular interest. Post-retirement, these types of investments help in paying regular expenses.
With investing money, your capital grows. If it is not growing, it is not an investment and mere savings. Therefore, you can choose from high-risk investment options such as equity, real estate, mutual funds, and the stock market.
The tax deduction is a major objective of investing your money which we cannot just miss out on mentioning. We can even call it a benefit of investment. And as you try to save money on taxes, you can opt for life insurance policies.
Two potential ways to create wealth these days even for a common man is by saving or investing your money. However, if you put your money in savings, you will just get some interest on it and the money will not grow. On the other hand, if you invest your money, the funds will only multiply. It also depends upon the level of investment risk.
Investing enables you to make your money do the work and get higher returns than simple savings. Investing also helps you create wealth for the future and makes it possible for you to meet your financial goals set by you.
The discipline of investment can create a life-long habit contributing towards your future goals. You can choose between the various investment types and go for the one that matches your risk appetite and fetches the highest returns accordingly.
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The objectives of investments are safety, income, and capital gains.
Some of the types of investments are growth investments, fixed interest, defensive investments, and real estate.
The high-risk investments include Cryptoassets, Contracts for Differences, Mini-bonds, and Land banking.
The 60/40 rule in investing indicates 60% investment of assets in equities and 40% in bonds.
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