The Best Financial Investment Planning in India 2020


The Best Financial Investment Planning in India 2020

If you live in India then you would understand the value of money. It is essential for future needs. For this reason, it is a good strategy to start saving early. Good financial investment planning can give a good future. Here are the top 10 best investment plans in India 2020.

The Best Financial Investment Planning in India 2020
The Best Financial Investment Planning in India 2020

Financial Investment Planning- Bank Fixed Deposits

It is a zero-risk policy. Here you get a fixed return on your money. The interest may vary from bank to bank but you can expect 5%- 7% of return on your money. The minimum investment period starts is 7 days.The Best Financial Investment Planning in India 2020It is a zero-risk policy. Here you get a fixed return on your money. The interest may vary from bank to bank but you can expect 5%- 7% of return on your money. The minimum investment period starts is 7 days.

Financial Investment Planning- Bank Fixed Deposits

Another risk-free investment is the Public Provident Fund (PPF). In this scheme, you may get a return of around 7.9%. However, you need to invest for a long time. The minimum period for this scheme is 15 years.

Financial Investment Planning- Senior Citizens Saving Schemes (SCSS)

For old people, Senior Citizens Saving Schemes (SCSS) is the best. Here they get around 8.7% of the return. It is completely risk-free and the minimum time of investment is only 5 years. This scheme also gives tax rebates.

Financial Investment Planning- Post Office Monthly Income Scheme (POMIS)

Post offices are not only for letters. Now they also function as a bank. Here you can put your money and get a return around 7.7%. It is also risk-free and anyone can put their money into this scheme. However, you do not get any tax rebate here.

Financial Investment Planning- Recurring Deposits

If you are young and save little money regularly, then you can try Recurring Deposits. The minimum period of investment is only 6 months. You can see it as a short term risk-free investment. You can expect around 7% of the return on it.

Financial Investment Planning- Unit Linked Insurance Plans (Ulips)

This scheme gives life coverage through insurance. Here the return is moderate and depends on company to company. In this scheme is tax rebate is available. It secures your family’s future from any uncertain event.

National Pension Scheme (NPS)

It is a long term investment, where the government grantees the security of the deposit. In this scheme, you can expect return around 8%-10% of the return. However, it is for the long term and you get a return only after retirement.

The Best Financial Investment Planning in India 2020
The Best Financial Investment Planning in India 2020

Gold ETF

Gold is an expensive metal. For this reason, everyone considers it a secure investment. However, the return depends on the market value of gold. However, it is a taxable investment.

Equity

Investment in equity is the best way to maximize your return. However, you need good knowledge of the stock market. Even though it is a risky investment but the chances of earning are much more.

Mutual fund

If you don’t like the hassle of the stock market then you can try investing in a mutual fund. Over a medium and long investment, you get a good return on it. Under the current tax law, investment in mutual funds is completely tax-free. Here you get a good return with moderate risk.

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