Best Investment Option in India: Experts say that it would be better to invest money where you get double benefit. This means that tax savings can also be made with higher profits. We are telling you about some such investment options where you can invest your salary.
New Delhi. Employed people often have confusion about where to invest their money. Experts believe that a person should start saving for his future as soon as he starts a job. Salary should be more or less, some saving should be done. Experts say that it would be better to invest money where you get double benefit. This means that tax savings can also be made with higher profits. We are telling you about some such investment options where you can invest your salary. (1) Public Provident Fund (PPF):
Public Provident Fund ie PPF is a popular long-term investment option. It also gives better interest with safe investment. It is getting interest at the rate of 7.1 percent, which is better than the investment in the bank. Interest on small savings schemes such as PPF is reviewed by the government every quarter. PPF investment is tax free in EEE category. Interest will also be tax free and the amount received on maturity will also be completely tax free.
(2) Gold: Gold is also a better option for investment. There are many ways to invest in it, such as Gold ETF, Gold Coins, Sovereign Gold Bond Scheme. Gold ETF and sovereign gold scheme are better in this because there is no fear of theft. Experts believe that investors should also invest a part of their investment in gold. This keeps his portfolio balanced.
(3) Equity Mutual Fund: Experts say that a part of the employed people should invest in mutual funds. It would be better to invest in Equity Mutual Fund through SIP in Mutual. In this, investors benefit from the boom in the stock market. Here you can start an investment of less than 500 rupees. Investors who have started jobs can invest here. This is a good option for them.
(4) Recurring Deposit (RD):
You can invest in recurring deposit RD a little bit every month. It is better in terms of regular saving. Most banks have a minimum investment limit of Rs 500 starting in recurring deposits. It is getting interest up to 7.50 per cent.
