Where should I invest my money as a fresher?
Top Investment Options in India
Investment Options | Period of Investment (Minimum) | Risks |
---|---|---|
Mutual Funds | Within a scheme like ELSS a lock-in period of 3 years | Low-High |
National Pension Scheme | 60 years | Low-High |
Public Provident Fund (PPF) | 15 years | Nil |
Bank Fixed Deposits | 7 days | Nil |
Which is best investment in India?
Top 10 investment options
- Direct equity.
- Equity mutual funds.
- Debt mutual funds.
- National Pension System.
- Public Provident Fund (PPF)
- Bank fixed deposit (FD)
- Senior Citizens’ Saving Scheme (SCSS)
- Pradhan Mantri Vaya Vandana Yojana (PMVVY)
How to select the best investment plans for You?
Firstly, you must consider your investment horizon and goals which will further help you select from the best investment plans. There are investment options which are suitable for Long-term financial goals, some are for short-term objectives and some facilitate tax savings.
What are the best ways to invest your money?
Increase the range of investment plans: With so many best investment options available, put your money into various plans and prevent from sticking to only one form of investments. The range should be from government saving plans to stock market and mutual funds to fixed deposits and various taxing saving plans.
What are the best short-term investments for beginners?
Here are a few of the best short-term investments to consider that still offer you some return. 1. Savings accounts A savings account at a bank or credit union is a good alternative to holding cash in a checking account, which typically pays very little interest on your deposit. The bank will pay interest in a savings account on a regular basis.
What should be the top priority in your investment list?
Retirement investment plans should be the top priority in your investment list and then accordingly one can look into other types of investment. Ensure that you keep on analyzing your retirement goals and investments, as with time your salary increase keeps on adding increasing the money into a retirement plan. 7.