There’s no dearth of investment options in the market today, but that doesn’t make it easier to choose the right investment. There’s a constant fear of risk, not getting sufficient returns or an investment plan simply not working out for you. Don’t let that hold you back. Investment experts would agree that it’s a balanced combination of trial and error until you figure out the right investment plan. Begin with narrowing down your options to make research and comparison easier. A look at the popular plans may help.
Investment plans are financial instruments that help individuals and organisations build sustainable wealth. To achieve financial goals, we should invest our savings in a disciplined manner by means of various financial plans. Long-term systematic investments allow us to maximise our savings and enable wealth creation for the future.
The best investing tips in India involve determining your risk profile and financial needs, after which you can decide what investment plan will meet those needs. Some popular investment plans in India include Fixed Deposits, Public Provident Fund, Employees’ Provident Fund, Sukanya Samriddhi Yojana, and Post Office savings schemes.
Let us look at each of these in detail.
1. Bank Fixed Deposit (FD)
In India, investing in a fixed deposit with ...