Which are the Best Investment Plans in India?
Several investment options can be ideal for wealth creation. However, the best instrument for you depends on your risk appetite, investment objectives, investment profile, and liquidity requirements.
Here are some investment options that can offer high returns:
PPF (Public Provident Fund)
PPF is a post-office savings scheme opted by investors who want to ensure safety for their invested capital. The minimum amount that one can invest in PPF is Rs. 500 whereas up to Rs. 1,50,000 can be invested in a year. The amount can be deposited every month or at once. The best part of this investment plan is that you don’t have to pay tax on both invested amount and interest earnings.
Post Office Saving Schemes
Other Post Office Saving Schemes such as Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC are also ideal for earning risk-free returns. For example, the Senior Citizen Saving Scheme allows investors above 60 to invest a bulk amount ranging from Rs. 1000 to Rs. 15,00,000 at once depending upon their financial obligations. Apart from offering a high rate of interest it also provides the option of yearly interest payout.
Company bonds
Company bonds are offered by companies who wish to avoid taking loans from the banks. Instead, they seek the capital from the investors who get a bond certificate for lending the amount to them.
You usually get a bi-annual interest payout every year and the invested amount is paid at maturity. Though a high rate of interest is offered by company bonds, the risk factor gets higher as you opt for bonds offering a higher interest rate.
Fixed deposits
Fixed deposits have been ensuring a safe passage for investors who want to earn high returns. The flexible investment tenors and easy liquidity offered by FD plans make them a convenient option than most of the above-mentioned options. Moreover, you can also grow your deposits at a steady rate by investing in corporate FDs.
Bajaj Finance FD, for example, is a corporate FD that guarantees safety to your investments. It offers an FD interest rate of up to 6.75% and you can verify the high returns by using the FD calculator given on its portal. Fixed Deposit Compound Interest Calculator is an investment calculator that predicts the maturity amount and interest gains once you provide values like deposit amount and tenor.
The online FD form available on its website provides a convenient online investment process. By opting for this mode of investment, you get a higher interest rate of 0.10%.
Bajaj Finance FD allows senior citizens to grow their investment at a 0.25% higher FD rate. Choose from the multiple interest payout options that enable you to receive interest after every year, month, quarter, or six months to manage your additional expenses.
The high credit ratings offered by CRISIL and ICRA for providing a stable investment platform for investors make Bajaj Finance FD a risk-free investment avenue for you. Also, you may withdraw your deposits during an emergency easily if they have completed the initial lock-in period of 3 months. These options and ease of investment make it one of the best investment plans in India.
Investing money for wealth creation is a must. Choose an instrument that is ideal according to your investment portfolio, risk appetite, liquidity needs, and some other factors. While PPF, SCSS, and some other small saving schemes offer risk-free returns, you might not get flexible investment and liquidity options from them. Fixed deposits on the other hand offer convenient investment options and easy liquidity.
By investing in company FDs like Bajaj Finance FD, grow your investment at a high speed without exposing them to risks. The higher rate of interest applies to online investors and senior citizens. Moreover, the multiple interest payout options and high credit ratings provided by credit rating organizations make it one of the better investment plans in the country.
