Choosing the right investment options is crucial for financial security and growth. Safe investments are those that offer lower risk and stable returns. Here are some safe investment options in India that you can consider.
Savings Investment Plan
A savings investment plan combines savings with investment, offering financial security and growth.
1. Fixed Deposits (FDs)
- Guaranteed returns
- Flexible tenure ranging from 7 days to 10 years
- Interest rates between 5% to 7% per annum
Investment for Regular Income
For those seeking regular income, certain investment plans for monthly income or payouts at regular frequency are tailored to provide steady regular payouts.
1. Post Office Monthly Income Scheme (POMIS)
- Interest rate of 6.6% per annum, payable monthly
- Maturity period of 5 years
2. Senior Citizens Savings Scheme (SCSS)
- Interest rate of 7.4% per annum, payable quarterly
- Maturity period of 5 years
3. Monthly Income Plans (MIPs)
- Hybrid mutual funds investing in debt and equity
- Suitable for moderate risk-takers
Tax-Saving Investments**
Options that offer tax benefits under Section 80C of the Income Tax Act are highly popular among investors.
1. Public Provident Fund (PPF)
- Interest rate of 7.1% per annum
- Lock-in period of 15 years
- Tax-free returns
2. National Savings Certificate (NSC)
- Interest rate of 6.8% per annum
- Maturity period of 5 years
- Interest earned is taxable, but investment amount is eligible for deduction under Section 80C
3. Equity-Linked Savings Scheme (ELSS)
- Lock-in period of 3 years
- Tax deduction up to ₹1.5 lakh under Section 80C
- Potential for higher returns due to equity exposure
4. Life Insurance Plans
- Life cover plans with a savings or investment aspect
- Tax deductions can be claimed for premiums, death benefit, as well as maturity benefits
- ULIPs are considered a better choice for investors with a higher risk appetite
- Endowment plans can be opted for by people who seek guaranteed returns and want to create savings
The tax benefits you may be able to claim on these tax-saving investments are subject to prevalent tax regulations in the country. These benefits may only be available for taxpayer filing their returns under the old tax regime.
Investment Options
You can choose investment options in India based on your requirements, goals, and budget.
1. Government Bonds
- Low risk, backed by the government
- Suitable for risk-averse investors
2. Gold
- Acts as a hedge against inflation
- Can be invested through gold bonds or ETFs
3. Real Estate
- Long-term investment with potential for capital appreciation
- Requires significant capital and is less liquid
4. Debt Mutual Funds
- Invest in fixed-income securities such as bonds and treasury bills
- Lower risk compared to equity mutual funds
Safe investment options are essential for preserving capital while earning moderate returns. By investing in a mix of secure options, you can achieve financial stability and growth. Always assess your risk tolerance and financial goals before choosing the right investment options in India.
** Tax exemptions are as per applicable tax laws from time to time.
Disclaimers:
Disclaimers: IndiaFirst Life Insurance Company Limited, IRDAI Regn No.143, CIN: U66010MH2008PLC183679, Address: 12th & 13th floor, North Tower, Building 4, Nesco IT Park, Nesco Centre, Western Express Highway, Goregaon (East), Mumbai – 400 063. Toll free No – 18002098700. Email id: customer.first@indiafirstlife.com, Website: www.indiafirstlife.com. Fax No.: +912268570600. IndiaFirst Life Insurance Company Limited is only the name of the Life Insurance Company and ________________ UIN ____________ is only the name of the Life Insurance Product and does not in any way indicate the quality of the contract, its future prospects, or returns. For more details on risk factors and terms and conditions, please read the sales brochure carefully before concluding the sale. Trade logo displayed above belongs to our promoter M/s Bank of Baroda and is used by IndiaFirst Life Insurance Co. Ltd under License. Advt.
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