Boiling long-term wealth is a mammoth task. Saving money and investing it wisely requires a lot of research, not to mention the availability of sufficient funds. Most people prefer to build their wealth the traditional way by investing in safe options that guarantee returns with minimum risks, which is why they prefer safe investments options.
What is a Safe Investment?
Safe investments are those that involve minimal risks. It is always tempting to look for investment vehicles that promise ‘higher returns’, however, one must have the risk appetite for that as well. Safe investments are ideal for investors who know that money is saved for long-term and will gain slow but sure returns.
We curated a list of top best investment options in India where you can find one suited for your needs:
1) Public Provident Fund(PPF):
If your company/business does not offer you the protection of provident fund, it is a good idea to open a PPF account. You can invest anything from Rs.500 to Rs.1,50, 000 in a financial year. Keep in mind that the PPF accounts comes with a lock in period of 15 years and you can withdraw money only after the 8th year. As per the new Government mandate, the rate of interest in PPF accounts changes every quarter.
2) Sukanya Samriddhi Yojana:
If you’ve dreamed of gifting your daughter with an opportunity to excel in life, the Sunkanya Samriddhi Yojana is a plan that helps you build a corpus for your daughter’s education. The account is easily accessible at the nearest post office and commercial banks. You can invest as less as Rs. 1000 in a year and the maximum period of investment is 21 years.
3) Post office schemes:
Post office schemes are one of the best investment options in India, ideally suited for investors looking for safe and long-term investments. The monthly fixed income for this investment is parked at the rate of 8.5% per annum. The minimum investment amount is Rs. 1500 and maximum can go up to Rs.4.5 lakhs.
4) Mutual Funds:
Mutual funds are considered as one of the best investment plans to gain higher returns from a long-term perspective. Mutual funds act as a common pool of money where multiple investors invest in bonds, equities and other money market instruments. Debt mutual funds are a good option as they park the money in government bonds and securities, commercial papers, etc. which naturally make them safe.
5) Initial Public Offerings:
IPOs are the types of offerings by newly launched companies where they invite public to buy their shares without listing on the stock exchange. Initially, companies issue the shares at low cost, but once they get listed on the stock exchange, the prices go up high.
6) Investments in Gold:
Investments in gold are the evergreen investment products. The government of India issues Sovereign Gold Bonds that is an alternative to holding physical gold bonds. Gold bonds offer transparency and are ideal for small investments. These securities, unlike physical gold, do not entail storage costs.
What is a Safe Investment?
Safe investments are those that involve minimal risks. It is always tempting to look for investment vehicles that promise ‘higher returns’, however, one must have the risk appetite for that as well. Safe investments are ideal for investors who know that money is saved for long-term and will gain slow but sure returns.
We curated a list of top best investment options in India where you can find one suited for your needs:
1) Public Provident Fund(PPF):
If your company/business does not offer you the protection of provident fund, it is a good idea to open a PPF account. You can invest anything from Rs.500 to Rs.1,50, 000 in a financial year. Keep in mind that the PPF accounts comes with a lock in period of 15 years and you can withdraw money only after the 8th year. As per the new Government mandate, the rate of interest in PPF accounts changes every quarter.
2) Sukanya Samriddhi Yojana:
If you’ve dreamed of gifting your daughter with an opportunity to excel in life, the Sunkanya Samriddhi Yojana is a plan that helps you build a corpus for your daughter’s education. The account is easily accessible at the nearest post office and commercial banks. You can invest as less as Rs. 1000 in a year and the maximum period of investment is 21 years.
3) Post office schemes:
Post office schemes are one of the best investment options in India, ideally suited for investors looking for safe and long-term investments. The monthly fixed income for this investment is parked at the rate of 8.5% per annum. The minimum investment amount is Rs. 1500 and maximum can go up to Rs.4.5 lakhs.
4) Mutual Funds:
Mutual funds are considered as one of the best investment plans to gain higher returns from a long-term perspective. Mutual funds act as a common pool of money where multiple investors invest in bonds, equities and other money market instruments. Debt mutual funds are a good option as they park the money in government bonds and securities, commercial papers, etc. which naturally make them safe.
5) Initial Public Offerings:
IPOs are the types of offerings by newly launched companies where they invite public to buy their shares without listing on the stock exchange. Initially, companies issue the shares at low cost, but once they get listed on the stock exchange, the prices go up high.
6) Investments in Gold:
Investments in gold are the evergreen investment products. The government of India issues Sovereign Gold Bonds that is an alternative to holding physical gold bonds. Gold bonds offer transparency and are ideal for small investments. These securities, unlike physical gold, do not entail storage costs.
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