Investment options
SIP’s popularity grew very fast in the last few years. The reason for this was that the market shows a unilateral boom and a rough return to investors. Now when the market has a big decline, investors are upset. For the last 4 years, the mutual fund in which he has been siping, he has given negative returns. That is, the return is over, there is also a loss in the principal. If you are also among those investors, then it is important for you to understand that the only option in the market is not SIP. You can not only keep your money safe by investing in investment products with fixed returns, but can also get a fixed return. Let’s take a look at the investment product available in the market other than SIP and mutual funds.
Fixed Deposit (FD)
Fixed Deposit (FD) is a Sahabhar product for low risk and fix returns seeking investors. The risk in this is negligible and the return is scheduled. FD also has many other benefits. You can remove it at any time when needed. Banks also offer loan facilities on FD. There is also relief in economy tax. You can choose the FD duration as per your need. You can withdraw money when you need.
Public Provident Fund (PPF)
PPF is a popular savings scheme in India. Currently PPF is getting interest at the rate of 7.1%. This saving scheme is completely safe with government guarantee. The maturity period of PPF is 15 years which can be extended for five more years. Tax exemption can also be taken under Section 80C of Economic Tax by investing in PPF.
Recharging Deposits (RD)
Recurring deposit or RD is a saving plan offered by banks and post offices that allow small investors to deposit a certain amount at regular intervals for a certain period. RD is considered a safe investment scheme, which is ideal for individuals looking for short -term investment. If you want to run an RD account, then any bank or post office RD account of the country can be opened. The post office is paying an annual interest of 6.7 percent on 5 -year RD. If you do RD of Rs 5000 every month in the post office, then your total investment will be Rs 3,00,000 in 5 years. You will get a fixed amount of Rs 3,56,830 after 5 years according to the interest rate of 6.7 percent. This includes interest of Rs 56,830.
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