Saving for future security is not enough in today’s world. Idle cash in the bank account can be best utilized by investing. Popular investments in India are mutual funds, public provident funds, fixed deposits, and real estate investments for longer-term benefits. Investing seems daunting for many young investors, but once the process is allowed, it will grow over time due to interests and dividends. Here are 5 investment options where young investors can put their money for greater returns.
- Equity Mutual fund
Investing in shares and stocks of the companies. Usually investment is made by fund houses in equity markets and shares the profit and losses according to the percentage of investment made by the stockholders.
- Debt Mutual fund
For steady return, debt mutual funds are apt as stockholders invest in fixed interest properties like corporate debt securities, money market instruments, corporate and government bonds, etc. Debt mutual funds fetch relatively high liquidity and offer reasonable safety.
- National Pension System
It’s a retirement-focused investment, which enables working professionals to invest in all sorts of investments, including equity, mutual funds, etc. At the time of the usual exit from the scheme, the investor gains returns depending on their investment percentage during that tenure.
- RBI floating rate saving bonds
These bonds are issued by RBI, which is a 100% risk-free investment. The interest payment is biannual, i.e., January and July each year. Floating rate interest is subject to change, and the maturity term is 7 years, but a premature withdrawal option is available for senior citizens.
- Public Provident fund
Investing in a public provident fund is a risk-free investment, and the interest compounded for a tenure of 15 years.
- Investment in real estate
If you plan to live in a place for more than 5 years, buying a home is better than renting. It’s a long-term investment that gives a better return in terms of passive income if you are renting it out. If you live in the property, you are building equity over time.
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