Financial savings are the driving force of most of our investments. With the changing times, people are considering different investment options. According to the period, they have in mind, and the kind of returns they expect, there are a wide variety of options to choose from. There are few investments, which you need to take up seriously. Have a look at these options-
The National Pension scheme –
For those who want to save more, the national pension scheme is the suitable option. It is the government supported pension scheme which helps you save some money. Why is it so popular? Because it is tax efficient, low cost, flexible, liquid and portable to the saving account. For people who are working in unorganized or private sectors, NPS helps to save money for the future. You can up to 40% completely tax-free of the retirement sum. You may put your surplus money in this at regular intervals.
Invest in Mutual funds –
The unique thing about the mutual fund is that when you buy a mutual fund, you are eligible to access hundreds of bonds and individual stocks. The money, which you invest, does not stay unused as it does in a saving account or stay only in one asset as it does in gold investment. These funds allow you to invest your money and after that, a portfolio manager takes care of your investment. Balanced mutual funds are highly recommended as they help an individual to invest in both debt and equity funds and reduce the volatility of their portfolio. In a single fund, you get to enjoy the benefits of both equity and debt. You can make your investment in balanced funds through SIP to boost your portfolio. The Principal balanced fund is known as an open-ended Hybrid mutual fund, which invests in debt, equity money market.
Invest in the Real estate –
Real estate is considered as one of the safest investment options. This industry is huge with a never-ending demand. One of the best things about real estate is that it is a hedge against inflation. Real estate investors can benefit from inflation. It has been said that 90% of millionaires have become through owning real estate. The competition and demand for housing are endless. Even business will need the bricks so you can invest in a viable commercial properly too for better returns. Every investor wishes to put money in such an investment option which will give her/him good and regular returns. Renting out the property can bring regular returns while selling the property in a favorable condition can bring lump sum returns.
Though there are several investment options available today, these three options are considered to be one of the safest and smartest which promise assured returns.