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5 Best Ways to Invest Money in India

Investing your money has become an integral part of financial growth and securing your future. You never know when a certain mishap lands on your doorstep and being prepared to deal with these mishaps is very important. Moreover, with rising inflation, it is necessary to save and invest your money to be able to be financially secure now as well as in the future.

Every investor wants to know the best way to invest money in India for the highest returns, which has minimum or no involvement of risks, and fulfills their financial goals and requirements.

But, finding the best way to invest money in India can be confusing as there are various different options to choose from

For better understanding, let us briefly go through the following best ways to invest money in India. 

National Pension Scheme (NPS)

National Pension Scheme is a type of long-term investment plan that allows the investor to invest some part of their salary. After they retire, they can claim the amount. Some of the benefits of the National Pension Scheme are that it is economical, i.e., it is one of the lowest-cost investment plans. This plan also offers tax benefits to the policyholder. Furthermore, the scheme remains the same even if there is a change in employment or if you change your city/state. 

Fixed Deposits (FD)

Fixed Deposits are a type of long-term investment plan in which the investor pays a certain amount of money for a fixed tenure and in return, the banks provide the interest to the investor. A few of the various benefits of Fixed Deposits include fixed returns, regular income, tax benefits, etc. 

Public Provident Funds (PPF) 

Public Provident Fund (PPF) is a type of long-term investment plan where the minimum tenure of the policy is 15 years. A few benefits of Public Provident Fund include tax benefits, security on the investment made by the investor, and a hassle-free extension of tenure for more than 15 years if the investor wishes.

Unit Linked Investment Policy (ULIP)

A Unit Linked Investment Policy is a type of long-term insurance policy cum investment plan where a specified proportion of the amount is kept for insurance and the other part is invested in the market for wealth creation. Some benefits of the Unit Linked Investment Plan are tax benefits and liquidity.

Mutual Funds 

Mutual Funds are one of the most popular investment plans in India. Mutual Fund is a type of pool of money, where the premium paid by the investors is brought together. The money is then invested in the market in stocks and various other assets. The returns that the investor gets depends on how the investment has performed in the market. Though the risk is slightly high, the returns are potentially high too. Mutual Funds offer various benefits such as liquidity, flexibility, etc. 

Wrapping Up.

Sometimes, choosing the best way to invest money in India can be confusing. In such cases, the investor should go for the top-rated investment company that provides the best way to invest money that suits their needs and financial goals. You should choose a company that fulfils all the investor's financial requirements.

Note- Income Tax benefits/exemptions are as per the prevailing tax laws in India, which are subject to change from time to time. Please consult your tax advisor for further details.

Disclaimer:

*Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time
The article is meant to be general and informative in nature and should not be construed as solicitation material. Please read the related product brochures for exclusions, terms and conditions, warranties, etc. carefully before concluding a sale.
Make responsible financial decisions. Consult with your financial advisor before making any decisions on insurance purchase.

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