Top 10 Investment Plans in India 2022
Consider one of these investment plans for simply growing your wealth.
Nowadays, investing money or property has become a tradition for everyone because of their financial needs, which may come in the future. Many people invest their savings for retirement, children's education, or simply growing their wealth, some of which save and then invest their savings over time. Do you have a cash and bank account to consider a safe investment? If yes, we introduced some of the best investment plans by which you can invest your cash and bank accounts into a safe investment.
Let’s see a list of the top 10 investment plans in India.
There are many long-term and short-term investment plans in India, which you can opt for, considering you’re saving for retirement, reaching your financial goals, and earning higher returns. Many top investment plans present in India offer additional returns in the form of guaranteed additions. Continue reading this page to view the top 10 investment plans in India.
1. Fixed Deposits (FD) and Recurring Deposits (RD)
Fixed Deposits (FD) and Recurring Deposits (RD) are the best investment plan for every people who want to save money for the future or any other goal in the future. Nowadays, several banks present in India offers FD and RD for people and provide guaranteed returns with minimal risk after maturity. You can easily open FD or RD with leading banks and non-banking financial companies.
Key features:
Both FD and RD provide good returns after maturity.
They come with minimal risk of principal investment.
They offer flexible investment amounts and many more.
2. Mutual Funds
Another best wealth investment plan, a mutual fund is an effective way to put your wealth to meet your future financial goals. It is a pool of your wealth managed by a professional fund manager. While investment in mutual funds is subjected to market risk, so you should evaluate the risk before investing. If you understand the current market and its related risks, then a mutual fund is an excellent way to grow your money multifold.
Key features:
A mutual fund is managed by a professional fund manager.
It is an open-ended and close-ended fund.
No fixed returns, etc.
3. Direct Equity
If you understand the current market situation and its related risk, direct equity investment is one of the best investment ways for people for long-term purposes. You will have to get the equity share of any company, which binds you in legal terms related to the company ownership.
Key features:
Dividend Income
Potential Profit
Right Over Assets and Income, etc.
4. Post Office Saving Schemes
Indian Post Offices present in India offer some saving schemes for people. They provide many investment options to help people with investment. If you are looking for the best saving scheme for money investment purpose, then post office saving schemes are the best way for you. Now, post office savings schemes offer excellent returns after maturity.
Key Features:
It provides you with a maximum investment limit of INR 4.5 lakh in the signal account.
It provides maturity amounts tax-free.
5. Bonds
Bonds are the best way to put your money for investment purpose. Several companies and government-based bodies in India require funds for development and social programs, for which they release bonds to the public market. The interested aspirants or investors then buy the bonds to help these private and government-based bodies raise money.
In other words, bonds are fixed and long-term investment options, which will be responsible for covering the loan made by an investor to a corporate or government borrower.
Key features:
Excellent Maturity
Fixed and Long-term investment
Credit/Default Risk, etc.
6. National Pension Scheme (NPS)
National Pension Scheme (NPS), commonly known as the National Pension Scheme, is another best way for people looking for the best investment plan. This way is effective for both government and non-government employees.
NPS was introduced to replace the pension schemes for State and Central Government employees. But, it was made available to all citizens of India from May 01, 2009. This investment is offered with two accounts, which include Tier 1 account and Tier 2 account.
There are many features of the National Pension Scheme (NPS), all of which features of NPS that make it one of the top investment options for 2022 are:
Both Tier 1 accounts and Tier 2 accounts come with flexible amounts starting from only Rs. 500 annually.
It provides you with financial security after retirement.
Both accounts offer many tax benefits, etc.
7. ULIP
ULIP is the best investment option for people who want market-linked returns along with insurance is Unit Linked Insurance Plan (ULIP). You might have noticed that some people buy life insurance policies because they help them to invest in different funds and give them excellent cover options at the same time. ULIP is a perfect way for people in India recommended by many big investors.
You can also get one of the best life insurance policies, which will enable you to meet your financial needs in the future.
Key features:
It offers flexible investment options.
It provides a variety of tax benefits.
Transparency
Liquidity when you need it
8. Liquid Funds
Another investment option, liquid funds are for individuals who want to like stock market investments. Liquid Funds are a type of mutual fund that enables you in getting a return of up to 91 days. When we talk about short-term investment options, Liquid Funds are one of the best investment ways for people who like to invest in the stock market. You can invest your savings in it for three to five years and withdraw money as per your requirements for meeting your future goals.
Key features:
No Entry or Exit Loads
Superior returns
High liquidity, etc.
9. Public Provident Fund (PPF)
Public Provident Fund, commonly known as PPF, is a government-based backed scheme, which offers employees guaranteed returns based on the applicable interest rate, which will be decided by the Government and is liable to change every quarter. PPF is the perfect option for people who work for any government body. They may get guaranteed returns after retirement.
10. Senior Citizen Savings Scheme (SCSS)
Another best investment plan in India, the Senior Citizen Savings Scheme (SCSS) offers people above 60 plus a guaranteed return after maturity. It is a government-based backed scheme for people above 60 years of age. Like PPF, the interest rates for SCSS will be decided by the Government and are liable to change every quarter.
It is a safe and long-term investment option for people with 60 plus. It offers a variety of benefits after retirement.
Final suggestion:
These money investment plans present in India are known for providing benefits in a wide range. If you’re interested in investing your savings for retirement, children's education, or simply growing your wealth, then you can consider one of these.
To view what are the best investment plans in India available right now, try an online search.
