5 Best Investment Schemes Everyone Should Invest In India

• Posted by Aditya Sehgal August 30, 2018 - Filed in Business - #Best Investment Schemes  #Best Investment Schemes in India  #Mutual Funds  #ppf account benefits  #get aadhar card  - 513 views

  When it comes to the best investment schemes in India, fixed deposit is still considered as one of the safest and reliable investment schemes in India.

  The fixed deposit provides an investor with a higher interest-based return. It also offers them a sure-shot ROI as compared to other plans since it’s not impacted by market conditions.

  However, that does not mean you should not have an umbrella of investment and not invest in best investment schemes. Let’s have a look:

   

  Why should you put your Money in the Best Investment Schemes?

  Before you get to know about the best investment schemes, it would be good to know some vital reasons to invest your money in such plans:

  • Investing in a good scheme can let you maximize your savings

  • It can become a source of income for you in coming years

  • Viable schemes can help you offer an enhanced growth for the income

  • Some schemes are sure-shot and pose no risk when it comes to the ROI such as the fixed deposits

  • You can avail tax benefits as well

  Now that you are aware of the reasons for investing in the best investment schemes in India, let’s help you know about some good plans:

   

  Best Investment Schemes in India: The Top 5 Picks

   

  1. Mutual Funds – The popularity of mutual funds is up in the recent past as it offers a higher rate of interest to investors. However, even though you can lap up higher income from it, its ROI is not fixed as market conditions affect it. You can invest in this scheme if you know the pulse of the market and looking for a long-term. You can also enjoy some tax benefits on the mutual funds as per the Section 80C of the Income Tax Act.
     
     

  2. Public Provident Fund (PPF) – There are several ppf account benefits, that you could avail if invest. You can get a sure-shot return on your investment while investing in the Government-sponsored PPF schemes. The Public provident fund PPF can let you invest a sum as low as Rs.500 to Rs.1.5 lakh and also enjoy some tax benefits. It is a perfect saving scheme for the working class by the Government with a lock-in period of 15 years. You can withdraw some amount only 7th year onwards.  

  3. The Company Fixed Deposit Schemes – Compared to a bank’s fixed deposit plans, company fixed deposit plans can offer you higher interest of up to 8.75%. If you are a standard citizen, you can avail up to 8% while senior citizens can get up to 8.75%. The ROI of the company FD is fixed and not affected by market conditions. You can also liquidate it if you need some urgent needs and even the facility to avail the loan against FD is available to help you keep investing.
     
     

  4. Pradhan Mantri Jan Dhan scheme – Those who live in rural areas or those who are farmers can avail this scheme. At the time of account opening applicant is required to have the following document, Permanent Account Number (PAN), 2 passports sized photograph and a photo identity proof. Aadhar card will be mandatory. You can get aadhar card from official website of UIDAI. The plan offers financial services such as deposits, remittance, credit card and more. It also offers an overdraft facility of up to Rs.5000 and an accidental insurance of up to Rs.1 lakh with a RuPay debit card facility.
     
     

  5. Atal Pension Yojana – The Atal Pension Yojana is a pension plan for retired individuals which also offers other benefits when you pay a cost per month. The scheme is tax-free and is fit for people belonging to lower income groups. Under the plan, people aged 60 and more can enroll for a fixed income from Rs.1000 to Rs.5000 per month.
     
     

  The Bottom Line

  Earning money and helping the earned money to make more money should be the goal of every earning individual in India or any other country.

  Once you start making some investment with the help of the best investment schemes, you will be able to start creating a monthly income for the future.

  Now that you are aware of the best investment schemes in India, you can easily start investing in any of the discussed plans as per your needs and future goals.