Best Investment Options for Women: Most men have the financial responsibility of the house and looking at the future, men invest in many places, but with time women are also becoming aware of financial plans and due to the responsibility they also make good investments. Looking to where they can make profits. Women also earn as much and more than men and that is why proper investment planning has become very necessary for women as well. Since all that hard earned money will become a victim of further inflation. Invest in these five schemes…
mutual investment through sip
An individual can invest in Mutual Funds either through SIP or Systematic Investment Plans or by contributing a lump sum amount at one time.
Advantages :
- Higher returns depending on market volatility.
- The monthly investment amount can be as low as ₹500.
- To reduce the risk, investors can create a diversified portfolio.
- Different types of mutual funds to invest in.
PPF (Public Provident Fund)
PPF is one of the safest and most reliable small savings schemes for both men and women to invest in. PPF is supported and regulated by the government. This scheme is the perfect way for women to save a part of their monthly salary without risking their hard earned money.
Advantages:
PPF account can be opened in any bank or financial institution.
- This scheme has dual benefits as it is not only an investment scheme but also a savings scheme.
- PPF currently offers an interest rate of 7.1 per cent on annual investment.
- It has a lock-in period of 15 years, before which your deposit cannot be withdrawn, even if it is, it will be charged.
- Investors get tax benefits not only on the contribution but also on the interest earned under Section 80C of the Income Tax Act, 1961.
- The minimum and maximum investment amount for PPF account is ₹500 and ₹1,50,000 respectively.
Fixed Deposit Plan
Investing in FD is the smartest way to increase the value of one’s savings. With high interest rates varying from bank to bank with minimal risk, Fixed Deposit can be considered as your next investment option for good guaranteed returns in future. The interest rates on FDs offered by major banks range between 1.85% to 6.95% per annum. The maximum deposit limit varies according to different categories of banks. However, the minimum amount that an investor can deposit is ₹1,000.
investing in gold
One investment method that is famous and offers guaranteed returns since the era of kings and queens in ancient times is gold investment. If you want to be sure whether investing in gold is best for you or not. Then surf the internet and research the value of gold for every 50-year interval from the 1800s until 2023, and you’ll find your answer.
National Pension Scheme
Policybazaar said, ‘Initiated by the Government of India and administered by the Pension Fund Regulatory and Development Authority (PFRDA), National Pension Scheme can be said to be one of the best government-backed savings schemes for women. All women investors who are keen to build a sound financial corpus after their retirement and do not want to take major financial risk in life should blindly opt for National Pension Scheme.
