Unlock via secret to lasting happiness is a duty we owe to ourselves. One way to bring joy into our lives it has been working towards our ‘life goals’ through smart goal-oriented investments.
What is an Investment Plan?
Overall, a systematic investment plan. Provide important benefits for long-term investment. To make your savings in the future and more and more wealth. Understanding your risk profile and financial needs.
Investment Plans In 2021
#1. Public Provident Fund
Public Provident Fund (PPF) is a popular investment option proposed by the government. It is under Section 80C. Assured PPF accounts pay annual interest. And the Lord is the guaranteed support. PPF investment lockouts are for a period of 15 years. However, it can be removed prematurely if certain conditions are met. PPF financial planning is an excellent investment option in the long run.
#2. National Pension System (NPS)
National Pension System (NPS) is a savings cum pension scheme. NPS Tier 1 minimum contribution accounts for now Rs.6,000 less a year from 1,000 a year. Investors amount of freedom equity exposure they have to choose to do according to their risk profile.
#3. Direct equity
Investing in shares cannot be everyone’s cup of tea, as it is a volatile asset class and returns are not guaranteed.
To reduce the risk to some extent, you can diversify across regions and market capitalization.
#4. Debt Mutual Funds
Government debt securities, corporate securities higher rates. And other similar money markets. The main purpose of the debt fund is to create a stable. Capital protection and return time.
#5. Equity mutual funds
Equity mutual funds are investing mainly in injustice. India is currently the Securities and Exchange Board of India (SEBI) in accordance with the mutual fund rules, an equity mutual fund at least 65 per cent and will invest equity related instruments of your property.
#6. Bank Deposits
Fixed investment deposits, recurring deposits are those people. Fixed and recurring deposits offer higher rates. Interest than a regular savings account.
#7. Ultra Short Term Debt MF Plans
But at least invest in bonds. 1-year term and the other devices.
Why Should You Invest?
Maximize your savings and investment plans. To build wealth, you need to invest your money in some of the best investment options with high returns.
How to Choose the Investment Plan?
- Assess your financial needs and goals
- Calculate your investment timeline to achieve each goal
- Review your investment plans periodically
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Documents Required to Buy Investment Plans
- Proof of Income
- The proof of Address
- Proof of Identification
- Proof of Age
1.Officially Valid Documents (Any of these)
- Passport
- Voter’s ID
- Aadhaar Card
2. In case Officially Valid Documents does not contain updated address
- Property or Municipal Tax Receipt
3. Income Proof
For Salaried Individuals (Any one)
- Latest 2 years Income Tax Returns
- Latest year Form 16
For Self Employed (Any one)
- If the computation of income not available: Latest 3 years Income tax returns not filed in the same year
- Form 26 AS
FAQ-
Ans- 1. High Yield Emergency Fund.
2.Real Estate Investing (REITs)
3.Let robots handle your investments.
4.Build a Portfolio with Low-Cost ETFs.
Ans- You have a long time, so unless you need to accomplish your goal, your returns will be mixed.