You can invest your money in these 5 schemes, you will reach soon!
Starting investment in FD is one of the best options for the Savings Option. Cause it provides you with security and gives you the best returns. Nowadays, this interest rate is not fighting high rises.
Financial Export’s opinion: FD is good for starting an investment. But it is insufficient for the long term. The best option should be chosen by the investors, which one gives the best returns, said Vint Wealth’s CEO Ajinkya Kulkarni.
Option of Govt Bond: Central government’s bonds are risk-free and give stable returns. RBI’s Floating Rate Savings Bonds (FRSBs) are currently offering 8.05% interest. It is easy to buy in RBI Retail Direct.
Higher return in Corporate bonds: Corporate bonds can offer higher returns than fixed deposits, up to 9-11%. They carry a slightly higher risk, so credit ratings should be checked before investing. With the right selection, they can provide significant growth in your portfolio.
Corporate FDs are also an option: Compared to banks, corporate FDs can offer returns of up to 8.5%. However, since they are not government-guaranteed, it’s safer to opt for AAA-rated NBFCs like Bajaj Finserv or Shriram Finance.
Certificates of Deposit (CDs): Banks and financial institutions issue CDs with terms of 1-3 years, which offer higher returns than savings accounts. This is a good option for short-term investors. The risk is relatively low and liquidity is also good.
Gold-Linked SGB Investments: Sovereign Gold Bonds are linked to gold prices and offer a 2.5% annual interest rate. New installments are now closed, but they can be purchased from the stock exchange. Gold’s long-term stability makes them attractive.
The Importance of a Diversified Portfolio: Experts agree that relying solely on fixed deposits is risky in today’s environment. Investors should maintain a balance between bonds, gold, corporate debt, and other options. This increases returns and significantly reduces risk.
ALSO READ: Today’s Gold And Silver Rate: Check Prices And Latest Updates
