Safe Investment Options
Many investors are interested in safe investments. Safe investments make sure you don’t lose your capital. This is the reason many chose not to invest in risky instruments like equities, equities mutual fund.
When you are investing, here are certain things you need to consider. Look at the Investment Horizons, Liquidity, and Taxation. Here are some of the best safe investment instruments available in India.
Bank Fixed Deposits
Bank fixed deposits are probably the most common financial instrument invested in. The interest gained on these investments tend to range from 6.6 to 7.5 per cent depending on the bank. The returns you gain on these deposits are taxable based on your tax slabs. If it exceeds Rs. 10,000 in a year, then it will be taxed as per tax slabs.
Recurring Deposit
Recurring deposits are also very common. They give investors regular monthly income. It is good for savings as well. TDS is also applicable on interest on recurring deposits now. Just like with bank deposits, TDS is applicable for sums of over Rs 10,000.
Public Provident Fund
Public Provident Fund (PPF) is a favorite among many conservative investors. It has many advantages. The interest gained on PPF is not taxable. You will also get tax benefits under Sec 80C of the Income Tax Act. This makes it useful for retirement funds.
Monthly Income Scheme
Monthly income scheme is by post office. It is a low risk option with decent returns. It is quite common for senior citizens or retired employees.
Sukanya Samriddhi Account
Sukanya Samriddhi Account is made for promotion of girl child education. It can be opened at post offices and commercial banks. The account also offers tax benefits under Sec 80C of the Income Tax Act.
Debt Mutual Funds
Debt mutual funds have the advantage of giving you higher returns than bank deposits. This is because, some of the money is parked into equities.
Image by Tumisu from Pixabay (Free for commercial use)
You may also like
Image Reference: https://pixabay.com/fr/photos/investissement-la-croissance-5299600/
Recent Posts
- This smart A-powered device is fixing Bengaluru’s water woesAgua’s innovation shows how tech-driven solutions can fix deep-rooted urban challenges.
- Government clears the use of private motorcycles for ridesBike taxi operators like Rapido and Uber welcomed the guidelines.
- Maharaja Express: India’s royal ride on railsLaunched in 2010 by IRCTC, the Maharaja Express is India’s most luxurious train experience. Fares range from ₹3 lakh to ₹19 lakh per person, offering a high-end and comfortable travel experience.
- This smart A-powered device is fixing Bengaluru’s water woes
What’s new at WeRIndia.com
News from 700+ sources
-
Are gig workers a part of Indias labour data?
-
Two trains cancelled after landslide on Koraput-Kirandul line of Walair Railway Division
-
Retailers discuss future of consumer engagement
-
Ferry carrying 65 people sinks near Indonesia
-
Kothakota villagers stage protest over poor condition of road
-
Iranian Nuclear Program Degraded By Up To Two Years, Says Pentagon
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply