Best Investment Options for Salaried Individuals
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New Pension Scheme is gaining popularity in India as one of the best retirement investment options. NPS is open to all but, is mandatory for all government employees. An investor can deposit a minimum of INR 500 per month or INR 6000 yearly, making it the most convenient for Indian citizens. InvestoRead more
New Pension Scheme is gaining popularity in India as one of the best retirement investment options. NPS is open to all but, is mandatory for all government employees. An investor can deposit a minimum of INR 500 per month or INR 6000 yearly, making it the most convenient for Indian citizens. Investors can consider NPS as a good idea for their Retirement planning because there is no direct tax exemption during the time of withdrawal as the amount is tax-free as per the Tax Act, 1961. This scheme is a risk-free investment as it’s backed by the Government of India.
See lessIndian investors often look to Investing in Gold and it's also one of the good long-term investment options. Gold is used as an Inflation hedge. Investing in gold can be done via buying physical gold, gold deposit scheme, gold ETF, Gold Bar, or gold Mutual Fund.
Indian investors often look to Investing in Gold and it’s also one of the good long-term investment options. Gold is used as an Inflation hedge. Investing in gold can be done via buying physical gold, gold deposit scheme, gold ETF, Gold Bar, or gold Mutual Fund.
See lessPublic Provident Fund (PPF) is one of the most popular long-term investment options in India. Since it's backed by the Government of India, it is a safe investment with an attractive interest rate. Moreover, it offers tax benefits under Section 80C, of income tax 1961, and also the interest income iRead more
Public Provident Fund (PPF) is one of the most popular long-term investment options in India. Since it’s backed by the Government of India, it is a safe investment with an attractive interest rate. Moreover, it offers tax benefits under Section 80C, of income tax 1961, and also the interest income is exempted from tax. PPF comes with a maturity period of 15 years, however, it can be extended within a year of maturity for five years and more. Annual deposits of a minimum of INR 500 to a maximum of INR 1.5 lakh can be invested in the PPF account.
See lessA Recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. Every month, a fixed amount of money is deducted either from a Savings Account or a current account. At the end of the maturity period, investorRead more
A Recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. Every month, a fixed amount of money is deducted either from a Savings Account or a current account. At the end of the maturity period, investors are paid back their invested funds with accrued interest.
See lessMost people consider the Fixed Deposit investment as a part of their Retirement investment options because it enables money to be deposited with banks for a fixed maturity period, ranging from 15 days to five years (& above) and it allows them to earn a higher rate of interest than other conventRead more
Most people consider the Fixed Deposit investment as a part of their Retirement investment options because it enables money to be deposited with banks for a fixed maturity period, ranging from 15 days to five years (& above) and it allows them to earn a higher rate of interest than other conventional Savings Account.
See lessThere are many investment options available to salaried individuals, but some of the most popular include: Public Provident Fund (PPF): PPF is a government-backed investment scheme that offers tax benefits and guaranteed returns. You can invest up to Rs.1.5 lakh in PPF in a financial year. Public PrRead more
There are many investment options available to salaried individuals, but some of the most popular include:
Public Provident Fund (PPF): PPF is a government-backed investment scheme that offers tax benefits and guaranteed returns. You can invest up to Rs.1.5 lakh in PPF in a financial year.
Public Provident Fund (PPF)Opens in a new window
Paisabazaar.com
Public Provident Fund (PPF)
Employee Provident Fund (EPF): EPF is a retirement savings scheme that is offered by most employers in India. Your employer and you contribute a fixed percentage of your salary to EPF every month. The money in EPF is invested in government securities and offers a guaranteed return.
Employee Provident Fund (EPF)Opens in a new window
http://www.epfindia.gov.in
Employee Provident Fund (EPF)
National Pension System (NPS): NPS is a government-backed pension scheme that offers you the flexibility to choose your investment options. You can invest in a mix of equity, debt, and liquid funds under NPS. The money in NPS is invested in a variety of asset classes, which offers you the potential for higher returns.
National Pension System (NPS)Opens in a new window
Paisabazaar.com
National Pension System (NPS)
Stocks: Stocks are shares of ownership in a company. When you buy stocks, you are essentially buying a small piece of the company. Stocks can offer the potential for high returns, but they also carry the risk of losing money.
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Moneycontrol
Stocks
Mutual Funds: Mutual funds are a type of investment that pools money from a group of investors and invests it in a variety of assets, such as stocks, bonds, and real estate. Mutual funds offer diversification, which can help to reduce risk.
Mutual FundsOpens in a new window
Investopedia
Mutual Funds
Real Estate: Real estate can be a good investment for salaried individuals who are looking for long-term growth. However, real estate can be illiquid, meaning that it can be difficult to sell quickly if you need cash.
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Investopedia
Real Estate
The best investment option for you will depend on your individual circumstances and goals. If you are not sure which investment is right for you, it is important to consult with a financial advisor.
Here are some additional factors to consider when choosing investment options:
Your risk tolerance: How much risk are you willing to take with your money?
See lessYour time horizon: When do you need the money?
Your financial goals: What do you want to achieve with your investments?
Your investment knowledge: How much do you know about investing?
Your investment experience: How much experience do you have with investing?
It is important to remember that there is no one-size-fits-all answer to the question of the best investment options for salaried individuals. The best option for you will depend on your individual circumstances and goals.