Which Are the Best Investment Plans in India?

In India, one can invest in several types of investments such as money market instruments, fixed income instruments, or capital investments such as property, gold, etc. With so many options available, anyone would struggle to find a financial instrument that can meet their investment requirements. An ideal instrument is the one that allows you to benefit from the combination of minimum risks and high gains. Here are the top investment avenues that can help you strategize your investment plans better:

National Pension Scheme 

The National Pension Scheme is a pension plan offered by the government of India. You can choose to invest in it if you want to earn a regular income after retirement. It will also help you generate enough corpus till retirement by investing your money in liquid funds, equities, and corporate bonds. Therefore, you can utilize it to reach your long-term financial goals. 

PPF 

PPF or Public Provident Fund is another instrument that is perfect for achieving your long-term financial objectives. Being a government-backed scheme, it is safe and offers an impressive interest rate of 6.4% for your savings. 

The lock-in period of PPF is 15 years and its withdrawal policies are not that easy. Therefore, you must analyze these factors before investing in a PPF.

SCSS

If you are a senior citizen, then investing in SCSS is a great option as it offers a high interest rate for your deposits and the option of withdrawing interest after every quarter. However, the upper limit of Rs. 15 lakhs and lack of flexible tenor might raise a few questions in your mind before investing. 

Fixed deposits 

Fixed deposits can provide you with a flexible tenor and safety of deposits. However, bank FDs are not offering high interest rates these days. Therefore, you must look into other options like corporate FDs to earn good returns from your FD investment. 

Bajaj Finance FD is a corporate FD that promises steady growth for your deposits with interest rates of up to 7.25%. Also, as credit rating institutions like CRISIL and ICRA have rated it highly, your funds are safe when you allocate them to Bajaj Finance FD. 

Assume that you deposit Rs. 2,00,000 in a Bajaj Finance FD for 5 years. The below table shows the returns that you can expect based on your customer type:

From the table, it is evident that senior citizens are eligible for a 0.25% extra FD interest rate and you can earn a 0.10% higher FD rate if you prefer to invest in a Bajaj Finance FD online. An online FD form is provided and even the CKYC document verification method is adopted to facilitate a straightforward and easy investment process. 

Also, a flexible tenor ranging from 12 to 60 months helps you to plan your investments according to your requirements. The FD calculator provided on the Bajaj Finance FD website makes it easy for you to determine the FD type, tenor, and investment amount that can fetch the kind of returns which you expect. Moreover, features like loan against FD ensure that your financial needs are met during an emergency, and the multi-deposit facility allows you to maximize your profits by laddering the deposits.

It is hard to determine the best investment option in India as there are several options available in the market. However, you should always go for investments that are stable and offer sufficient returns. PPF and NPS are secure investment avenues but they are ideal for long-term investment plans. SCSS offers stable and sufficient returns but it has limitations when it comes to FD amount and tenor. A better option would be to invest in a Bajaj Finance Fixed Deposit that provides considerable returns by offering a high interest rate on your deposits. Options like flexible tenor, multi-deposit feature, online investment method, etc. make it one of the best investment alternatives in 2021.