There are many investment options such as mutual funds, property, fixed deposits and even modern options like Bitcoin era with its technological advances. However, in terms of long-term savings and better returns, fixed deposits have stood the test of time.
To ensure the long-term accumulation of wealth, one should choose their investment options wisely and come up with a proper investment plan. It would be beneficial to opt for investments that would provide stability as well as higher returns.
Below are the top three investment options in terms of safety and security:
Mutual funds
Professional investors who prefer higher returns on their investments always prefer mutual funds. Their investment portfolio is managed by professional money managers. These managers allocate all the money into different investment options.
The investment options can include stocks, bonds, money market instruments and other assets. Though these investments help with capital gain and a higher income, it involves high risk and the investor may not always be able to profit from mutual funds.
Property
Many investors also consider investing in properties due to high potential returns with favourable market conditions. An investor may even purchase some old property and make some repairs or enhancements to earn higher profits from their investment.
Once the property or estate’s market value increases, the investor could choose to sell the property at that moment. However, it is crucial to seek professional advice when it comes to property. Brokers and real estate agents are usually updated with the rules and regulations.
Fixed Deposit
FDs are a tried and tested option for financial stability. It is quite popular among the Indian masses and is still the preferred option suggested by anyone when it comes to long-term investments. It is also the best option in terms of investing surplus funds due to high interest rates and flexibility of tenure.
Investors also put money into corporate fixed deposits as it offers higher rates of interest. However, corporate fixed deposits do not always offer insurance against the amount deposited. It is also not beneficial for the investors who fall in the 30% tax bracket as post-tax returns are not that profitable.
There are still many available fixed deposit options other than the ones offered by banks. Investors can opt for the ones they find suitable to their needs. One such option is Bajaj Finance Fixed Deposit which also has more advantages over a traditional fixed deposit.
Bajaj Finance
Bajaj Finance Fixed Deposit offers you the flexibility with its repayment tenor as well as minimum deposit amount of Rs. 25,000. It offers an interest rate of 8.40%, which can go up to 8.75% if you are a senior citizen. The tenure of your fixed deposit could range between 12 and 60 months. Its safety and stability is marked with ICRA’s MAAA (stable) rating and CRISIL’s ‘FAAA/stable’ rating. It means that Bajaj Finance Fixed Deposits are safest possible investments in its category. Bajaj Finance’s Fixed Deposit Calculator will let you calculate your returns even before you make the investment. Unlike other fixed deposits, these would also not get influenced by market fluctuations.
Hence, it offers assured returns on investment and the entire process is hassle-free. It means you won’t have to spend a tedious amount of time and energy with paperwork. You can easily begin investing by using the online portal as compared to any other money-making scheme.
