Are you looking to invest your hard-earned or saved money in a lucrative investment idea that could offer you not only a good return on investment (ROI) but is even safe? This write-up will help you quickly figure out six safest investment idea with the higher return! All set to begin?
- Company fixed deposits
Yes, even banks offer fixed deposit schemes and are safe as well, but their ROI is not that attractive as compared to FD schemes by non-banking finance companies (NBFCs). Hence, a company fixed deposit plan may let your investment earn 7.85% and 8.20% if you are a senior citizen. What’s more, there are wider tenors and better liquidity along with a loan against FD facility. The biggest benefit of investing in a company FD, your investment is safe and its ROI is not effect by market securities. Thus, if you are looking for a safe yet sure-shot ROI based investment plan, go for company FDs.
- Senior citizen saving schemes
If you are a senior citizen, you can opt for a senior citizen saving scheme which is a tailor-made plan for seniors letting you invest at least Rs.15 lakh. It offers a higher interest rate of 8.6% that reset every 3 months. The rate at which you invest is locked for a period of 5 years. You can also save taxes under Section 80C of the Income Tax Act. You can enjoy interest benefit every quarter and has provisions for premature withdrawals.
- Tax-free bonds
Tax-free bonds are securities issued by the Government to raise finance for multiple projects. The investment is long-term ranging over 15 years. The interest earned on these schemes are tax-free. The ROI may vary 6.4% to 8.3%. If you are a senior citizen, you can avail better ROI over a longer tenor.
- Mutual funds
Mutual funds offer the highest adjusted ROI as your money is invested in securities market. If you invest in a right mutual fund investment, it could fetch you as high as 20% ROI. The only thing or drawback of a mutual fund investment is that its ROI is not fixed. Thus, if you are a long-term investor who has patience, can invest in mutual funds and see it grow over the years or as per market conditions.
- Real estate
The value of gold and real estate will always fetch greater dividends over a long-term. Yes, real estate investment is fabulous for those who are looking to fetch higher returns over a longer tenor. It’s also a safe option to invest as there is higher returns. If you want some quick money, you can sell it off and reinvest later, if needed. All that you need to do is – select the right property by valuing it and renting it or selling it off when the value appreciates. The ROI on real estate can give you higher returns with least 10% of the original invested value. However, the final ROI that you make will depend on the market conditions.
The Bottom Line
You just went through some of the safe investment plans with higher returns that you can invest if you are willing to opt for one! Out of the five plans discussed, fixed deposits, real estate, and tax-free bonds are the safest among all. Apply for an investment scheme as per your needs, goals. Happy investment!