Money may not be everything but everyone wants it. While it’s true that there are more important things than money, it is also important to have it to live. However, if you didn’t deal with it carefully you will lose it very easily. A lot of people suffer from not having proper investments points for their money. Here are the 10 best ways to invest your money in 2021.
1. Direct equity or stock market
It is a big risk. Agreed. However, with considerable study you can easily invest and gain in good amounts from stock market. Plus, it depends a lot of time. However, many have aced it with simple practice. As a prerequisite, you will need a demat account.
2. Equity mutual funds
The investment is generally done in equity stocks. So if you have a good fund manager you get good returns. They are categorised according to market-capitalisation and domestic and international stocks. However, there are market risks
3. Debt Mutual Funds
If you want steady returns with minimal risks then this option is for you. As compared to equity mutual funds they have low risk. This is because they are invested in fixed returns generating securities like government securities, treasury bills, commercial paper, and corporate bonds.
4. National Pension System (NPS)
It is never too early to plan your retirement. And if you want to be financially independent in the last days of your life it is best to invest in National pension scheme. It is managed by the Pension Fund Regulatory and Development Authority (PFRDA). Plus, you get to choose from multiple investment typed depending on your capability to take risk.
5. Public Provident Fund (PPF)
This is one of the most common choices. It is a long tenure of 15 years. Best part of this investment you get put the principal amount and interest on your investment. Plus it is managed by Central Government.
6. Fixed Deposit
If you are trying to save a lot amount of money for long period of time. Bank fixed deposit is the best solution. You can break it at any time. Plus, it gives you good interest rate.
Gold was never out of business. You can easily invest in gold. To avoid making charges you can buy gold biscuits. You can always mortgage gold for loan.
8. Real Estate
If you want to invest the large amount of money option. You can always sleep doing the fact that prices of real estate always increase wait time
9. Pradhan Mantri Vaya Vandana Yojana (PMVVY)
This is a scheme only for 60 plus people. However, they can get a lucrative return of 7.4 percent. You can opt between pension income payable monthly, quarterly, half-yearly or yearly. You can invest up to 15 lakhs.
10. Senior citizen saving scheme
Again this is only for 60 plus people. But it is also one of the safest option. One can avail it from a post office or a bank. You can invest up to 15 lakhs here too.
So here are the 10 best ways to invest your money in 2021.