Investment
In Unit Linked policies, the investment risk in the investment portfolio is borne by the policyholder.

10 Best Short Term Investment Options/Plans in India

Surplus funds for term insurance: your guide for right investment

Investment is one of the primary economic activities and best investment plans are everyone’s demand today.  While choosing an investment plan, making the right move is important as is clear planning and long-term thinking. Investments are important because in today’s world, just earning money is not enough. You work hard for the money you earn and yet that may not be adequate for you to lead a comfortable lifestyle or fulfill your dreams and goals. To do that, you need to make your money work hard for you as well. This is why you invest. Money lying idle in your bank account is an opportunity lost. You should invest that money smartly to get good returns out of it.

The first step in planning your investments is to figure out the right investment that fits your profile and needs. Investment planning requires choosing investments carefully after doing adequate research and not falling for quick-buck schemes that promise high returns in a short time. You must review your stock and mutual fund investments regularly and keep an eye on the tax implications on returns and capital gains that you make form specific investments. In India, there are a lot of investment options that can work for you. Such 10 options are listed below:

  1. Public Provident Fund (PPF): Traditionally considered to be among the best and safest investment modes in India, PPF is one of the most popular small savings scheme. PPF account holders can invest up to Rs 1.5 lakh in a financial year while the minimum deposit required is Rs 500. Deposits can be made in lump-sum or in 12 installments. PPF deposits qualify for deduction from income under Section 80C of the Income Tax Act. In terms of income tax implications, PPF accounts also qualify for EEE (exempt, exempt, exempt) tax category, which means an investor is not liable to pay tax at all three levels - investment, earning and withdrawal.
  2. Mutual Funds: Mutual fund dealers allow you to compare the funds based on different metrics, such as level of risk, return, and price. Also, as the information is easily accessible, the investor will be able to make wise decisions. Besides, Mutual Funds offer benefits in liquidity and professional management.
  3. Direct Equity: Direct plans help you to save money on commissions and marketing-related expenses. This small saving is invested in the scheme and it may help you to make extra returns over a long period.
  4. ULIPs (Unit Linked Insurance Plans): ULIPs offer a range of benefits and provide the joint benefits of investment and insurance. Known for tax benefits, ULIPs are among the top investment mediums in India.
  5. Real Estate Investment: Investment in real estate is one of the most lucrative and beneficial in India, as the potential for development is huge and the market is growing.
  6. Gold investment: Traditionally considered to be among the best options, gold investment schemes offer you the chance to convert a blocked asset into high-value liquidity.
  7. Post Office Saving Scheme: Ideal for retired people who need regular income, it comes with the option of account conversion.
  8. Company Fixed Deposits (FDs): Company FDs offer higher interest rates than bank FDs and are ideal for long-term investments.
  9. Bank FDs: Bank fixed deposits are extremely popular in India. Coming with cumulative/non-cumulative options, bank FDs offer fixed returns over the investment tenure and the returns are payable on a monthly, annual or bi-annual basis, depending on the bank policy.
  10. National Pension Scheme: It is a government-organized pension product for the employees of all the sectors in India and offers plans based on equity debt, corporate debt and government bond. In NPS a minimum contribution of Rs 6,000 a year is required while there is no upper cap.

HDFC Life offers saving and investment plans for securing your finances and helping you build your financial base. For details, click on the mentioned link: https://www.hdfclife.com/savings-investment-plans

Show Full Article
Hide Full Article
Disclaimer ^

SHARE:

Products offered by HDFC Life :

Recent Posts
Subscribe to get the latest articles directly in your inbox
Successful subscribed
Subscription Successful

You will receive the newly posted articles on your email id.

Popular Posts

HOW CAN WE HELP YOU

HELP TO BUY ONLINE
Speak to our Certified Insurance Experts

All days 9:00 AM to 9:00 PM IST

Instant Callback
Call Us

Mon-Sat 9:30 A.M to 6:30 P.M IST

Locate A Branch Near You
There has been changes in branch operation timings due to COVID 19
+91 8291 890 569   
Call Us

Mon-Sat 10 am to 7 pm IST (Local Charges Applicable.) (DO NOT prefix any country code e.g. +91 or 00.)

NRI Service
Email
[email protected]

(For NRI customer only)

MISSED CALL SERVICE
08000006609 to get details on your Fund Value
(Applicable for Unit Linked Plans only),
Premium Amount and Due Date
Stay updated with HDFC Life