6.2 C
London
Monday, February 26, 2024

14 Best Investment Plans in India 2023-24

Investment is a word which explains or makes an image on our minds of investing money in some assets to get the profit in the future; either it can be any kind of 14 best investment plan or investment policy in India in simple words “the process of investing money for profit” is known as Investment. Here we will share the information about some important points like 14 Best Investment Plans in India 2021, Investment Plan, Investment Policy in India, and Best Investment Policies in India. For understanding the Top investment Plans in India 2021, Investment Plan, Investment Policy in India, and Best Investment Plans in India, firstly we will clear up some points about Top investment Plans in India 2021 and its related points like investment plan, investment policy in India, benefits, advantages, features, how many types of investment we can do, etc

About Best Investment Plan in India or Best Investment Policy in India

Investment is an asset that secures the future and where we can grow our money just with some investment, an investment plan in India can refer to any mechanism used for generating future income. This includes the purchase of bonds, stocks, or real estate property. Sometimes people might wonder if it is necessary to invest in investment policies or investment plans, how much I can grow the amount after investment in the best investment plans in India, how much I need to wait, and many more thoughts. Basically in this situation do not force yourself to invest in investment plans in India until and unless you did not collect the proper knowledge and learn about the 14 best investment Plans in India, and their related points like the best investment plans in India and where you can invest for the best investment plan in India.

Investment Plans in India Objectives

If you are planning for investing your money in any investment policy in India or any 14 best investment plan in India then you should learn firstly which can be the best investment plans in India or the best investment policy in India. Where you can invest in that particular investment plan or investment policy in India without any doubt there are some common objectives of investment but before you understand the investment plan in India or investment policy in India, these objectives can help you. The following objectives are:

  • Investment Plans help you in the growth of money, it helps people to secure their financial future.
  • It ensures to keep your money safe, in every investment plan in India or investment policy in India there is a risk but capital preservation is one of the primary reasons by which people invest their money.
  • Investment Plans help to minimize the burden of the tax.
  • Investment plans in India help to grow your income like a steady source of another income.

It ensures to keep your money safe, in every investment plan in India or investment policy in India there is a risk but venture capital singapore preservation is one of the primary reasons by which people invest their money.

Benefits of the Best Investment Plans in India or Investment Policy India

Usually, Investment Plan in India or Investment Policy in India helps you to achieve your long-term financial dream. Here are some benefits of 14 Best Investment Plans in India are as follow:

  • In today’s low-interest rates it is difficult to find a savings account that can give you more returns than the current inflation rate, so it will be worthy to invest.
  • If you are near to your retirement or you are a retired person then surely you will look for a regular income which covers your living expenses.
  • You can easily discuss your points with the investment manager regarding your portfolio and how you will achieve the different goals by which you will face a low rate of risk as you get older.
  • An investment plan in India provides you long-term returns.
  • You will get flexible investment options on the best investment plans in India like monthly, semi-annual, and annual.

14 Best Investment Plans in India

There are some top investment plans in India , you can see and understand through the chart table given below. But before you understand the table please read the short introduction on best investment plans, returns offered, tax rebate, risks, minimum investment period, and who should invest.

  • Mutual Funds: The Mutual Funds is an Investment Plan in an Indian company where many investors invest their money in securities like bonds, stocks, and other assets. In mutual funds the returns offered is market-linked, the tax rebate is ELSS or Tax-Free under section 80C, risk can be low to high, the minimum investment period depends on the schemes like ELSS has a lock-in of 3 years and investors with moderate to high-risk appetite can invest.
  • Public Provident Fund (PPF): The Public Provident Fund (PPF) was introduced by the National Savings Institute of the Ministry of Finance in 1968 to offer Investment Policy in India with reasonable returns combined with income tax benefits. In PPF the returns offered are 7.9%, tax rebate comes under the EEE category (Exempt-Exempt-Exempt), there is no risk, the minimum investment period is 15 years, and Indian citizens with long term investment goals can be eligible for investment.
  • Bank Fixed Deposit: The Bank Fixed Deposit is an investment policy in India that provides you fixed tenure where you deposit money with an agreed rate of interest. In bank fixed deposit the returns offered are fixed returns (varies from Bank to Bank), a tax rebate is tax-saving FDs allow deductions up to Rs. 1.5 lakh, there are zero risks, the minimum investment period can be 7 days, and Individuals unwillingly to take risk or exposure to equity can invest.
  • National Pension Scheme (NPS): The National Pension Scheme Trust (NPS Trust) is a specialized division of Pension Fund Regulatory and Development Authority which is under the jurisdiction of the Ministry of Finance of the Government of India. The NPS returns offered is 8% to 10% (Market Linked), tax rebate allows deductions under section 80C,  the risk can be low to high, the minimum investment period can be 60 years, and those who are looking for retirement have the best investment plans in India.
  • Unit Linked Insurance Plans (ULIPs): Unit Linked Insurance Plans (ULIPs) are not like other pure insurance policies, they provide both insurance and investment to investors under a single integrated plan. The ULIPs returns offered vary depending upon the investor’s portfolio, the tax rebate is eligible for deductions under section 80C,  the risk is high, the minimum investment period can be less than or equal to 45 years, and the investors who are looking for life cover and wealth creation can apply.
  • Gold ETF: The Gold ETF is an exchange-traded fund (ETF) where we use gold as an investment plan in India. The Gold ETF returns offered can be market-linked, the tax rebate can be treated as Debt Funds and taxed accordingly, the risk can be low to moderate, there is no minimum investment period, and any individual can invest.
  • Senior Citizens Saving Schemes (SCSS): The Senior Citizens Saving Schemes (SCSS) is a government-backed retirement savings program. The SCSS returns offered 8.7%, the tax rebate can be eligible for deductions under section 80C, there is no risk, the minimum investment period can be 5 years, and the investor can be Senior Citizens.
  • Recurring Deposits: The Recurring Deposits (RD) is a term deposit from where we can earn returns on the investment policy in India. The RD returns offered are 7%, there is no tax rebate, there are zero risks, 6 months is the minimum investment period, and any individual can be an investor.
  • Real Estate: Real Estate is the best investment plan in India where you can earn extra money or secure the money via properties and buildings etc. The Real Estate returns offered can be 10% to 15%, the tax rebate can be 20% tax deduction on taxable income, the risk is moderate, there is no minimum investment period, and any individual can be an investor.
  • Post Office Monthly Income Scheme (POMIS): The Post Office Monthly Income Scheme (POMIS) is a good investment Plan in India from where you look for regular monthly income. The POMIS returns offered can be 7.7%, there is no tax rebate, there is zero to low risk, the minimum investment period can be 5 years, and anyone can be an investor who is a resident of India.
Investment OptionsReturns OfferedTax RebateRisksMinimum Investment PeriodWho should invest
Mutual FundsMarket-LinkedELSS or Tax-Free under section 80CLow to highSchemes like ELSS has a lock-in of 3 yearsInvestors with moderate to high-risk appetite
Public Provident Fund (PPF)7.9%Comes under the EEE Category (Exempt-Exempt-Exempt)No risk15 yearsIndian Citizens with long term investment goals
Bank Fixed DepositsFixed returns (varies from Bank to Bank)Tax-saving FDs allow deductions up to Rs. 1.5 lakhNo risk7 daysIndividuals unwillingly take risks or exposure to equity
National Pension Scheme (NPS)8% to 10% (Market Linked)Allows deductions under section 80CLow to high60 yearsInvestors looking for retirement investment plans
Unit Linked Insurance Plans (ULIPs)Varies depending upon the investor’s portfolioEligible for deductions under section 80CHigh risk Less than or equal to 45 yearsInvestors looking for life cover and wealth creation
Gold ETFMarket-LinkedTreated as Debt Funds and taxed accordinglyLow to moderateNot applicableAny Individual
Senior Citizens Saving Schemes (SCSS)8.7%Eligible for deductions under section 80CNo risk5 yearsSenior Citizens
Recurring Deposits7%No tax rebateNo risk6 monthsAny Individual
Real Estate10% to 15%20% tax deduction on taxable incomeModerate RiskNot ApplicableAny Individual
Post Office Monthly Income Scheme (POMIS)7.7%No tax rebateNo to low risk5 yearsResident of India

14 Best Investment Plans in India

The 14 Best Investment Plans in India are given below and the 14 best investment plans provide you with the best source of income in the future, by which you can achieve or reach the goals. The 14 Best Investment Plans helps to create wealth in the future and meet financial goals by investing periodically like monthly, semi-annually, and annually in different investment plan like Stocks, bonds, Schemes. The Best Investment Plans also provides you investment terms like short-term investment and long-term investment where short-term investment means investing for a small period of time and long-term means investing for a long period of time or waiting till maturity. The Best Investment Plans in India enables you to invest in investment plans 2021 (see the table given below) the hard-earned money for better or positive future goals.

Investment PlansPlan TypeEntry AgeMaximum Maturity AgePolicy TermFund Options
Aegon investULIP7 – 55 years70 years10/ 15/ 20/ 25 years5
Aviva iGrowthUnit-Linked life Insurance Plan18 – 50 years60 years10, 15, or 2 years3
Bajaj Future GainULIP1 – 60 years70 years10 – 25 years7
Bajaj Allianz Retire RichUnit-Linked pension plan30 – 73 years80 years7 – 30 years3
Canara HSBC Smart Monthly Income PlanULIP Plan18 – 50 yearsN/A5 – 30 years7
Edelweiss Tokio Guaranteed Income PlanULIP Plan0 – 60 years70 years5 – 25 years7
Exide Life Wealth MaximaULIP Plan0 – 65 years75 years10, 15 – 20 years6
Future Generali Easy Invest Online PlanULIP0 – 60 years18 – 70  years10 – 20 years5
HDFC Life Click2investULIP30 days – 65 years75 years5 – 20 years8
HDFC SL YoungStar Super PremiumUnit – Linked Child Plan18 – 55/65 years65 – 75 years10 – 20 years4
India First Smart Save PlanULIP5 – 65 years75 years10 – 75 years4
Kotak Invest MaximaULIP0 – 65 years75 years10, 15, 20, 25 – 30 years5
PNB Metlife Money Back PlanMoney-Back Plan13 – 55 years65 years10 yearsN/A
SBI Life – Smart ScholarUnited-linked child plan18 – 57 years ( for proposer ) 0 – 17 years ( for Child )65 years8 – 25 years minus child age at entry7

Advantages of Best Investment Plans in India

Here are listed below the best investment plans in India by which you can understand more clearly.

  • The investment plans in India help you and your family to secure financial security.
  • For Investment policy in India, the investor works effectively towards his/her financial goals and helps you to increase the savings.
  • Investment plans in India help you to cover up any kind of unexpected expenses (liabilities).
  • Investment plans in India help you to create a monthly budget of expenditure, bills, taxes, and other liabilities.
  • An investment plan in India gives you a kind of relief that you are doing well and you can deal with many liabilities and that helps you to invest more to gain profit for a long-run time.

Investment Plans

Pension Plans

Child Plans

SIP Plans

Retirement Plans

Mutual Funds

Government Schemes

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here