Most investors want to get high returns on their investment as fast as could really be expected, without the danger of losing the principal amount. Along these lines, they continuously search for short-term investment plans that can double their cash in a few years. Lamentably, such investment plans are not accessible as of now. The next best thing an investor could do is to discover products that guarantee them great returns over a period of time but are generally safe. In any case, there are various plans to suit various requirements of people and it very well may be an overwhelming errand to pick the right one.
Individuals make long-term investments for mostly two reasons: wealth accumulation and to cater to future necessities that would require a decent amount of expenditure. Here five long term investment intends to make it simple for you to decide which one suits your requirements best.
- Mutual Funds
They are one of the most sought-after investment alternatives. To filter it down, equity mutual funds are the top-rated among the accessible mutual funds. This is on the grounds that they give significant high returns. In any case, they likewise imply high risks. You can invest in mutual funds with a sum as low as ₹ 500 a month.
- National Pension Scheme
A government-backed retirement-cum-pension scheme, it gives you the genuinely necessary wellbeing for your investment. Investing in this plan will prompt wealth accumulation and give a monthly pension when you retire. This investment meets all requirements for tax benefits. This plan is especially gainful for the individuals who don’t have PF deduction from salary.
- Public Provident Fund
The PPF scheme is one of the best investment options for the individuals who are risk-averse. You can work this account regardless of whether you are not internet savvy by visiting a bank or a post office. A long-term investment option, it comes with a lock-in period of 15 years and gives an alternative to expand the plan in a block of five years. In the event that you need a loan, you can benefit it against your PPF balance. You are additionally permitted to make a premature withdrawal after the seventh year of opening the account. The interest procured on it is tax-free.
- Stock Market Investment
Stock market investment requires regular monitoring. The returns offered by this sort of investment are unequaled in spite of the presentation of taxes on long-term capital gains. You can spread the risk by making a balanced portfolio and investing in various stocks.
- Real Estate Investment
Real-estate investment is a fine alternative for the individuals who can spend a good amount of cash without a moment’s delay for an incredible return in the future. The industry is directed well and the presentation of the Real Estate Regulation and Development Act (RERA) has helped this market. Additionally, it’s one of the most secure investment alternatives as long as possible.
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