If you want to get better returns while keeping your money safe, then it is important that you choose an investment option that is considered reliable with low risk. While there are high -risk options with high returns promises in the market, on the other hand there are some schemes that come with facilities like fixed returns, government safety and tax benefits. Let’s know 7 low -risk investment options, which most people ignore:
Fixed Deposit (FD)
Fixed deposit schemes of banks are still considered one of the safest investment options. In this, your money remains deposited for a fixed time and gets a fixed interest on it. Some 5 years of tax saving FD schemes also provide tax exemption of up to ₹ 1.5 lakh under Section 80C. Pay benefits in this: Guaranteed returns, partial withdrawal and loan facility on FD.
Life Insurance (Life Insurance)
According to HDFC Life, life insurance plans ensure investment as well as financial security of you and your family. At the end of the policy period you get a maturity amount and a life cover is also provided in the event of an accident or death. Not only this, you can also get relief in tax under Section 80C of Income Tax.
Public Provident Fund (PPF)
The Scheme Public Provident Fund PPF of the Government of India allows you to invest from ₹ 500 to ₹ 1.5 lakh annually. The interest and maturity amount received in PPF is completely tax free. At present, the interest rate is 7.1%. The plan has a 15-year lock-in period, but partial withdrawal facilities are also provided from the 7th year.
Sleep
Investing in Gold Jewelery, Sovereign Gold Bond, or Gold ETF has been considered safe for centuries. Gold not only increases your property but also helps in protecting from the risk of inflation. Its prices are usually stable over time, ensuring capital safety.
Recurring deposit (RD)
If you want to make a habit of regular savings, then RD is a better option. In this, you deposit a fixed amount every month and get a similar interest from FD. The scheme is not connected to the market, so the risk is zero. Through this, by investing, you can gradually prepare funds by making a set target for children’s education.
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