Nowadays we have many investment options available. But we do not know about it. If you too belong to a middle-class family like me, then you must know that middle-class people do not invest their money but save it. By saving I mean middle-class people don’t want to take much risk but want to invest in a safe place. And most middle-class people deposit their money only in Banks’ RD or FD accounts. The biggest reason for this is that the middle-class guy earns money with great effort. And he does not want to take the risk of losing this money. In such a situation, he looks for options for such investments so that he can get fixed returns. Even if the returns are low.
A few years ago, you used to get up to 10% return on recurring deposits and fixed deposits as well. And it was a good return. But now there is a huge drop in the interest rate. Now, most of the banks do not give more than a 5% interest rate on RD and FD accounts.
So in such a situation, today I am going to tell you some investment options that can give you good returns. I will tell you some such investment options which are safe and will also tell some such options in which the risk is high but at the same time the return is also high.
So first of all let us know about some such investment options in which the risk is negligible. And you also get good returns.
Best Investment schemes for middle class family in India
PPF account is the best long-term investment nowadays. You can open a PPF account through any bank. PPF is a gift from the Government of India to the people of India. Any Indian can open a PPF account. And in this, you have 7.1 % Fixed interest is paid. But according to the time, the interest rate of PPF also keeps changing.
The biggest benefit of a PPF account is that whatever amount you will get, the entire amount will be tax-free. So people know it by the name of a retirement plan. PPF account is a long-term investment plan. And before 15 years you cannot withdraw money from it. Yes, there are some ways in which you can withdraw some money even before time. Whatever money you deposit in the PPF account, that money goes directly to the Government of India. That’s why your money is safe with the Indian government. But in a PPF account, you can deposit only a maximum of INR 150,000 in a financial year. And in a year you have to deposit a minimum of 500 INR.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is also a scheme of the Government of India. But this account is only for daughters. If you also have a daughter in your house, then you can get the Sukanya Samriddhi Yojana account opened in her name at any time after the birth of the daughter. In this account also you will be given a fixed interest rate. But in Sukanya Samriddhi Yojana you get more interest than PPF.
In Sukanya Samriddhi Yojana, you are given interest at the rate of 7.6%. And the interest rate of Sukanya Samriddhi Yojana also changes from time to time. But this is also a long-term investment. You can withdraw that money when your daughter turns 18. And all the money is tax-free. Like PPF, you can get a maximum of 150,000 INR deposits in a year in Sukanya Samriddhi Yojana.
Post Office monthly income scheme (MIS)
Many people want to invest their money in such a place from where they can get a fixed income every month. If you also want to invest in a similar scheme from where you keep getting income every month, then Post Office monthly income scheme (MIS) is a good option for you. The biggest advantage of the Post Office monthly income scheme (MIS) is that the interest amount will be transferred to your account every month. And your principal will be safe with the post office.
In the Post Office monthly income scheme (MIS), you will be given interest according to 6.6 percent. And there are also changes in the rate of the post office monthly income scheme (MIS) from time to time. Now the interest rate is very low. A few years ago, in this scheme, you were given more than 8%. But still, if you want to deposit your money safely, then Post Office monthly income scheme (MIS) is a good option.
There is a five-year lock-in period in the Post Office monthly income scheme (MIS). Meaning you cannot withdraw your principal before five years. And your interest will be deposited every month in your account for five years. Yes, you can withdraw the interest amount.
Post Office senior citizen saving scheme
If there is a senior citizen in your house, then you can invest in the senior citizen saving scheme, you can deposit only a maximum of 15 lakhs. in the post office in his name. In a senior citizen saving scheme, you will get interested at the rate of 7.4%. And according to time, this interest rate also keeps on changing.
The tenure of the senior citizen saving scheme is 5 years. But you can also extend it for 3 years. Interest on SCSS is taxable as per the tax slab applicable to the person. so this is not a tax-free investment plan.
Bank RD and FD
Bank RD and FD is an extremely popular scheme. And most of the middle-class family members save in this. But as I told you earlier that nowadays bank RD and FD are able to get a maximum of 5%. So in such a situation, Bank RD and FD is not a good savings plan. But you can invest in Bank RD and FD for emergency funds. Because if you are in need of emergency funds then you can also premature Bank RD and FD.
Invest in digital Gold and Physicals Gold like jewelry and coins
Gold has always been a good investment option. And the price of gold is also increasing continuously. In 2020-2021, there has been a rapid increase in the price of gold. So in such a situation, you can invest in gold in many ways. You can also invest in Digital Gold Scheme. There are many mutual funds in which you can invest. And you can also invest in the sovereign gold bond scheme of the Government of India.
Sovereign Gold Bond Scheme
The sovereign gold bond scheme is an investment scheme. In this, you can invest in paper gold. When you buy paper gold from the Indian government you will not get physical gold. In the sovereign gold bond scheme, you get gold at a cheaper rate than the market. And you can also sell this paper gold after 5 years and the Indian government buys this paper gold from you. And after five years, according to the price of gold, the Government of India will pay you. The most important thing about the sovereign gold bond scheme is that in this scheme you will get 2.5% Additional interest is paid.
Some such risky investments in which the risk is high and the return is too high
So now I am going to tell about some such risky investments in which people of most middle-class families shy away from investing. But now slowly this thinking is changing. And middle-class people are also choosing these investment plans. So let us know which are those investment plans.
Nowadays many people are investing in the stock market. And you already know that we can earn a lot of returns in the stock market. But the risk in the stock market is also very high. If you are new to the stock market then you should invest in such stocks which are fundamentally strong. There are some in the stock market that has been performing consistently for the last several years. And you also know about these companies. So below I am giving the names of some companies for reference.
- Adani group
- Asian paints
- HDFC bank
- ICICI bank
There are thousands of companies in the same share market, but there are some companies that are consistently doing well and you can invest in these companies without fear. But before buying shares of any company, definitely check the balance sheet of the company. Or take the advice of experts.
You will also find many types of funds in Mutual Funds such as Debt Funds, Hybrid Funds, and Equity Funds. Debt Funds are the safest funds but at the same time, the returns in Debt Funds are also less. So in such a situation, we will talk about investing in equity funds. Even in Equity Mutual Funds, your money is invested in the shares of the share market only. But you do not need to think much about this.
You have to give money to the mutual fund company and the mutual fund company will invest your money in a good place so that you can get good returns in the future. So if you do not have much knowledge about the stock market then you can invest in mutual funds. Yes, like the stock market, the risk in mutual funds is also high. But mutual fund company invests your money not in one stock but in very good stocks, which reduces the risk factor.
NPS (National Pension System)
NPS (National Pension System) is also a risky investment and NPS (National Pension System) is also a market-related investment plan. But NPS (National Pension System) is a good option for the long term. You can invest in NPS (National Pension System) in both debt funds and equity funds. And the best thing about NPS is that it is a tax-free investment and your entire amount will be tax-free on maturity. But if you invest in NPS, then the maturity of NPS will happen when your age will be 60 years. So this is a long-term investment plan. So if you are looking for a safe retirement plan, then PPF and NPS are good options for you. And the special thing about both of them is that both of them are tax-free plans.
So these were some such investment plans in which you can invest and earn good returns. Apart from this, you can also invest in property. If you want rental income then you can invest in property and get good rent every month. The land has always been considered a good investment. Because the price of land and gold always increases. So in this way, I have told you about many investment plans. Some of these are safe plans. But even in them, you can get a good return. And there are also some such plans which are risky but the return is also high in them.
So in this case you should do mix investment. You should invest 20% of your savings every month in Equity Marketlike Mutual Funds or the Stock market. And you should also make some investments for the long term in PPF and NPS. So that you can get a good amount on retirement. Apart from this, if you want, you can invest in gold and other schemes also.
So hope you liked this information. I have tried to provide complete information about investment from my side. But if still any information is missed then you can tell us through the comment. We will try to answer your questions as soon as possible.