Different types of investment plans


The money can always be sued for your kid’s education or even their long-term future. You can choose to invest in a monthly pension plan too where you invest a definite sum of money until a certain age and that money is paid out to you as a pension in your old age which takes care of the essentials

FD:

As the most seasoned speculation conspire known in India, the settled store is one of the least demanding venture designs. Regardless of whether it has a base square of 5 years, it offers that enthusiasm up to 7.5% every year which is additionally exposed to the assessments. TDS issues, bringing down returns have incurred significant damage on its ubiquity.

PPF:

PPF has a lock-in period of 15 years which disallow you to withdraw money instantly. Even if there is a loan facility available, it is one of the safest options available in the country. You could even extend it for a period post the maturity date such that you can continue investing up to a ripe age. Moreover, it is tax-free at the time of maturity and it is one of the go-to options for all individuals. Not only it is a corpus saving, but also saves you a lot of tax under section 80C.

National Pension Schemes:

National Pension Schemes are another scope of investment where you can invest in two forms called Tier1 and Tier 2. Tier 1 is a non-withdrawal account where your options are limited. It is specifically meant for retirement and the stringent norms restrict you in general. Tier 2 is however more flexible in terms of withdrawal. It is a voluntary account and is not regulated by any trust as such. It gives you tax benefits, and it is exempted from any taxation in the long run. With exposure to the equities market, it gives you growth benefits which is a great option given that wealth development is the focus.




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