Life is unpredictable, so it’s not worth wasting time worrying about what might happen next. There are a variety of savings & one-time investment plans to ensure that your money works hard for you, allowing you to celebrate and live life to the fullest. Everyone is always searching for improved financial returns and the best one-time investment plan. Making the appropriate decision, on the other hand, requires careful planning and long-term thinking. Best one-time investment plans are critical since simply earning money is no longer sufficient in today’s market. Money sitting in your bank account is a missed opportunity. To receive a decent return on that money, you should invest it wisely.
What is a one-time investment plan?
A one-time investment plan is a sort of investment in which a lump sum amount is invested in a specific scheme for a set period of time in one go. If you have a large sum of money and a high-risk tolerance, you can invest in a one-time investment plan as an investor.
Unit Linked Insurance Plan (ULIP)
ULIP is a type of one-time insurance plan that includes a portion of the investment. As a result, you can get a life insurance policy and invest in Unit-Linked Insurance Plans based on your risk appetite. Moreover, it has a five-year lock-in term, allowing you to swap between investment funds several times. In addition, the amount contributed to ULIPs can be claimed as tax-deductible under Section 80C.
Public Provident Fund (PPF)
The Public Provident Fund is a government-run investment scheme with a 15-year lock-in term. Every year, the income generated on your investment is compounded, resulting in attractive returns at maturity. You can invest a maximum of ₹1,50,000 per financial year, with a minimum of ₹500. You can invest in a bulk sum or on a monthly basis. After five years from the date of the initial investment, partial withdrawals are permitted. You can claim income tax deductions under Section 80C, which has a maximum cap of ₹1,50,000 each financial year if you invest in PPF.
Real Estate
For many people, real estate has long been the preferred best one-time investment plan. Even now, rates are rising, making real estate a profitable investment. Moreover, when compared to other financial instruments, most people believe it is a safer alternative.
Fixed Deposits (FD)
Bank fixed deposits are the most popular low-risk, best one-time investment plan with high returns in India. The returns are guaranteed, allowing you to invest for longer periods. Even though the interest rates are lower than those offered by other investments, many people prefer it. The FD’s interest rate can be configured to be paid monthly, yearly, weekly, or even daily.
Invest in Gold ETFs
Gold bullion is purchased through gold exchange-traded funds (ETFs). These ETFs monitor domestic gold prices and are passive investments. They are a substitute for buying real gold. They are available in digital form. Each unit of the Gold ETF is one gramme of gold and is backed by 99.5% pure gold. On stock markets, gold exchange-traded funds are traded. A Demat account and a trading account are required to buy and sell them because the purchase and redemption take place on an exchange.
Additionally, Gold ETFs reduce the risk and expenses related to gold storage. They are also less taxed than real gold. As a result, those looking to invest in gold in order to earn profits and reduce their tax obligations can.
Bank Fixed Deposit or Time Deposit
Fixed deposits (FDs) are a type of savings plan provided by both public and commercial banks as well as non-banking financial institutions (NBFCs). When a fixed deposit matures, you can invest a lump sum in exchange for interest and the principle amount. This one-time investment plan has a defined term, and you must pay the penalty and accept a lower interest rate if you withdraw before it matures.
On fixed deposits, banks offer variable interest rates. Additionally, an FD offers a larger interest return than a savings account. Depending on the investor’s preference, the interest amount on an FD is either paid to the investor at regular intervals or on maturity.
In conclusion, you should consider one-time investment plans if you recently received a sizable sum of money as a result of closing a lucrative business deal, selling a piece of property, or doing another similar action.
So anyone who has a respectable amount saved up can choose one-time investment programs with ease.
Numerous one-time investment plans with high returns are available on the market, each tailored to a specific goal and risk profile. Of course, every investor is different, and the ideal investment for you is determined by your time horizon, the amount of capital you are ready to invest, your risk tolerance, and your willingness to diversify your portfolio. Fortunately, there are plenty of resources available to assist you in finding your investing match. You can use online platforms to find the top mutual funds in India or even seek professional advice!
