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In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Kotak e-Invest
Features
Ref. No. KLI/22-23/E-BB/492
Safe investments are assets that preserve capital while posing a low risk of loss. It generates substantial returns while maintaining security.
Investment market is India is currently said to be growing at a pace that has attracted everyone’s attention. While everyone gets advice of investing in Indian stock markets, you would still wish to find the right and more importantly, safe options that can get you higher returns.
So if as an investor, you are looking at safe investment options with high returns in India, here is the list of best and safe investment options along with their benefits and a some tips to improve return rates on investments.
Investment planning is essential for sustaining your financial health. It is necessary to understand your financial requirements and goals and plan the moves accordingly. Financial planning ensures that your investment is safe and you are not heavily cutting your daily living expenses. Having said that, it is crucial to look for financial options that are the best mix of safety and returns. You must invest in at least one such financial plan that is highly secure, possesses no or low risk, and, at the same time, yields high returns on your investment.
Several modern and traditional options for safe investments with high returns in India exist. However, you need to check all the aspects of investing money into savings plans.
Due to the uncertainty in various investment sectors, people are increasingly choosing risk-free options and investors prefer safer market options such as bonds, debt, and securities.
Let us look at the safe investments with high returns in India in 2024.
As the name suggests, it is one of those plans that offer better, safe, and guaranteed returns. A guaranteed savings plan is a savings and protection-oriented plan that offers benefits to the policyholder both on maturity and on death. The best part about this plan is the return you get on your investment and bonuses, and you can also add riders to the plan to enhance your plan’s protection cover further.
Government-backed schemes have served as the safest investment option for a very long time. The Public Provident Fund (PPF) is one of the most reliable. It is a long-term savings scheme with a lock-in period of 15 years. However, PPF yields a higher return on investment than other options. It is a great way to build a retirement corpus while saving taxes.
SCSS (Senior Citizens Savings Scheme) is a post office savings scheme for senior citizens that provides investors with security and a predictable income. It is also a tax-saving strategy ideal for retirees seeking a low-risk investment. Under this scheme, section 80C of the Income Tax Act allows for a tax deduction for assets.
SCSS proves to be among the safe investments with high returns in India, as the government backs it. Hence, it falls under the category of low-risk investment options.
Fixed deposits are the most common form of a savings plan and the simplest method of safe investments with high returns in India. A bank FD offers a higher interest rate than a regular savings account. However, the decreasing rate of interest is still a concern for many. If you are looking for a short-term investment with good liquidity, it is recommended that you consider FDs. However, a Guaranteed Savings Plan would be a good move since it offers tax benefits, long-term investment, and excellent returns.
A great government-backed investment option is the best for individuals looking to invest money to secure their future after retirement. The national pension scheme provides a great interest rate of 8% to 10%. The minimum sum you can contribute to this fund is ₹6000 in a year, i.e., roughly ₹500 per month. Any Indian citizen who is 18 years to 60 years old can open an NPS account. The policy matures when the policyholder attains the age of 60, and it can be extended to 70 years. It also offers tax savings options. Thus it is a great long-term savings plan for many individuals.
ULIPs are one of the best safe investment in India. They have a lock-in period of five years, allowing you to withdraw funds only after five years resulting in high returns. They offer investment flexibility that allows you to select from various equity, debt, and hybrid funds based on your risk tolerance. They also provide significant tax benefits under section 80C of the Income Tax Act.
Recurring deposits are an alternative to fixed deposits. It allows you to invest a fixed amount regularly, whether small or large. These deposits are considered one of the safest investments in India because they pay higher interest rates than regular savings accounts. They can also serve as collateral for loans.
The Pradhan Mantri Vaya Vandana Yojana is a government-backed retirement and pension scheme. To benefit from this plan, the subscriber must be a senior citizen, meaning he or she must be over 60. This scheme guarantees subscribers returns at 7% to 9% for 10 years. The scheme’s interest rate will be reset every year and in line with the revised interest rate offered for the Senior Citizens Saving Scheme (SCSS).
Gold has been considered a safe investment option for ages. It is recognized for its historical stability, liquidity, and ability to preserve wealth. It provides diversification benefits, is extremely liquid, and has significant cultural value. Prices of gold hold significant value over time, providing capital protection.
Savings bonds are debt securities issued by the government. They can be a good choice for investors looking for a reliable investment that provides regular income. Since the government backs these bonds, they help you retain and secure your capital. Savings bonds’ interest rates guarantee returns and money growth.
From traditional investment vehicles to cutting-edge digital innovations, the benefits of investment plans in 2024 are poised to captivate and revolutionize how you approach wealth creation. Take a closer look at the advantages of investment plans:
Different investment plans enable individuals to diversify their portfolios more easily and efficiently. Traditionally, portfolios were limited to stocks, bonds, and real estate. But now sector funds, commodity-focused funds, and asset allocation funds have become great choices, which eventually help maximize returns.
The benefits of investment plans extend to accessing cutting-edge technologies. From Robo-advisors leveraging artificial intelligence to algorithmic trading platforms, investors can harness the power of automation and data-driven insights to make more informed investment decisions.
Investment plans allow individuals to align their financial goals with their values by embracing sustainable and impactful investing. The world is awakening to the urgent need for Environmental, Social, and Governance (ESG) considerations in investment strategies. With this increased focus on sustainability, ethical practices, and corporate responsibility, investors can channel their funds toward companies and projects that positively impact the world.
The most alluring benefit of an investment plan is the potential for long-term financial security and freedom. Investments can grow significantly over time by adopting a disciplined approach and leveraging the power of compounding.
Higher returns enhance purchasing power and financial stability, ensuring investments grow enough to meet future needs and goals. Here are some strategic tips on how to improve return rates of investments:
You should spread your investments across various asset classes, such as equities, mutual funds, real estate, and fixed deposits, to balance risk and maximize returns.
Equity investments generally offer higher returns compared to traditional options. Consider investing in high-growth sectors or stocks with strong fundamentals.
Staying updated with market trends, economic indicators, and policy changes. Make a regular rebalancing that ensures your portfolio aligns with your risk tolerance and investment objectives.
SIPs in mutual funds help reduce investment costs and compound returns over time. Choose mutual funds with a good track record and appropriate risk profile for a more disciplined investing.
Seek advice from certified financial planners to tailor an investment strategy that aligns with your goals and risk tolerance.
When choosing an investment plan, consider your financial goals, time horizon, and risk tolerance. Diversification and a balanced approach to savings and investments are often recommended to manage risk and potentially maximize returns. Consulting with a financial advisor can also provide personalized guidance based on your circumstances.
So, if you want to invest your hard-earned money in safe schemes, the above plans are your best bets. Experts suggest you keep a vivid portfolio with all short-term, mid-term, and long-term policies. Modern investment options like ULIPs and Guaranteed Savings Plans are some policies that low-risk investors must explore before finalizing a savings plan for their financial goals.
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Here are a few benefits of safe investments:
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Several investment options can provide better returns than Fixed Deposits (FDs). Some popular alternatives include:
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Various investment options provide high returns:
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The safest tax-saving investment options in India include:
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Kotak e-Invest
Features
Ref. No. KLI/22-23/E-BB/521
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
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