Best Investment Options in India
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Best Investment Options in India

  • Highlights

  • Life insurance protects your family against financial insecurities

  • Fixed deposits offer assured returns

  • Mutual funds help you generate inflation-adjusted returns

  • Health insurance prevents out-of-pocket expenses

Making choices with money and being able to make it work for you requires an in-depth understanding of the various investment avenues. A disciplined investment strategy is one that aligns with your financial goals. Goal-based investing ensures that funds are available at the right time in the right amount. Based on your risk appetite, horizon and life goals, you can contemplate these available investment options in India:

Life insurance

The primary step of financial planning is to secure your family’s future. Life insurance, particularly term plans, help your family stay financially secure in case of your absence. Term plans offer a large cover at an affordable premium and help your dependent square off liabilities incurred in form of loans, and keeping other goals on track.

Other life insurance plans such as endowment and money-back policies give you a lump sum on maturity to address essential financial goals such as your child’s higher education or marriage. Unit-linked insurance plans (ULIPs), on the other hand, give you the best of both worlds – insurance and investment. A certain portion of the premium is used for life cover, while the other is invested to earn returns.

Fixed deposit

One of the most popular modes of investment, fixed deposits (FDs) offer assured returns and are immune to the vagaries of the stock market. While earlier banks were the go-to options for FDs, today they are even offered by NBFCs.

Notably, interest rates on FDs offered by NBFCs are higher than the market average. For instance, Bajaj Finance Fixed Deposit offers an interest rate of above 8% on your deposit. FDs are ideal instruments for building an emergency corpus.

Mutual funds

With their ability to generate inflation-adjusted returns in the long-run, retail and seasoned investors have embraced mutual funds in a big way. Mutual funds, particularly equities have the potential to generate returns higher than any other asset class.

While aggressive investors can bank on equities, hybrid funds, which invest in a mix of equities and debt, are the best bet for conservative investors. On the other hand, debt, liquid and short-term bond funds are better substitutes for a savings account.

Real estate

Though investment in real estate has lost some sheen after demonetization, investment in the sector is gaining traction after the introduction of RERA and the Government’s effort to boost affordable housing. While investment in real estate has its own perks, the flipside is that it is a highly non-liquid asset which means it can’t be easily converted into cash.

Prior to making an investment in real estate, make sure the property is free of dispute and the papers are in order in accordance with the laws.

Health insurance

The biggest return from investing in health insurance is the financial muscle it provides while tackling a medical emergency. An effective risk-mitigating tool, health insurance reimburses the hospitalization costs.

While regular health plans are indemnity policies covering only hospitalisation expenses, critical illness plans are fixed-benefit plans which pay the entire sum insured on the diagnosis of a critical ailment.

With pre-approved offers from Bajaj Finserv on an array of loans, availing finance is quick and easy. Share your basic details to know about your pre-approved offer now.

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