Just started working? Here are few investment options for you
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Just started working? Here are few investment options for you

  • Highlights

  • Early investment ensures financial security in future

  • Fixed Deposits offering stable returns with security

  • Returns of 8% to 9% with mutual funds





Young adults who have just started working may not find themselves investing for the future. However, this is the age when you can make some of the wisest investment decisions and create a nest egg for the future.
Investing early in your life can ensure your money grows with time and provides you security in the times to come. There are numerous investment options available for you to choose from, depending on your risk appetite.

Here are a few investment options to consider:

1. Fixed deposits


1) These deposits can offer you higher interest rate with greater stability.
2) They offer high stability and security, along with a flexible tenor to suit your requirements.
3) You can choose from cumulative or non-cumulative FDs. Cumulative FDs provide higher returns, while non-cumulative FDs are good for periodic income.

4) They may or may not offer you premature withdrawal, depending on the terms of the lending institution. Premature withdrawals could be charged depending on the conditions of the company.
5) These deposits can be easily renewed after the lapse of the tenor. Sometimes, renewing with the same financial company can also get you a higher interest on your FD investment.

2. Mutual Funds

1) This option involves investing money in market securities.
2) These securities are issued on a yearly or monthly basis by organisations seeking to raise cash.
3) This option can provide you rates of return ranging from 8% to 9%. This investment option can provide high returns in a short period.
4) However, the returns from this option are not guaranteed and depend on market fluctuations.
5) You can choose to invest in various types of mutual funds, like diversified funds, gold mutual funds and more.
6) Choosing to invest in SIPs on a monthly basis may be the most prudent option for you.

Additional Read: 5 Best Short-Term Investment Schemes To Make Money

3. Recurring fixed deposit:

1) Working on similar terms as the FDs, this option allows you to invest a sum of money on a monthly basis, rather than making a lump sum investment.
2) The interest for recurring deposits is accumulated over the tenor, and paid out at the lapse of the tenor.
3) Premature withdrawals may be prohibited or penalized depending on the terms of your lender.
4) This option can also offer you higher interest rates.
5) This option provides safe and guaranteed returns, but might not be sufficient to overcome inflation.

Bajaj Finance Fixed Deposit Features & Benefits

4. PPF:

1) The public provident fund is a safe vehicle for investment provided by the government.
2) It involves making an investment in a public government fund, which provides accumulated returns at the end of the tenor.
3) The tenor for this plan goes up to 15 years.
4) It is ideal for salaried investors who prefer investment of small sums over a monthly basis.
5) The investment amount can range from Rs.500 to Rs. 1.5 lakh, giving you the option to choose what you can afford to invest.

Additional Read: 5 Important Things To Check Before Making An Investment

5. Flexi deposits:

1) These are the same as fixed deposits, but with a high amount of flexibility.
2) The returns from these deposits are guaranteed and you can choose the tenor.
3) This option allows premature withdrawal with prior notice. There is no penalty charged over premature withdrawal.
4) The tenor can either be short term or long term depending on your requirements.

Young professionals who have just started working can invest in any of the options above for short and long term gains.

Ensure that you choose multiple means of investment based on your income, you risk appetite and your goals for the future. An FD should be a part of your diversified investment portfolio as it offers fixed returns and premature withdrawal.

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