Investment options to grow your wealth
An investment is an asset that helps in wealth creation. The corpus created can be used for various reasons, such as saving up for retirement or a down payment, building an emergency fund, or fulfilling specific obligations such as repayment of loans, tuition fees, or purchasing other assets.
Given below are the benefits of investing:
- Hedge against inflation: With inflation indices rising continuously, choosing suitable investment vehicles to stay ahead of inflation is more important than ever. Investment options like fixed deposits can offer returns above 8% p.a., which can help you outrun the average inflation rate of 4.75% p.a. and still reap profits.
- Manage financial goals: Starting investments based on your long or short-term plans can quickly help you meet your financial goals. You must chalk out a proper method to tie up every investment with your goal, so you can quickly fulfil them.
- Compounding returns: When you start investing early, you can reap the benefits of compounding returns, which keep increasing over time.
- Create a retirement corpus: You can invest smartly to grow your retirement corpus and accumulate your savings to grow over time. By setting aside a sum of money for retirement, you can ensure that you cater to your regular expenses and secure your future.
Top 10 best investment plans:
- Stocks
- Bonds
- Investment funds
- Fixed deposits
- Provident Fund
- National Pension System
- Certificate of deposit
- Retirement plans
- Public Provident Fund
- Senior Citizens' Savings Scheme
In addition to higher savings and better returns, you can look for liquidity as per your needs, along with a secure nest egg for your retirement. You can invest in different avenues to grow your savings, but over-exposure to growth-oriented investment avenues like stocks and equities can lead to higher risk.
Instead, you can allocate a part of your investment portfolio in fixed deposits, which help you gain guaranteed returns and a flexible tenor. For those looking for principal safety and higher returns, investing in Bajaj Finance Fixed Deposit is a great option.
When investing in a Bajaj Finance FD, you can easily choose your tenor, and the frequency of your interest payouts also gets the highest FD interest rates in India. Investing in a Bajaj Finance Fixed Deposit is very easy, and you can start investing with just Rs. 15,000.
