Investment options to grow your wealth

2 min read

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.

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