Amazing Schemes That Will Make You Rich! Start with just ₹500.
In today's world, simply saving money is not enough. Smart investments are essential for financial security and a strong future. Let's learn about 4 amazing, high-return, and safe schemes: Equity Mutual Funds, PPF, NPS, and SGBs. These can increase your wealth and provide financial independence.
In the current times, just saving your money isn't sufficient. To have a secure and financially strong future, it's very important to make the right investments. Smart investments can create significant wealth in the long term. They can make you financially independent. Let's now try to learn about four fantastic schemes that are safe and offer good returns.
Equity Mutual Funds..
If you are ready to take a little risk, Equity Mutual Funds are a fantastic option. Through SIPs, investing small amounts can lead to a significant corpus growing over the long term. You can start a SIP in your wife's name with just ₹500. You can invest in Large-Cap or Multi-Cap funds with a good track record. Over the long term, these have the potential to deliver significantly higher returns than FDs or PPF. Remember that Mutual Funds are subject to market risk, so seek complete information before investing.
Public Provident Fund..
PPF is a completely safe government scheme. It offers a 7.1% annual compound interest rate. The money earned is completely tax-free. You can open an account in your wife's name at a bank or post office and deposit anywhere from ₹500 to ₹1.5 lakhs per year. Over a 15-year period, this fund grows substantially. The biggest advantage of PPF is that there is no risk of capital loss, and your money grows rapidly while saving on taxes.
National Pension System..
NPS is an excellent long-term retirement scheme. You can choose to invest in both equity and debt instruments. You also get an additional tax exemption of ₹50,000 under Section 80CCD(1B) of the Income Tax Act. This scheme provides retirement security and helps you build a large corpus over the long term. NPS has low costs.
Sovereign Gold Bond (SGB)..
There is often a concern about theft or making charges when buying physical gold, but SGB offers an easy solution to this problem. Government-issued SGBs offer a 2.5% annual interest on the gold's market value, along with an 8-year maturity period. Redemptions are available after 5 years. There is no capital gains tax on maturity. This investment provides your wife with the security of gold. It offers a great combination of returns.
