Introduction for Best Individuals Investment Options 30s:
Before knowing about the best investment options at the age of 30s, first we need to know ‘What is Investment’ and how important it is in an individual’s life, why do people need to invest etc.,
Investment is an asset for any individual with a goal of increasing income or money. An individual need to invest in need of financial security and it can be attained by saving and investing money for a long term.
30’s is considered as the most crucial period in any individual’s life by adding new responsibilities like getting married, having children, purchasing future home and retirement. Best Individuals Investment Options 30s.
Basically, there are two types of investment options.
(i) Financial assets – market related products like mutual funds, stocks. Fixed income products like PPF and FD’s.
(ii) Non-financial assets – investments in gold and real estate. Various Investment Options:
Best investment options for 30’s-
1. Public Provident Fund
2. Mutual Fund (SIP)
3. Real Estate Investment
4. Gold ETF
5. Post office monthly Income Scheme
6. Bank Fixed Deposits
7. Recurring Deposits
8. Life Insurance policies
Public Provident Fund – Public Provident Fund or PPF scheme is most popular as it provides the investment option for ordinary people with the minimum investment amount of Rs. 500/- per month which is provided by the Government of India with total security and attractive interest rates that are tax exempted. This is also a savings-cum-tax-saving instrument in India. This was introduced by ‘National Savings Institute of the Ministry of Finance’ in 1968.
The main purpose of this scheme is to provide small savings by providing an investment with reasonable returns along with income tax benefits. In this scheme, an investor can invest a minimum amount of Rs. 500/- and up to a maximum amount of Rs. 1,50,000/- in one financial year (FY) with a minimum investment and locking period of 15 years. The time frame can also be extended for the next 5 years. All interests earned on the ‘Public Provident Fund’ are tax-free. This scheme is completely undertaken by Central Government and is the safest and secured scheme. Best Individuals Investment Options 30s.
Mutual Fund (SIP) –
Systematic Investment Plan/SIP allows the investor to invest a fixed amount in regular interval like weekly, monthly or quarterly. Investing in SIP has become easy for the investors to buy mutual funds or equities. By investing in SIP, a fixed amount will be deducted from our savings account every month on a particular date and it directs to the mutual fund in which we have invested in.
The minimum amount to be invested can be as low as Rs. 500/- and there is no limit for maximum amount. SIP is very flexible in nature; hence investors can choose to increase or decrease their investment amount or stop investing in that plan whenever they want. SIP is the best, safest and perfect choice for the individuals for the initial beginners who start their investment and for those individuals who doesn’t have much knowledge about this financial market.
Real Estate Investment –
Real Estate is one of the fastest growing sectors in India. It comprises of major areas like housing, commercial complexes, hospitality, manufacturing, retail and many more. Purchasing a plot, flat or individual house is the best option available in the area of investment. The risk of investing in real estate is very less because the rate of property increases within a period of 6 months.
Gold ETF –
Gold ETF is referred as ‘Gold Exchange Traded Funds’. Gold ETF is an investment option which allows us to invest gold online. Gold ETF’s are open-ended mutual fund schemes that will invest the money collected from investors in standard gold bullion of 99.5% purity. The nature of this funds is open ended which are traded on a stock exchange like the shares of an individual company. Gold exchange – traded funds are traded on the major stock exchanges like New York Stock Exchange, Paris Stock Exchange [now known as NYSE Euronext (NYX)], Bombay Stock Exchange (BSE) and SIX Swiss Exchange.
Post office monthly Income Scheme –
Post Office Monthly Income Scheme or POMIS is a scheme at low risk and was under the influence of ‘Finance Ministry’. Hence, it is highly reliable. This is a 5 yr investment scheme with a maximum amount of Rs 9 lakh under joint ownership and Rs 4.5 lakh under single ownership. The interest rate is fixed each quarter and is currently at 7.8% per annum which is payable monthly. Best Individuals Investment Options 30s.
Bank Fixed Deposits – Best Individuals Investment Options 30s
Fixed deposit or Term deposit is the safest investment among all the other saving instruments. The duration of fixed deposit may be from 1 day to 1 year. Minimum amount will be Rs. 1000/- and there is no limit for the maximum amount. The rate of interest depends on the tenure of the fixed deposits and the bank’s interest rate at that particular period of time. Best Individuals Investment Options 30s.
Recurring Deposits –
Recurring deposit is a special type of term deposit which are offered by various banks in India. This deposit helps the individuals to earn regular incomes every month into their recurring deposit account. Recurring deposit accounts can be opened at banks or post offices. And it is considered as the safest way to deposit money in recurring intervals. The tenure can be from 12 months to 5 years. Monthly, quarterly, half-yearly and yearly interest options are available.
Life Insurance Policies –
Life Insurance is an agreement between a policyholder and an insurance company, in which the insurer guarantees to pay an assured sum of the amount to the beneficiary after the maturity period (or) nominated beneficiary in the unfortunate event of the policyholder‘s demise during the term of the policy.
There is a saying called “Better Late Than Never”. Hence, it is better to start saving from the early 20’s or at least in 30’s from the various available investment schemes for the future goals or needs. “Best Individuals Investment Options 30s“.
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