Long Term Investment Plans: Here are five best plans for long term investors.
Most investors want to get a high return on their investment. There are a number of short-term investment plans to double the money in a few years without contributing to the investment. But there are different plans to suit the different needs of individuals. Choosing the right one is a difficult one. People choose long-term investments for two main reasons. One is to raise money and the other is to save for the future. Let’s see which project can be invested according to the current needs.
Mutual Fund
Mutual funds are one of the most sought after investments by investors. Experts recommend investing in these types of schemes as mutual fund schemes offer returns of up to 12 per cent. If you save Rs 5,000 per month, you will get Rs 50 lakh in 20 years. Of this, your investment is only Rs 12 lakh. The remaining amount will all be available as profit. Equity mutual funds are the number one mutual fund.
National Pension Scheme (NPS)
NPS is one of the best investment schemes implemented by the Central Government. Retirement will require a fixed amount to sustain life without anyone’s help. Pension or investment will be helpful. Interest returns of 8 to 10 per cent are available under the National Pension Scheme. The scheme provides tax relief under Section 80C of the Income Tax Act.
Public Provident Fund (PPF)
PPF or Public Provident Fund is the best investment scheme in the long run. This plan is a boon for those who are thinking of investing for long term purposes especially for leisure as it is a safe substantial return investment. You can pay a minimum of Rs 500 to a maximum of Rs 1.5 lakh to open a PPF account. The current interest rate on PPF is 7.1 percent (for the quarter ended March 31, 2021). The project is a 15-year project. But the scheme can be extended for a further 5 years or more within one year of maturity. The loan can be availed from the 3rd year of opening the PPF account. The government’s public provident fund account can also be opened through the post office, public sector banks and some leading private banks.
Stock market investment
We need to keep an eye on when investing in the stock markets. Although this is a plan for long-term capital gains, the return on investment of this type is not fixed. Investors who have invested in Balanced Advantage Funds are experiencing a moderate impact on market downturns. These are profitable and safe funds suitable for the majority of investors who want to make investments in line with the trends of the stock market.
Real estate investment
Real estate investment means that those who expect better returns in the future can spend a good amount at once. The Real Estate Regulation and Development Act has lifted the market. And it is one of the safest investment options in the long run.
