New Year Plan: If you want to invest without risk, then we are giving you three such options which can prove to be beneficial for you.
If you are planning to invest on New Year, then invest safely without risk. It is often seen when people sit in a place without knowing where the risk is high and the returns depend on the fluctuations of the market. In such a situation, the amount of money invested in return for investment is not given back.
In many cases the entire money is lost. If you want to invest without risk, then we are giving you three such options which can prove to be beneficial for you. Let us know about these options: –
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1. Kisan Vikas Patra: By investing in this post office scheme, you can get double the returns. It is run by the government and is guaranteed double returns in return for investment. In this scheme, a double investment is being offered in 124 months at the time of making a lump sum investment. It is mandatory that the investee be at least 18 years of age. Single account can be opened. Certificates of Rs 1000, Rs 5000, Rs 10,000 and up to Rs 50,000 are issued in this scheme. Apart from single account, the facility of joint account also. Interest rate of 6.9% is available now.
2. PPF Account: Public Provident Fund (PPF) is considered a better option for investing in small savings scheme. The special thing about PPF is that it gives better returns than banks and fixed deposits. The PPF account opens with a minimum amount of Rs 500 or more. In this case, you will have to pay 500 rupees by cash or check. To open an account, the guardian has to fill the minor related information by filling in the account opening form. The special thing is that PPF account can also be opened in the name of children. Currently, 7.10 percent interest is being received on the amount deposited in the PPF account.
3. Gold: Investing in gold is considered very beneficial. In the past several years, the price of gold has increased continuously. So far this year, the price of gold has increased by about 28 percent and in August it was at an all-time high. Talk about options for investing in gold, you can buy physical gold from a local jeweler, invest in gold ETFs (exchange traded funds), buy or sell gold on Gold Accumulation Plan, Future / Options platform.
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