Housewives can avail benefits by investing a small amount of their savings in the right option. This will stop wasteful expenditure and huge capital will also be generated.
There are many options in the market to start investing from anywhere and with any amount (Best Investment Options for Women). If you are a woman and especially a housewife or housewife, you can start investing even with a small amount and create big capital. There are some special and very popular schemes for women like Post Office Mahila Samman Saving Certificate, Mutual Fund through SIP, PPF, FD and Recurring Deposit in which you can start investing with a small amount every month.
Post Office Mahila Samman Saving Certificate
Mahila Samman Saving Certificate is a scheme of the post office, which provides an excellent investment opportunity. The account opened under this scheme (Post Office Mahila Samman Saving Certificate) starts from a minimum of Rs 1000. A maximum investment of up to Rs 2 lakh can be made in this. At present, 7.5 percent annual interest is being received on the money deposited in Post Office Mahila Samman Savings Certificate Account.
Investing in mutual funds through SIP
The option of investing in mutual funds through SIP is a very great option. Women can invest just Rs 500 through this. This can give you great returns. You can have huge capital ready at one time. You can choose more number of SIP options.
Investment in ppf
This (PPF) is also a better option to earn small amount every month. In this it is necessary to deposit minimum Rs 500. Also, a maximum of Rs 1.50 lakh can be invested in a year. If you want, you can also invest small amount in it every month. Yes, its lock in period is 15 years. This option is a great option to create long term funds. At present 7.1 percent annual interest is being given on investment in this scheme.
FD
If you have lump sum money deposited, then you can put it in Fixed Deposit (FD). You can open an account for this in bank or post office. Investment can be made in this for 7 days to 10 years. Interest rates are offered based on different tenures.
Recurring Deposit
You can start investing by depositing a small amount every month in Recurring Deposit i.e. RD in a bank or post office. You can invest just Rs 100 every month. Currently 6.5 percent interest is being offered in the post office.
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