From The Desk of CA Dilip Jhajaria
Top 5 investment options for Indian women
In today's world, it is very important for women to be able to achieve a sense of financial equality and independence and secure as well.
There are several investment options and plans that offer long-term benefits to women investors. Some investment options such as mutual funds or stocks help in creating and increasing liquid cash reserves. Whereas FDs in a bank, Employee Provident Fund (EPF), and Public Provident Fund (PPF) save your money for the long-term and draw interest over the years.
CA DILIP JHAJHARIA
Listed down are the top 5 investment ideas for Indian women:
Public Provident Fund
Available in post offices and banks, the Public Provident Scheme is one of the most popular investment plans in India. This scheme has a tenure of 15 years and attracts an annual interest of 8% approx and is changeable. The annual investment amount of the scheme ranges from Rs 500 to Rs 1.5 lakh. In addition to this, one can withdraw 50% of the amount after completing 5 years in investing in the PPF scheme. Furthermore, you get to enjoy tax benefits on the scheme.
Kisan Vikas Patra
Another systematic investment plan in India that is available in a certificate form at the post offices is the Kisan Vikas Patra. It offers an annual interest of 7.6% and is valid for a period of 9 years and 5 months. It is considered as one of the best short-term investment plans as the maturity value doubles the principal amount. A minimum of Rs 1,000 can be made as the contribution and in multiples of Rs 1,000. Also, this scheme has no maximum limit of contribution.
National Savings Certificate
The National Savings Certificate (NSC) is one of the safest investment schemes, available in post-offices, that offers high returns. With a profitable interest rate of 8%, one can invest any amount of money but is not allowed to make withdrawals before the maturity period.
Post-Office Time Deposit Scheme
Post-Office Time Deposit Scheme is amongst the most beneficial saving schemes in India as the returns are guaranteed on investment. The investment period ranges from 1 to 5 years, and the rate of interest depends upon the tenure of the scheme and is calculated quarterly but payable annually.
This scheme is considered to be eligible for child investment plans, where a single mother can invest a certain amount for her child's education and healthcare. Just like National Savings Certificate and Kisan Vikas Patra, it's a one-time investment scheme that earns interest on the basis of the tenure of the scheme. Moreover, one is not allowed to withdraw the investment amount, except under special circumstances.
Mutual funds are also a good investment option where the investment amount is managed by fund experts.
To earn substantial wealth over a period of time, you can invest in a SIP( Systamatic Investment Plan ) montly / fortnightly investment which minimises loss and maximise returns on investment.
Investors can choose from a vast range of mutual funds offered by banks and various
financial institutions like, SBI, KOTAK , HDFC, UTI, LIC etc. Investors can make a choice from the products that suit their requirements and invest a lump-sum amount or choose a SIP wherein a specific amount is invested every month.
Investing in real estate is an expensive yet profitable option. Home loans can be easily
availed from both, public sector banks and private sector banks. For women, it has
become easier to invest in the real estate owing to the home loans. One can easily pay the loan amount over a period of 10 to 30 years with interest. Real estate is considered as one of the best investment plans with high returns and also rent Income.
Other than above Gold is a favourateinvestment of Women , so can be considered.Gold Buying gold is regarded as a good investment option for Indian women. Various banks and MMTC authorised dealers sell certified gold coins in different denominations like 5 grams,10grams, and 20 grams. You can invest as little as a 5-gram gold coin every year. Later, when the price of gold increases, these coins can be exchanged either for cash or for jewellery as per the requirement. THIS IS BEST FOR WOMEN.