Investment Tip Option: Who doesn’t want to become rich? Every investor wants to invest his money in those places which will give maximum return in less time. Along with this, tax exemption should also be availed while investing. For this we are going to tell you some tips. In such a situation, it is very difficult to find such an option as a safe investment in which maximum returns can be found in a short period of time. So let’s know how you can get better returns in less time.
Invest in Mutual Funds
Nowadays investing in Mutual Funds is a very good option. The country’s largest mutual fund company is SBI Mutual Fund. It runs more than 100 schemes in the country. Due to the income earned from mutual funds, nowadays many people are taking advantage by investing in it. Through this, people are also investing money in the stock market, gold and other commodities. You can invest in it for five, seven and ten years. If you want to invest for a longer period, then a separate mutual fund for that. On earning from this, you get exemption like Income Tax 80C (Income Tax 80C Rebate).
invest in gold
People have been investing in India since time immemorial. Nowadays, options in gold like Paper Gold, Gold ETF, Sovereign Gold Bond, Gold Mutual Fund and Digital Gold etc. have come in the market. You can choose any one option among all these options. It is very easy to invest and withdraw money. Along with better returns in future, you also get the benefit of income tax exemption.
Invest in Post Office Monthly Income Scheme
Post Office Monthly Income Scheme (POMIS) is a great investment option for the general public. It gives you guaranteed returns. Along with this, the interest earned on it is also high. On investing in it, you get an interest rate of 6.6 percent. You can invest up to Rs 4.5 lakh in a single account and Rs 9 lakh in a joint account.
Invest in National Pension System
National Pension System (NPS) retirement planning is a great option. By investing in this, you do not have to worry about any kind of future. On investing in this, you also get money in the form of lump sum fund or monthly pension. Along with this, income tax exemption is also available on investment.
Invest in Public Provident Fund
Investing in Public Provident Fund can be a great option. You can open its account in any bank or post office. It matures at the age of 15 years. In this account you can deposit from Rs 500 to 1.5 per annum. Along with this, you get interest on PPF account at the rate of 7.1 percent. You also get exemption in income tax by investing in it.
read this also-
Misuse of Aadhaar Card can make you pauper, may be fined so many crores
Shark Tank India: Start-up will easily get lakhs of rupees, Momo Mami gets 75 lakhs, know how?