Best Investment Plans in 2022: Mutual Funds or PPF or Insurance plans, which is better for investment purposes and to save tax? Here in this article, I will share with you the best investment schemes and types where you can lend your money and make money while sleeping.
An investment plan is a financial freedom that helps create lasting future wealth. Various investment plans in India allow us to discipline and invest in various money market products to achieve our financial goals.
Overall, the investment plan offers significant benefits by maximizing our savings and building wealth for the future through a systematic long-term investment. In other words, investing your money in a good scheme is guaranteed income for your future.
Best Investment Plans That Offer Guaranteed Income in 2022:
The first step toward creating an investment plan in India is to assess your risk profile and financial needs and then choose a guaranteed income investment plan that suits your needs. For this investment plan and many others, you need to do complete research and then choose the long-lasting benefits, tax savings, and benefits of investment plans that offer capital appreciation. Several investment plans in India may be useful to you.
1. Mutual Funds – Guaranteed Income Plan
Mutual funds are formed when money is pooled from various investors and invested in company shares or bonds. In general, mutual funds are split by thousands of investors and collectively managed to yield high returns. Someone who runs a mutual fund is a professional fund manager.
Mutual funds offer a variety of investments with fewer investment funds, to name any or several asset classes. For example, you can invest in stocks and bonds in pure equity, debt, or hybrid funds.
Mutual funds can offer a variety of risk category funds, depending on the type of stocks or bonds it invests in. Index funds are considered the safest fund category among equity funds, while gold funds are the safest bets in the debt category.
2. Sukanya Samriddhi Yojana:
Samridhi account is gaining popularity as one of the best investment schemes in India for girls. If you have a girl child, the scheme aims to facilitate the creation of wealth for the girls. You can open the same Samriddhi Yojana account in commercial banks and post offices. In addition, you can access significant tax savings based on section 80C of the Income Tax Act of 1961.
3. Public Provident Fund (PPF):
Public Provident Fund (PPF) is one of India’s best investment options, given its various benefits. If you are a paid individual, PPF can provide many benefits. Although the interest on PPF is not subject to tax, you can also take advantage of tax reduction based on section 80C of Income Tax of 1961.
4. Post Office Monthly Income Schemes:
Generally considered to be one of the best schemes for investment, Post Office Monthly Income is best suited for risk-averse individuals looking for low-risk investment schemes with good returns. Here, you must understand that the income from the Monthly Post Office Revenue Scheme is fully subject to tax, the Tax Deduction (TDS) does not occur at the source of the monthly income scheme.
5. Life Insurance: Monthly investment income plan
Savings and income plans and protection plans are two categories of life insurance that are included in the low-risk category. Such life insurance plans do not have a recognizable investment component, i.e., this insurance plan does not offer a market-related market. On the contrary, this life insurance plan acts as efficient protection of the strong financial safety net and uncertainty of life for your family.
6. Direct equities: best investment income plan
Equity provides opportunities for investors to achieve their financial goals. While each asset is required peculiarly, it has a proven equity track record over the long term compared to other assets. Thus, in equity investment, you can buy an ownership share in the company, which gives the right to business profits and losses to the investors.
7. Unit Linked Insurance Plans:
ULIPS or unit-linked insurance plans are considered one of India’s best investment options as they offer life insurance benefits and investment returns. Not only this, but they also provide you the option to move your money between high risk, medium, and low risk.
This is because it allows you to invest your money in different funds. While a portion of the premiums is allocated to various fund options (depending on your investment objectives and risk profile), the remaining portion is used to provide a very important insurance protection plan.
Overall, ULIPs are a life insurance plan that provides additional facilities to invest your money in various money market assets depending on your goals. Thus, ULIPs are another way to invest in a professionally-managed equity portfolio or bonds. The advantage of investing in bond funds through ULIPS is that as per the current tax law, you can enjoy tax reduction based on section 80C, provided the provisions are met.
ULIPs provide a clear classification of risk categories, where you can choose high-risk funds for long-term objectives. You can gradually switch to low-risk investments as your investment is almost payable.
Points While Choosing Money Investment Plans:
Before choosing an investment plan, the first thing to consider is whether your monetary goal is long or short. These goals can be anything from marriage and education to international trips and a new smartphone, and making such financial goals will help you make the right decision. For example, if you want to save on a trip that will arrive at your favorite overseas destination, a repeat deposit or post office deposit may be your best investment plan.
Planned Upcoming Expenses:
If you are looking for an investment plan in the US, an important step is to plan for your planned future expenses, such as your child’s wedding and education or buying a house. Doing this will give you a better idea of how much you need to invest later to get adequate returns that can cover future costs.
While buying an investment plan in the US, most people do not consider their financial dependents. However, it is important to do so as you must have a collection of investments or savings which is also sufficient for your monetary purposes. For example, if you only have two children dependent on you, you may not need to invest as an individual to care for the parents, siblings, and their children. To do.
Some Benefits of Investment Plans:
Having a separate investment plan in your portfolio will help you get a significant return on your investment. When due, you will receive a gift with benefits in your pocket. This way, you can avail yourself of long financial security for yourself and your family. Investment plans can help you make money without worrying about the uncertainty of life.
Investment schemes like ULIPs, Online Savings Schemes, and Equity Savings Schemes (ELSS) provide opportunities to accumulate money through market-related returns. In addition, this investment plan also offers significant tax saving allowances based on section 80C of the 1961 tax law. Under these two clauses, both premium payment and insurance are tax and after-tax.