Invest to Create Wealth

Invest to Create Wealth

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Created By Admin Last Updated Wed, 02-Sep-2020

We can start our investment by investing amount as small as Rs.500/- p.m. I think the said amount is manageable to everyone. The following are the ways which are conservative (less risky) mode of investment: -

1. Public Provident Fund (PPF)

It is essentially a long term plan with 15 years of initial maturity with a lock-in period of 5 years.

2. National Pension System (NPS)

NPS is also essentially a long term investment product which offers a lot of flexibility and choices to investors.

3. Fixed Deposits

This is also a long term and most secured way of investment with a maturity period ranging from 1 year to 3-5 years.

4. Mutual Fund

This is not a conservative in a sense but those who do not want to trade directly into the market and want less risk but good returns compared to another conservative approach can go with this.

5. Medical Insurance

Actually this is not an investment but I considered it as an investment only. The reason is that it helps you to recover at the time of health hazards in your family and save a lot of your hard-earned money.

By investing in above we can able to accumulate sufficient wealth to meet our post-retirement monetary needs. Most of us spent a lot of money on gifts which are precious for a short period of time at the time of Birthdays or Wedding Anniversaries. Rather if we start giving gifts to our close and dear ones by way of starting investments in their name it will be a really great feeling and satisfaction and also fruit full in future.