Which is the best monthly investment plan in India for middle class?
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Which is the best monthly investment plan in India for middle class?
Public Provident Fund (PPF) is a popular investment option offered by the government. One can invest up to Rs 1,50,000 a year while a minimum of Rs 500 a year is needed to be invested. It is covered under Section 80C of the Income Tax Act, 1961.
Which plan is best for investment?
Best Investment Plan for 3 Year
| 3 Years Investment Plans | Ideal for |
|---|---|
| Fixed Maturity Plan | Same as FDs with 3 years lock-in period |
| Savings Account | Suitable for investors, looking for liquidity (4\%-7\% returns) |
| Arbitrage Funds | Suitable for investors, looking for more than 1-year investment. Offers 8\% interest |
| Liquid Fund |
How to choose the best savings-investment plans in India?
The investors can compare these plans online and get the best savings-investment plans, which they need to use as your personalized money-saving plan. You can use an investment calculator to calculate your priorities such as making a tax saving investment along with putting your money in one of the better saving plan in India.
What are the best investment options for a salaried person in India?
Best Investment Options for a Salaried Person in India 2021 1 Public Provident Fund (PPF) 2 National Pension System (NPS) 3 Equity Linked Savings Scheme (ELSS) 4 Tax Savings Fixed Deposit 5 Unit Linked Insurance Plans (ULIPs)
Which is the best government scheme for saving money in India?
Best Government Saving Schemes in India 1 National Savings Certificate (NSC) 2 National Savings Scheme (NSS) 3 Public Provident Fund (PPF) 4 Post Office Savings Scheme 5 Senior Citizen Savings Scheme (SCSS) 6 Sukanya Samriddhi Yojana (SSY) 7 Atal Pension Yojana 8 Employee Provident Fund (EPF) 9 National Pension System (NPS) 10 Kisan Vikas Patra
Who can invest in the Superannuation Scheme?
Individuals between 55 to 60 years of age, who have chosen the Voluntary Retirement Scheme or Superannuation, can also invest. However, the investment should be made within a month after receiving the benefits of retirement. Retired Defence Personnel aged 50 or above, are also allowed to invest.