Best investment plan for Women that offer financial security
Financial security is a must for every investor. Women can invest their money in long-term investment options for building sufficient capital for their future. They must use their options wisely and conduct a proper study and research before investing in market-linked instruments. However, they need not employ such strategies while investing in instruments that offer stability and assured returns.
Here are some instruments that are the best investment options for women who expect high security for their invested capital:
Seen as a long-term investment tool, PPF generates enough returns over the long term. You can invest anywhere from Rs. 500 to Rs. 1,50,000 in this investment scheme every year. As PPF is a government-sponsored scheme, it is completely reliable. However, its long tenor and strict withdrawal options may hinder your interim liquidity needs.
NPS diverts your funds in corporate bonds, FDs, government securities, and liquid funds. However, the choice of the percentage of fund allocation in these securities depends on you. Also, being a government-run scheme, it is trusted and generates a monthly pension after retirement. It also offers tax benefits as per section 80C of the Income Tax Act.
Women consider gold as a highly lucrative investment for the future. You can collect gold coins from different banks and authorized gold dealers. Coins of 5 grams, 10 grams, 20 grams, etc. are available. As the rates of gold tend to appreciate with every passing year, it can be considered as a good long-term investment option.
Post Office Monthly Investment Scheme is also known as post office FD scheme. Its tenor is of 5 years and the minimum investment amount is Rs. 1,500. You can invest up to Rs. 4,50,000 in one account and up to Rs. 9,00,000 in a joint account. It is a highly advantageous scheme for homemakers and retired women as it allows them to withdraw the interest every month.
5. Fixed Deposits
Fixed deposits are considered safe and their appreciation is not dependent on market factors. However, for earning sufficient returns, invest in corporate FDs such as Bajaj Finance FD. Bajaj Finance FD is the best FD for women as it offers an FD interest rate of up to 6.75%. Apart from a high FD rate, it assists you in taking care of the regular expenses by offering multiple interest payout options. The main benefits of investing in this fixed deposit scheme are highlighted below:
Offers Financial Security
Bajaj Finance FD offers financial security as its returns are fixed. Also, the high ratings of FAAA/stable and MAAA/stable that it has received from CRISIL and ICRA make it a highly reliable scheme for women investors.
Online investment method
The method of investment is also quite effortless. Just open an FD account through an online FD form and verify your identity and address by sharing your CKYC number. Also, a 0.10% higher FD rate will be provided to you for preferring the online investment method.
Unlike investments like NPS, EPF, and PPF, Bajaj Finance FD offers easy liquidity to investors. You can withdraw your investment once after the completion of 3 months from the investment date. The option of managing your fund needs by availing of a collateral-free loan allows you to handle any unexpected crisis.
Women investors who want to invest in secure financial instruments can invest in NPS, PPF, EPF, or gold. However, to earn high returns while ensuring sufficient liquidity and a flexible investment tenor, you should invest in Bajaj Finance FD. It is offering a high-interest rate of 6.75% and the option of periodic payouts that assist you while managing your regular expenses. An unexpected crisis can be easily managed as it is a highly liquid investment option. You can also avail of a loan to take care of your emergency fund requirement. Bajaj Finance FD is a secure investment option as credit rating agencies consider it as a stable and secure investment avenue.