Finding the best investment option is never an easy task. If you aim for high returns, you might have to compromise with the returns and vice versa. However, not all investment instruments are risky. In this article, we will discuss the best investment options like – Fixed deposits, Mutual Funds, Stocks, PPF, etc. This article will help you to choose the best investment options according to your interest. Some investment instruments, like fixed deposit (FD) provide high returns and optimal safety. Here are the top-4 high-return investment instruments in India in 2022:
Fixed Deposit ( Best Investment Options In India )
FD ( Fixed Deposit ) is one of the most popular investment options for Indians. You can open an FD account with a minimum investment amount of INR 10,000. The investment term usually ranges between one (1) year and ten (10) years. Housing finance companies generally provide the best-fixed deposit interest rates. For instance, PNB Housing FD rates go as high as 6.95%. Moreover, you may invest in cumulative or non-cumulative FDs. While non-cumulative FDs provide monthly, quarterly, or half-yearly interest, cumulative FDs give you the money on maturity.
Mutual Funds
Mutual funds generally provide gravity-defying returns since they invest primarily in stocks, high-interest bonds, and money market instruments. However, unlike FDs, mutual funds do not assure returns. You can invest in a mutual fund in two ways – SIP (Systematic Investment Plan) or lump sum. While SIP investments generally start from INR 500 per month, lump-sum investments start from 5,000.
Stocks
Stock market offers an excellent money-making opportunity for investors. However, you must be an expert to choose the best stocks. Stock market investors are typically of two types. While the first rely on fundamental analysis, the second trust technical analysis. Unlike FDs, returns from equity stocks are not assured.
PPF
Public Provident Fund or PPF is a savings scheme, the returns of which are guaranteed by the government. Although PPF offers marginally higher rates than PNB Housing FD rates, there is a lock-in period of fifteen (15) years.
Documents Required for FD
FDs offers the right mix of returns, liquidity, convenience, and ease of account opening. For investing in fixed deposits, you have to submit the required documents. Here are the documents required for Fixed Deposit –
Documents Required for Individual Fixed Deposit –
Following are the documents required for opening an individual fixed deposit with PNB Housing Finance Limited:
- One latest passport size photograph
- Self- attested copy of PAN card
- Self-attested copy of proof of address such as Aadhar card, Voter ID card etc.
Documents Required for Non-Individual Fixed deposit
Various types of organizations can open a non-individual fixed deposit with PNB Housing Finance Limited, such as:
- Trusts, Associations and Clubs
- Public/Private Ltd. Company, Co-operative Societies, Co-operative Banks
- Partnership Firm
Conclusion
While all investment options discussed in this article provide higher than average returns, probably nothing matches the convenience of an FD. FDs offer the right mix of returns, liquidity, convenience, and ease of account opening. So, what are your waiting for? Open an FD account now and fulfil your financial goals seamlessly.
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