Do you want to get a high or good return on your investment? Here in this article, we will discuss the top 7 ways to invest your money for getting high returns.
There are many investment ways where you can get high returns. The practices we’re discussing here are safe with low risk.
You also get an option to choose where you want to invest, how long you want to invest, and how much you want to invest your money.
All the methods we listed below would help you achieve your financial goals and build enough wealth for your future if you invest wisely.
Let’s directly dive into the list below:
1. Bank fixed deposit
Fixed deposit at Bank is considered one of the safest investments with a good return on investment. This is the easiest and common investment strategy most people adopt to grow their money.
You may have to check the bank’s terms and interest rates for their fixed deposit before investing with them, as interest rates for all the banks are different. However, this is the most recommended option to invest some amount of money.
2. Mutual Funds
Mutual funds are currently one of the popular ways to grow your money fast. You can get a very high return on your investment. The returns may go up to 20% in some of the popular mutual funds. Investing in mutual funds is now one of the easiest things to do. You can invest in a mutual fund using your phone, as many mutual fund apps are on the market.
You can also invest your money with the SIP or Lumpsum option. However, if you want to achieve financial freedom, mutual funds are a preferred option to look for.
Some of the popular categories of mutual funds are Equity funds, Debt funds, Money market funds, and Hybrid funds.
3. Public Provident Fund
The Public Provident Fund is an ancient yet most reliable investment strategy to grow your money. Since PPF has a long tenure, compounding tax-free interest is enormous, especially in the later stage. Also, the interest earned and the principal invested are backed by a sovereign guarantee, making it one of the safe investments.
Public provident fund investment is ideal for individuals who want a low-risk investment. Since the Indian government mandates this plan, it is backed up with guaranteed returns to protect the financial needs of the people in India.
4. Real Estate
Real estate investment generates assured returns in two ways – capital appreciation and rentals. The rental income grows with time. Generally, this growth keeps pace with inflation. On the other hand, capital appreciation will happen due to demand that also goes up with time.
India is a developing country and has a young population, so demand for property keeps rising. Investing in real estate still gives high returns, and it is considered the safest investment option in India.
The only disadvantage of this investment is that you need a decent amount of money to invest in real estate projects.
5. Stock Market
Investing money in the stock market has always been a great option to get high returns long-term. Of course, risk in the stock market is comparatively higher than the other four methods. But if you have a good understanding of markets and companies where you invest money, you can make a lot of money in the stock market.
Millions of people are there who make a living out of the stock market. However, Investing in the stock market is only recommended for those who can risk losing money.
These were the 5 top methods to invest your money for high returns. But, of course, it is always advisable not to put all the eggs in one basket; you should always prefer diversifying your investment in multiple investment schemes.
If you are already a part of any of the above investment methods, let us know your thoughts by connecting below.