Young couples are full of dreams. They dream of owning their home, and going on exotic vacations. However, the pressure to start investing for a secured future is immense. Saving alone may not be enough, especially when you have your entire life ahead of you. Instead, you may need to make smart investments that help you gain stable returns.
Here are some of the best investment options for newly married couples, who can grow their earnings and look for better returns.
Fixed Deposits (FD)
When you are starting a new phase of life, you may be unwilling to invest in something wherein the returns fluctuate as per the stock market. Considering that, FD is the most bankable option. With investment amount according to your financial convenience, flexible tenor and higher returns, fixed deposits are highly manageable even during the initial years of life.
Check for the FD interest rate with various banks and financial institutes, and choose the most suitable for you. You can also calculate the maturity amount with the help of FD calculator, in case you wish to invest more.
Mutual Funds (MF)
Mutual funds are all about low risk and higher investment. It is one investment option investors are banking upon. Mutual funds are investors’ delight because they provide economies of scale, high diversification and are managed by professional investors. It has a lower transaction cost, hence allowing you to invest more amount. They also provide liquidity, at any time, unless they have a specified lock-in period. Besides, it holds a variety of investment, which makes it easier for the investors to diversify through ownership of individual stocks or bonds.
Public Provident Fund (PPF)
With a comparatively higher rate of interest, PPF remains as one of the most popular long-term investment tool, backed by Government of India. Hence, if you are planning your retirement corpus right at a young age, PPF serves as the perfect investment tool. As a beginner, you can start with an amount as low as Rs.500 and go on to 1.5 lakh annually.
Moreover, PPF provides great tax benefits under section 80C. You may be surprised to know that the entire maturity amount including the interest is non-taxable. Hence, both interest earned and deposit amount, both are tax-free.
National Saving Certificate (NSC)
This too is a government-backed saving scheme and provides higher returns and financial stability in the future. You can invest in NSC at a nearby post office for five years and avail guaranteed returns with tax savings. The interest rate is decided by the government and is reviewed every quarter. However, it is not subject to change during the tenor of your NSC investment. One of the biggest advantages is that you can take a loan on the security of NSC from banks or other financial companies.
These are just some of the options that young couples have at their disposal for better investment portfolio. Hence, it is better to be safe than sorry; choose a smart investment option and live your dream!
Aisha Aggarwal is a passionate blogger. She has a very diversified skill of amazing artwork like card making. She loves keeping herself up to date with news and happenings around. She loves learning and sharing all that she learn through her work on greetings of the days.