Mutual Funds
5 Golden Rules of Mutual Fund Investing for First-Timers
Equity mutual funds invest primarily in the stock markets with an aim to generate higher returns
Debt funds are aimed at generating regular income for investors by investing in bonds, corporate debentures,etc.
Hybrid funds are mutual funds which invest in both equity and debt funds to acheive the mix of funds to achieve better balance, it is also known as balanced fund.
Some investments that fall under 80C include:
1. Public Provident Fund (PPF)
2. Equity-Linked Savings Scheme (ELSS)
3. Senior Citizens Savings Scheme (SCSS)
4. National Savings Certificate (NSC)
5. Life Insurance Premiums
Some investment plans with the highest returns are:
1. Public Provident Fund (PPF)
2. Direct Equity
3. Real Estate
4. Gold
5. Mutual Funds
6. Company Fixed Deposits (FDs)
7. Post Office Saving Scheme
Investing involves investing money in an asset or fund with the objective of growing it. It is crucial for people of any age, allowing you to generate income, stay ahead of inflation, help save on taxes, and more.
FDs are considered to be some of the safest investments. This is because they come with stable interest rates, allowing people to predict their returns accurately. It also minimises risks and provides security during economic downturns.