There are many investment alternatives available today, but not everyone wants to take on significant risks in order to profit. There are various possibilities that provide consistent income for those who are more drawn to long-term investment strategies with lower risk.
Stocks, bonds, mutual funds, real estate, and retirement plans are a few of the most well-liked long-term investment possibilities. For long-term investments, fixed deposits and equity funds can also be taken into account.
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The Post Office Monthly Income Scheme (POMIS) is one such investment that can provide consistent income. The interest rate on this investment, which is a component of the Central Government’s Small Savings Scheme, is 7.4%. The minimum investment amount in POMIS is Rs. 1000, while the maximum individual or joint investment is Rs. 15 lakh.
Government Long Term Bonds or Gold Bonds, which give guaranteed returns and are superior to fixed deposits in banks, are another great alternative for long-term investing. Fixed Rate Bonds, Sovereign Gold Bonds (SGB), Inflation-Indexed Bonds, PSU Bonds, and Zero-Coupon Bonds are a few of the investment alternatives offered by these bonds.
Plan for Monthly Income Another sort of mutual fund investment that might offer recurring income in addition to gains and reinvestment is the mutual fund. Real estate investing is another choice that could provide profitable long-term results.
The government has also launched programmes like PPF, Retirement Fund EPF, and Senior Citizen Saving Scheme that can be taken into consideration for long-term investments in addition to these possibilities.
Although there are many investment options on the market, picking the best one might be difficult. The above-mentioned solutions can provide consistent income and strong returns for people who favour lower risk and a long-term investment plan. Before making any decisions, it is always advisable to get expert advice from a financial advisor.
source from: msn.com
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