Investing in sovereign gold bonds or gold exchange-traded funds (ETFs) or purchasing gold jewelry, bars, and coins might help you hedge against inflation because gold prices are inversely correlated with stock market returns.
Public Provident Fund, PPF, is another investment plan backed by the government. Under the hood, you can save any amount between Rs 500 and Rs 1.5 lakh annually and take advantage of full tax exemption under section 80C of the Income Tax Act, 1961.
Although they offer a significantly greater interest rate than a standard savings account, bank fixed deposits are nevertheless regarded as among the safest financial options.
One of the most common and secure investing alternatives accessible is a life insurance plan. When your life insurance policy expires, you receive a maturity sum.
Do you want to build a corpus, assure a consistent stream of income in retirement, or are you a risk-averse person worried about your retirement? One smart option may be the National Pension Scheme.
There are lots of investment avenues in India. Senior Citizen Savings Scheme is one of them. It is designed for people above 60 years old.
National Savings certificate, NSC, is a government-backed investment scheme in which one need to make a minimum investment of Rs 1,000. it can be bought at banks and Indian post offices.