For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

6 Best Investments Which Can Be Done With Rs 10,000

|

Many individuals regularly contribute towards their savings account to meet their financial needs. With high inflation rate, only savings will not help unless you make an investment in the right product and diversifying the same. But one should make sure they invest in the right product after understanding the risk and return.

 

Young salaried individuals who have just started earning fail to plan their finance and spend the entire amount without a budget only to repent later.

If you have saved sufficient amount say Rs 10,000, here are few investment ideas which one can allocate some funds to balance the investment. As it is said never put all the money in a single product, so go through slides to know various financial instruments which you can consider.

Buy Equity Mutual funds

Buy Equity Mutual funds

Equity mutual funds can be one of the best options to start investing as investment is made by professionals. But such investments should be considered as long-term investments to reap high returns.

Investing in equity mutual funds can be less risky when compared to investing directly in stocks.

Direct stocks

Direct stocks

Investors who have strong knowledge in the stock market can invest directly into stocks depending on the company. Other individuals who are risk averse can buy few blue chip funds. One who can bear risk can consider volatile, penny stocks depending on the amount and risk capacity.

SIPs
 

SIPs

Systematic Investment Plans (SIPS) can work best for young investors as they will be contributing without much efforts. There are several SIPs where investors can invest a small sum of Rs 500-Rs 1000 every month and build a solid mutual fund portfolio.

Term Insurance

Term Insurance

Term insurance is a must for any earning persons. Term insurance of Rs 1 crore with an annual premium of Rs 10,000 will be worth if you have dependents.

Bank Fixed Deposits

Bank Fixed Deposits


If you are falling in the low tax bracket, consider investing in bank fixed deposits with high-interest rates. This investment is fixed and safe. It can balance if you have made some risky bets.

PPF

PPF

Public Provident Fund, is one of the best and safe instruments. Individuals who are falling in 20-30 tax bracket should also consider investing in this product. The investment made in PPF is locked for 15 years and should be contributed on a yearly basis.

Read more about: investments savings
Story first published: Saturday, July 30, 2016, 10:14 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X