An investment Plan, in general terms, is the creation or buying of assets to grow your money over a period of time. Investments, along with the potential of solving future financial problems, helps in creating exponential financial backing if done at the right time in the right asset. and secure your life.
What is Investment Plan?
Investment plans are financial products that provide an opportunity to create wealth for the future and meet the financial goals by investing periodically in different investment plans, funds, and schemes. Investment plans also help to inculcate the habit of disciplined investment among investors so that they can accumulate wealth in the long-term and achieve their future financial objectives. and secure your better future
Some of these best investment plans in India enables us to invest our hard-earned money in various money market products in a systematic way to achieve financial objectives. Investment plans offer the mich needed benefit of maximizing the savings through long-term disciplined investment and wealth creation for the future. The primary step towards having an investment plan is to access the financial needs and risk profile and then choose an appropriate plan. Some of the top investment options in India include.
Top investment option in india
- Unit Linked Investment Plans (ULIPs)
- Public Provident Fund
- Monthly Income Plan
- Mutual Funds
- Senior Citizen Savings Scheme
- Sukanya Samriddhi Yojana
- Tax Savings Fixed Deposits
Best Investment Plans in India to Invest in 2022
You can invest for your future financial goals.
|Investment Plans||Plan Type||Entry Age||Maximum Maturity Age||Policy Term||Fund Options|
|Aegon iInvest||ULIP||7 – 55 years||70 years||10/ 15/ 20/ 25 years||5|
|Aviva iGrowth||Unit-Linked life Insurance plan||18- 50 years||60 years||10, 15, or 20 years||3|
|Bajaj Future Gain||ULIP||1 – 60 years||70 years||10 – 25 years||7|
|Bharti AXA eFuture Invest||ULIP||18 – 60 years||70 years||10 years||6|
|Bajaj Allianz Fortune Gain||ULIP||1 – 63 years||70 years||7 – 30 years||7|
|Bajaj Allianz Retire Rich||Unit-Linked pension plan||30 – 73 years||80 years||7 – 30 years||3|
|Canara HSBC Smart Monthly Income Plan||ULIP Plan||18-50 years||N/A||5 – 30 years||7|
|Edelweiss Tokio Guaranteed Income Plan||ULIP Plan||0-60 years years||70 years||5-25 years||7|
|Exide Life Weath Maxima||ULIP plan||0-65 years||75 years||10, 15-20 years||6|
|Future Generali Easy Invest Online Plan||ULIP||0-60 years||18-70 year||10-20 years||5|
|HDFC Life Click2invest||ULIP||30 days – 65 years||75 years||5 – 20 years||8|
|HDFC SL YoungStar Super Premium||Unit-Linked child plan||18 – 55/65 years||65/75 years||10 – 20 years||4|
|ICICI Pru Smart Life||ULIP||20-54 years||20-64 years||10 – 25 years||8|
|IDBI Federal Smart Growth Plan||ULIP||30 days-55 years||70 years||10, 15,20-25 years||6|
|India First Smart Save Plan||ULIP||5-65 years||75 years||10-70 years||4|
|Kotak Invest Maxima||ULIP||0-65 years||75 years||10,15,20,25-30 years||5|
|PNB Metlife Money Back Plan||Money Back Plan||13-55 years||65 years||10 years||N/A|
|SBI Life- Smart Scholar||Unit-linked child plan||18-57 years (for proposer) 0- 17 years (for child)||65 years||8-25 years minus child’s age at entry||7|
|SBI eWealth||ULIP||18 – 50 years||60 years||10 – 30 years (both inclusive)||4|
|TATA AIA Wealth Maxima||ULIP||30days-60 years||100 years||100 minus(-) age at entry||11|
Types of Investment Plan:
Before making any investment make sure that you do proper research and choose the investment plan, which offers long-term sustainable returns, capital appreciation, and tax-saving benefits. It is paramount to consider the risk associated with the investment before choosing the best investment plan with high return. In an investment plan, the risk can be evaluated as the probability or possibility of the asset either going into a loss or performing below expectations. Based on the risk factor, here we have categorized different investment plans.
Investors with a low-risk appetite who wants less or no volatility in the investment portfolio choose to invest in low-risk investment options. These investment plans tend to provide a reliable and stable growth of capital with minimum losses or minimum risk involved. Even though these investments usually offer guaranteed returns, the investors may need to lock-in their investment for the long-term to earn a substantial return. Let’s take a look at some of the best low-risk investment options.
Public Provident Fund: The Public Provident Fund is another investment avenue, which is preferred and opulent choice for most of the investors. The highlight of a PPF is that it has a tenure of 15 years, and the effect of the tax-free interest quiet big specifically in the coming years. Now, as the sovereign guarantee backs the principal investment and eared interest therefore investing in a PPF is safe. Moreover, the interest rate on the PPF is generally reviewed at every quarter by the government.
New Senior Citizen Savings Scheme: A Senior Citizen Savings Scheme is surely the preferred choice of almost every retiree and an investment plan, which is on every retiree’s investment portfolio. It is a scheme specifically designed for the senior citizens and can easily be availed from any of the banks or the post offices for anyone who is 60 years of age and above. The scheme is available for 5 years, which can also be extended for up to 3 years only when the same gets matured.
Read Also: PPF Investment: Big news! Deposit Rs 250 every month, Get a profit of Rs 61 lakh, Know complete scheme here
Besides, one can easily open more than one account and Rs 15 lakh is the limit for upper investment. When it comes to the interest rate it is completely taxable and paid on a quarterly base on the premise of the revisions and subject to review. However, if once the investment has been done in the scheme the rate of interest will be the same until the scheme matures. The senior citizen can also claim Rs 50,000 as claim deduction in one financial year within section 80TTB with the earned interest from the scheme. and secure your money
National Pension Scheme: Next, the investment option is the National Pension Scheme, which truly focuses upon the long-term retirement and is duly managed through the Pension Fund Regulatory and Development Authority. Earlier the minimal yearly contribution towards an NPS for a tier-1 account was Rs 6,000, which has been changed and currently is Rs 1,000 for the account to remain active. It is an amalgamation of liquid funds, corporate bonds, government funds, fixed deposits, and others. On the premise of the risk appetite, the investor can likely decide the amount of money that should be invested in the NIP via NPS.
Pradhan Mantri Vaya Vandan Yojana: The Pradhan Mantri Vaya Vandan Yojana has been specifically designed for the senior citizens who are 60 years of age and above as that they can be provided with an assured return every year of 7.4%. This scheme provides the income of pension, which is payable easily on an annual, half-annually, quarterly, and monthly as opted. The maximum amount of the pension is Rs 9,250 and the minimum amount is Rs 1,000 each month.
The amount that can be invested in the scheme can go up to a maximum of Rs 15 lakh and the period of the scheme are 10 years. The invested sum is payable to the senior citizen at the time of maturity, however, in case, the senior citizen passes away, the sum will be paid to the beneficiary/ nominee. This scheme is accessible until 2023, March 31.
Bank Fixed Deposits: Investing in a bank fixed deposit is always a secured and the most preferred choice for the investors in India. From February 04, 2020, the depositor of a bank will be insured up to a sum of Rs 5 lakh maximum for the principal and the amount of interest within the rules of DIGC. Before, the coverage was Rs 1 lakh for the principal and the amount of interest. As per the requirement, one could opt for the tenure that could vary from month to month, quarterly, annually or cumulative interest alternative in them. Now, the earned interest rate will be added to the income, which is taxable as per the tax slab.
Gold: Having gold as adornments have its interests, for example, wellbeing and significant expense. Moreover, making charges is applicable, which is regularly extended between 6-14 % of the price of gold, which can easily move as high as 25% if there should arise an occurrence of extraordinary structures. For the individuals who might need to purchase gold coins, there’s as yet a choice. Numerous banks sell gold coins these days. A substitute method of claiming gold is employing paper gold. Interest in paper gold is more practical and should be possible through gold ETFs. Such a venture (purchasing and selling) occurs on the stock trade that is BSE or NSE with gold as the basic resource. Putting resources into Sovereign Gold Bonds is the other alternative to claim paper-gold. A speculator can likewise contribute through mutual funds of gold.
Sukanya Samriddhi Yojana: This plan is specifically developed to secure the financial future of the girl child. Since its launch, the plan has gained huge popularity as one of the best investment plans in India for the girl child. As a government-backed investment option, this scheme offers safe and guaranteed returns to the investors. The SSY has a tenure of 21years or until the marriage of the girl child after 18 years of age. The current interest rate offered by the scheme is 7.6% compounded annually. From the perspective of tax benefit, SSY is designed as an exempt, exempt, exempt (EEE) investment. This means that the contribution made towards the scheme, the interest earned on the contributed amount, and maturity proceeds are all tax exempted under the applicable sections of the Income Tax Act.
RBI Taxable Bonds: Some time back the Reserve Bank of India used to raise 7.75 % savings bonds that were taxable as an investment avenue. However, from May 29, 2020, the Central bank stopped the issuance of such bonds. These securities were propelled by supplanting the recent 8 % Savings (Taxable) Bonds 2003 with the 7.75 % Savings (Taxable) Bonds with impact from January 10, 2018. These bonds had a period of 7 years. The Central Bank with impact from July 1, 2020, has propelled Floating Rate Savings Bond, 2020 (Taxable).