For ensuring that you have a good financial stability in the future, you must consider investing today. This Women’s Day, take the opportunity to empower yourself by setting long-term goals and taking steps to achieve them.
Investment is a key component of financial planning. It helps you build wealth, achieve financial independence, and secure a better future. Whether it's buying a home, funding education, or travelling the world, investing helps you work towards your goals. We have brought a selection of good investment choices for you that provide financial stability and flexibility.
Public Provident Fund (PPF)
Public Provident Fund (PPF) is a popular investment scheme. Under this scheme, the beneficiaries can invest up to Rs 1.50 lakh annually for a period of 15 years. Currently, the government offers a 7.1 percent interest rate on this investment. Interestingly, you can open a PPF account for as little as Rs 100.
National Pension System (NPS)
National Pension System (NPS) is another good investment decision. This scheme is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Account holders can choose their own investment options and can also change the amount of contributing funds at any time in a financial year.
Mutual Funds
Mutual funds are a prominent investment option in today’s financial landscape. If you have good financial stability, you can consider investing in mutual funds. Women can invest in equity, debt, or hybrid mutual funds to diversify their investments and get good returns on their investments.
Life Insurance Corporation (LIC)
You can also consider investing in Life Insurance Corporation (LIC) policies to secure your future. LIC offers various schemes for women, providing them with opportunities to secure their future and financial well-being.
Fixed Deposits (FD)
If you wish to explore more low-risk avenues for investment options, Fixed Deposits (FDs) might be the best choice for you. Women can choose an FD scheme by comparing interest rates offered by different banks, that suits their financial goals and preferences. You can also consider opening an FD account in the name of your child.
Health Insurance
With rising medical costs, it has become necessary for everyone to invest in good health insurance policies. This Women’s Day, take the opportunity to free yourself from medical expenses by securing a comprehensive health insurance coverage.
Last Updated Mar 7, 2024, 4:17 PM IST