Published on Feb 28, 2019
In Part 1 & Part 2 of the best ways to invest your money, we spoke about following a 4 step investment procedure/process, let us conclude the topic by giving you what exactly are the best options on your platter, you can decide which one to choose based on your preference:-
Mutual Funds- Best way in India because it helps to gain returns over time.
i) Equity Funds(High risk-High returns)
ii) Debt funds ( Steady income with low risks)
iii) ELSS(Equity Linked Saving Scheme which is tax saving funds)
To know which one to pick, know your own goals and risk profile.
We here at Finity are happy to guide you every step of the way on the easiest direct mutual fund platform in India.
Speaker Info:- Dipika is the Vice President along side head of business development at Finity. She has 11+ years of experience and 1000+ conversations in investments, personal wealth management, advising clients, communication & relationship management. She is creative, witty and quick to grasp new concepts. A powerhouse in her own right.
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Talking about the best investment options let’s talk about mutual funds.
Mutual funds are considered to be one of the best ways to invest your money especially in India they offer you a route to save your money as well as growth over a period of time, there are various types of mutual funds that you could consider while planning to invest your money.
- I’m going to start with talking about Equity Funds– equity funds are funds with high-risk and high-returns, you get to choose from a host of options such as large cap funds, mid cap funds, multi cap funds, balanced funds or thematic funds that suite your risk profile and your requirement, if I talk about thematic or sectoral funds these are typically the funds which have the highest risk amongst all equity funds along with small cap and mid-cap funds.
- Debt Mutual funds– debt funds are preferred by investors who are looking for a steady income with relatively a low risk and typically they fall in line with your bank-related investments and you could compare it apple to apple to those particular investment options, these funds invest their money in government securities, corporate bonds, money market instruments etc, and are considered to be a relatively a safer investment avenue as compared to equities or equity funds.
- Equity linked saving schemes otherwise commonly known as ELSS are a category of mutual funds which have a lock-in period of 3 years, where you could invest upto Rs.150000 where you get a tax benefit U/S 80C.