High Return Schemes: If you also want better returns in less time by investing in different places, then this news is for you only. Today we will tell you about those investment options, from where you will get tax exemption along with better returns.
More than 100 mutual fund schemes are run by SBI Mutual Fund. It is the largest mutual fund company in the country. Through mutual funds, you can invest not only in the stock market, but also in debt, gold and commodities.
If you want to invest for five years, 10 years or more, then there are many mutual funds for that. You can choose debt funds or liquid funds for short tenure. Equity mutual funds will be good for long term.
Employees’ Provident Fund Organization (EPFO) is a better investment option. If you are an employee of a company, then you must have contributed a part of the salary to the EPFO. The amount you deposit, the same contribution is also given by the company. Interest is earned every year on the amount of EPFO.
Gold is also a very reliable option for investment. Paper gold, gold ETFs, sovereign gold bonds, gold mutual funds and digital gold are being chosen as a better option for investing in gold. It is easy to invest and sell gold through all these mediums.
Post Office Monthly Income Scheme (POMIS) is also a better investment option. In this plan with safe investment, you get fixed income every month. With guaranteed return on this, your money grows with fixed interest. In this you can invest from Rs 1500 to Rs 4.5 lakh. You can invest maximum of 9 lakhs in a joint account.
PPF is a long term investment scheme. For this, you can open a PPF account in the nearest bank or post office. It has maturity in 15 years. A minimum of Rs 500 and a maximum of Rs 1.5 lakh can be deposited in this account in every financial year.
