Selecting The Best Wealth Creation Plan In India

By Alex D White


In the present society, you have to look for methods of generating more money. If you want to make wealth in India, you will find several investment options that you could consider. Therefore, it is your decision to find the best wealth creation plan in India based on your requirements.

One of the safest, and probably the ideal option, is fixed deposits in banks. This is mostly because of the fact that your money is locked in safely, and provides a reasonable and assumable return. The financial organization you go to will determine your returns, but a non senior citizen normally earns a return of about 10 percent interest rate, while a senior citizen who is 60 years and over gets a littler higher rate.

You can also use Public Provident Funds to invest. Many people prefer this because of the high return rates, especially for people who feature under the 30 percent tax brackets, which can escalate to a tantalizing 9 percent. The period of investment for PPF is however long, and can go to as high as 15 years. Generally though, this is a good investment choice, given that it has almost no risk, and comes with a good return.

You might also choose the National Saving Certificate which has a duration of six years, and includes ease in government subsidies. One of the best things about this investment option is that you can start with as little as Rs. 100 and get an 8 percent rate of interest that is calculated two times annually. Additionally, you have the advantage of tax break to Rs. 1 - lakh from the returns.

Mutual funds can also prove to be quite fruitful, as they can generate a very high return for limited investments. This is the best alternative investment option when you are looking to invest in the stock markets and are not willing to take unnecessary risks. It is also a good way to vary your risks and get a generous return.

You can also invest in the stock market to generate higher profits quicker. While this is a very risky investment, it can be pretty profitable and is the most lucrative investment choice in India. You should be careful though because there are huge risks involved, and you are not quite assured of your returns. You need to know the market well and be conversant with the factors that affect it.

Trading in gold and silver in India is another smart investment choice. The marketplace forecasts that you will see potential rupee appreciation from gold investment returns. This means that the likelihood of obtaining a good return may not be so good, but when you are feeling adventurous, the overall investment limit ought to be about 5-10 %.

Private equity can also provide a suitable return, as it does not rely on the scenario of the traditional stock market. It involves private company equity securities that are offered by privately owned firms, venture capital organizations or angel investors. This is quickly growing in India, and as such, makes it a good option to invest.




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