What are the best investment options to grow your wealth in India in 2019?

Aug 18 16:37 2019 Arwind Sharma Print This Article

There are lots of option where investors can invest in 2019 & can get higher return.

With the upcoming general elections,Guest Posting an escalating trade war between US and China, increasing strength of US dollar and consecutive rate changes by RBI, financial markets have still a lot to witness in the year 2019. However, according to experts this year will be a good one for because of the external benchmark system. Also, they are of the opinion that even a small amount invested this year will build a huge corpus, making it ideal for new investors. All you have to do to make a good beginning is to choose the best investment options on the basis of your age, income, risk profile and financial goals.

It may sound like a tall order, but it isn’t. To get started immediately here’s a look at the is the best investment options you can consider.

Fixed deposits

Fixed deposits are a popular option year after year, primarily because they offer assured returns where there is no influence of the market. To ensure success all you have to do is seek a good FD interest rate and a credible issuer. Ideally, to make your investment fruitful you should look into a cumulative FD that offers at least 8.5% interest. This will give you the benefits of compounding over time and help you build wealth consistently.

One option before you is the Bajaj Finance Fixed Deposit that offers 8.75% interest on a cumulative FD for at least 36 months, or up to 9.10% if you are a senior citizen. Apart from the high interest rate, they also carry the highest ratings issued by ICRA and CRISIL for FDs, making them 100% secure.

Public Provident Fund (PPF)

Another low-risk investment option for your portfolio is a Public Provident Fund (PPF). Backed by the government, this too offers assured returns of 8% up to 31 March 2019. Post this, the government will declare the rate for the next quarter. Once you have started a Provident Fund account, your money will be locked in for 15 years and you have the option to extend the time frame for another 5 years thereafter.

Mutual funds

When you are looking to invest in securities without taking on too much risk, it’s a good idea to invest in mutual funds. Here a fund manager allocates your money towards equity based on analysis and an understanding of how the market performs. In this way, mutual funds give you the benefit of high returns without you having to know where to park your money.

Besides, you can invest in mutual funds in the lump sum, or through a systematic investment plan where you contribute an amount each month. As a conservative estimate, you can earn anything between 12–15% or more when you invest in mutual funds regularly, for a long period of time.

National Pension Scheme (NPS)

Government-backed pension plans like National Pension Scheme provide you financial stability post-retirement by way of regular payouts. You can start investing a small amount in this scheme at an early age to build a huge corpus. Here your money is managed by 8 fund managers, and the returns you get are based on the market’s performance. That said, you can an Active Choice NPS under which you can decide how your money will be invested in various assets. You have a choice between Asset Class E, Asset Class G and Asset Class C. The first invests 50% in stocks, the second invests 100% of your money in government securities and the third invests in fixed income instruments excluding government ones.

Real estate

Post the implementation of RERA, it has become infinitely safer for you to invest in the real estate market. Besides, given the nature of the real estate industry, if you invest smartly, in the right city and locality, your ability to earn substantial returns is elevated. Moreover, with government schemes such as Pradhan Mantri Awas Yojana (PMAY), investing in real estate is much easier now.

Choose a mix of these best investment options to strengthen your portfolio this year and earn handsome returns that will secure your future and help you achieve your targets.

Also, Read This: CRISIL Rating – Importance of CRISIL Rating & How it Works?

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About Article Author

Arwind Sharma
Arwind Sharma

Arwind is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms.

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