What Are The Best Long Term Investments?
The best long-term investments can help you put money away for retirement, a down payment, or college expenses. As your money grows over time, you don’t have to invest as much.
Starting investing as soon as you can is best – even today. First, make sure you’re paying off your high-interest debt, and make sure you’ve got an emergency fund (cash you can tap if you lose your job or face something unexpected).
Historically, the investments mentioned below have outpaced inflation. However, diversifying your investments among different investments products is still the most important risk mitigating technique.
List of Best Long Term Investment Plans in India 2022 for High Returns-
Here are the top investments in India that give high returns that Indians can use to save for their future needs or goals:
Fixed Deposit (FD):
This is one of the most traditional forms of savings where your money is parked for a certain period of time paying you a regular interest income that ranges between 5% and 8%
Note- Fixed deposits held for a tenure of five years or more provides tax exemption under 80(C).
Post Office Savings Schemes:
Postal offices in India also offer different savings schemes, which are popular because they’re safer and offer a decent interest rate in the range of 6% to 9%.
Note- Fixed deposits held for a tenure of five years or more provides tax exemption under 80(C) and interest on Post Office savings account under 10(15)(i)
Public Provident Fund (PPF):
PPF is like Employee Provident Fund (EPF) for salaried employees, but anyone can open one. The PPF investment is meant to be held for up to 15 years, and the current annual rate of return is 7.1%.
Note – Investment in PPF enjoys tax benefits under 80(C).
National Savings Certificates (NSC):
A few public sector banks in India and a post office offer this as a secure long-term investment option. One can start saving in NSCs as low as ₹100, making it a good option for people from unorganized sectors too. The investment tenure is five years, and you can start saving with just ₹100.
Note – Investment in PPF enjoys tax benefits under 80(C).
Conclusion-
If you’re looking for long-term investment opportunities in India, check out these options. Nevertheless, you should carefully review and examine each investment plan before choosing one to make the most of your decision.
