4 easiest investment options giving good results

People around every corner of the world have been looking to side a portion of their income after meeting all the expenses. But, merely saving money is not the end. One has to be specific in looking for a better investment option which can produce better returns on these savings. These little investments also generate in you, a habit to save money typically on the monthly or quarterly basis. While there are enormous fields where you can invest your money for short and long-term periods, look at some of the very interesting investments where you can easily make better money returns.

1. Bank deposits:

You can have a recurring bank deposit account where you will be required to corner a sum of money regularly on monthly basis, yearly, or quarterly as per your comfort. With every instalment that you pay, you attract a sum of interest to the money. At the maturity of your recurring account, you get back the initial investments made with a sum of interest which is generally lucrative. And when you own a handful amount of money, which you don’t have to take in use for a definite time period, you can invest the same in fixed deposit with the bank account. This is generally done for 3 years, 5 years, 10 years, and so on. At the end of the term, you receive a good proportion of interest with the money deposited for a fixed basis.

2. SIP:

A Systematic Investment Plan (SIP) is one of the easiest and most popular investments among the investors of all forms. A form of systematically investing in Mutual funds, this is setting aside a pre-determined sum of money at the end of every month or quarter to purchase the specific unit of a Mutual Fund. This involves the lowest possible risk from your level and you can attract a good sum of money back. This sort of investment is one of the most effective ways to meet your financial goals, like your children’s education, their marriage, or making plans for your retirement. This is also an essential form of investment, because this induces in a habit to save and make your living better.

3. Real Estate investment:

Real estate is one of the booming markets these days, as this is one of the handy and lucrative investment options. You have to invest a lump-sum amount of money in the real estate and with time, the property fetches you a better price when you look to sell. You can easily allocate your money in the manufacturing, commercial, hospitality, or housing sector. You just have to make sure you look for a better location where the prices of property tend to go up.

4. Mutual Funds on Ultra Short term basis:

You can invest money in a fixed deposit short term mutual fund which is generally 1 to 3 years. This is responsible for setting aside for you, an interest rate which is approximately 7 to 8.5% per annum. This is an alluring option which has sliding interest rate options.

Though the past portfolio is in no way responsible for the future benefits, you can still make a better investment, after reviewing the past record for whichever investment option you choose.

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Fixed deposits have been most Indians’ go-to option for safe investment. Though the word ‘safe’ cannot be said in the same sentence as the word ‘investment’ in case of market-linked options, in terms of the fixed deposit it can be safely said that it is a reliable investment that never fails.

Since the interest rate on the fixed deposit account remains constant throughout the tenure of the deposit, it provides guaranteed growth that may be computed at the time of opening the account. What makes this investment a safe one is the fact that the interest rate is not affected by market fluctuations.

At the moment, some of the leading banks in the country offer about 6% interest rates on fixed deposits, while premier banking institutions like IDFC Bank offer higher rate of interest. IDFC Bank offers FD account rates at 7.5% for 366 days or 7.25% to 7.2% for tenures up to 10 years.

Opening a fixed deposit with IDFC Bank

Recently, the demonetisation initiative announced in November 2016 shook up the banking and lending systems of the country. After the initial chaos subsided, banks announced a drop in lending rates for home loans as also the interest on fixed deposit accounts. However, despite a drop in FD account rates, these deposits are still a very good investment option.

Demonetisation proved that storing excess money at home or in the office is not a viable practice any more. Besides, the country is slowly going cashless and hence, cash transactions are better kept to a minimum. In this scenario, any excess funds must either be deposited in the savings account, or in the FD account. The latter option is better for those looking for higher capital appreciation, since interest on fixed deposits is normally higher than that on savings bank accounts.

Besides, it is easy to open a fixed deposit account online, when you bank with IDFC Bank. This is how you do it:

• Deposit your surplus cash in the account, or divert your excess funds from savings to the fixed deposit account. Ascertain that the amount has been credited before you proceed.
• Now access IDFC Bank’s portal and click on ‘Fixed deposits’.
• A deposit account opening form will pop up on the screen. Fill in the information asked for.
• The bank now checks the details and when verified, approves the account opening. The bank emails your login credentials (Customer ID, Account number), IFSC code and other particulars.

You can now transfer money directly into the FD account. You can deposit money between Rs 10,000 and Rs 10,00,000 in the account from another savings bank account or from your IDFC bank account.