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News India Live, Digital Desk: Sip: Often people feel that thousands of millions of rupees are needed to become rich or prepare a large fund. Due to this thinking, many people are never able to start investment. But this is a huge confusion. The truth is that you just 500 rupees a month You can start investing with small amounts and can make funds of lakhs of rupees over time.
It is all possible ‘Power of Compounding’ With the strength of, in which you get interest not only on your deposited money, but also on the interest received on it. Let’s know about 4 such magnificent schemes.
1. Systematic Investment Plan (SIP) – Systematic Investment Plan
This is the most popular way to invest in mutual funds. In this, you deposit a fixed amount (eg ₹ 500) in the mutual fund of your choice every month. SIP can give you great returns in the long run, because in this you get the benefit of market fluctuations. This is the best for those who want to earn more returns with little risk.
2. Public Provident Fund (PPF) – Public Provident Fund
It is a government guarantee long -term savings scheme, which is completely safe. You can start investing in it from just 500 rupees annually. Its maturity is 15 years and the interest and full amount received on it Tax-free it occurs. This is for those who want guaranteed returns without any risk.
3. National Pension System (NPS) – National Pension System
This scheme is specially designed for your retirement. You can also invest in it from 500 rupees every month. In this, your money is invested in both the stock market and government bonds, which gives security as well as good returns. By investing in it, you also get huge discount in tax.
4. Sukanya Samriddhi Yojana (SSY) – Sukanya Samriddhi Yojana
If you have a daughter under 10 years of age in your house, then this scheme is no less than a boon for you. This is a government scheme in which you can add money for your daughter’s future (studies and marriage). Interest rates are quite good in this and this is also completely tax-free.
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