Best 5 Investments option in India with high returns 2024

In 2024, as people in India deal with the effects of inflation on their everyday costs and savings, Indian internet users are turning to financial instruments that can help combat inflation. Here are the top 5  best investment choices in India.

1. Public Provident Fund

PPF is a trust plan in India. But the developer is only Rs. 500 per annum and the principal, interest, interest and maturity amount are all tax-free. It has a 15-year lock-in period, with partial withdrawals allowed at various points.

2. Senior citizen Savings Scheme

The Senior Citizens Savings Program is a long-term savings option for retirees. This option is ideal for those who aim to create a stable and secure source of income.

3. Gold Bonds

Sovereign gold bonds are government securities denominated in grams of gold. The Reserve Bank issues bonds on behalf of the Government of India as an alternative to holding physical gold. Investors have to pay the issue price, and one can redeem the bonds at maturity.

4. Mutual funds

Mutual funds are financial instruments overseen by fund managers that combine individuals' funds to invest in a variety of stocks and bonds from various companies in order to generate profits. It is possible to receive attractive profits even if you begin with a modest amount for your first deposit.

5. Real estate

The real estate sector in India is experiencing rapid growth, with promising opportunities ahead. Investing in an apartment or a piece of land is a viable option. Real estate in India is considered a top-performing asset due to its potential for steady growth every six months, offering low risks and high returns over an extended period.

FAQs

Q. How to get 15% return on investment?

A. Consider investing Rs 15,000 per month for 15 years and earning 15% returns. After 15 years, the total wealth will be Rs 1,00,27,601 (Rs. 1 crore).

Q. Which type of MF gives highest return?

A. Here are 5 mutual fund schemes with highest 3-year returns along with their expense ratios: Quant Small Cap Fund(G) tops the chart with over 39% returns followed by Quant Mid Cap Fund(G), Nippon India Small Cap Fund(G), Quant Flexi Cap Fund(G) and Motilal Oswal Midcap Fund-Reg(G) in the same pecking order.

Q. What is a bluechip fund?

A. A blue chip fund is an equity scheme that offers its investors a portfolio of stocks that generate solid and stable yields for a long time.

Q. Is MF good for long term?

A. Long-term mutual funds offer several advantages for investors seeking to build wealth over time. 

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