When it comes to the best profitable investment options and first one time investment, several questions pop out in the mind of people. Every investor is interested in investing in the best investment options of India as this is the only way that will be able to avail maximum return in a specific tenure with minimum risks involved. Many people invest because they want financial security, whereas the other investors achieve the investment goals. However, the most important thing to remember is the investment option you choose should depend on your risk appetite, investment horizon, financial goals, and other needs.
Here are some of the profitable one time investment options that you need to know about if you are interested in gaining several benefits. Continue reading the article till the end and know everything.
1. Unit Linked Insurance Plan (ULIP)
This is the first one time investment plan that is considered the best in India. This investment plan offers the dual benefit of insurance and investment. Besides this, ULIP is the plan that helps people have several advantages like tax exemption. Moreover, the ULIP plan is the type of plan that arrives with a lock period of 3 to 5 years. Further in this, a part of the premium is used for the insurance coverage, whereas the remaining investment is invested in market-linked instruments like shares, bonds, and more. So think and have this investment plan.
2. Public Provident Fund (PPF)
This is one of the most common one time investment plans that people have. According to the stats, it has been found that most of the Indian people have their provident fund accounts. This is a long-term investment plan that is very profitable and tax-free as well. People can easily open a PPF account either in the bank or a post office. In this investment plan, the money is locked for around 15 years, and you can easily earn compound interest on the money accumulated. However, the best thing is that you can easily extend the time frame of the investment.
3. Mutual Funds
Mutual funds are one of the best ways to invest your money and are considered one of India’s most prominent investment options. Mutual funds are the ideal investment plan that offers you high returns on the investment over the long term. It is a market-linked investment alternative through which you can invest your money in various financial instruments like equity, debts, stock, money market fund, and many more. The returns in this one-time investment plan are offered according to the fund’s market performance. Even though the risk exposure is high, the returns are better than the other best investment options available in the market. Think and invest now.
So, here the article ends. But, there are many other one time investment options as well. So, think wisely and choose for yourself today.
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