Balancing safety and returns is a must in any investment plan to find the potentially ideal recipe for investment. You may think the stock market is the place to seek investment and potential profits after you open a Demat account, but investing in equity may be considered risky. Nonetheless, while you may consider a stock investment with the Bajaj Broking online trading app easily, you can balance your portfolio for diversification by considering investments in instruments like bonds that generate safety and returns in equal measure. In the meantime, check out 12 investment options that are safe and sound in 2024.
- Public Provident Fund (PPF)
PPF is a government scheme of investment and offers you moderately high interest rates, making it safe and rewarding. One of the pros of this investment is the tax-free returns you gain.
2. FDs or Fixed Deposits
The stock market is a tempting place to invest your capital, but it comes with potential risks. Anyway, if you do want to allocate some of your wealth to equity, you may also consider some tried and tested investments that give you assured returns like fixed deposits. These can be opened in banks and post offices for a specific tenure, giving you guaranteed monthly, quarterly, or yearly returns.
3. Senior Citizens Saving Scheme (SCSS)
Customised for senior citizens who may want a sure way of earning a regular income, this scheme has tax-saving benefits and higher interest rates.
4. National Savings Certificates (NSC)
This is another investment scheme that is backed by the Indian government and provides you with an annual compound interest facility.
5. RBI Bonds
Even if you wish to invest in the stocks using the comprehensive feature suite of the Bajaj Broking’s Stock Market App, you can still diversify your portfolio with government-backed bonds like RBI Bonds. This is a secure investment channel and gives you fixed returns.
6. Debt Mutual Funds
Consider debt mutual funds, a viable option in the mutual fund category of investments as they invest mainly in fixed-interest-generating instruments and securities. These are less risky than equity mutual funds and they may be suited to short or medium-term investment goals. Debt mutual funds give you a degree of security in your investments, but you could also go in for an IPO, through Bajaj Broking to balance your financial basket. With seamless application through UPI and features like tracking your allotment status, besides researching relevant IPOs, this app has all you need for sound IPO investment.
7. Gold
To have some balance in your portfolio, you can combine stock investments with safer investment channels like investment in gold. This traditional haven of investment and a reliable hedge against inflation can be opted for by investing in physical gold, gold ETFs, gold bonds, or gold mutual funds. SGBs or Sovereign Gold Bonds have emerged as a great alternative to investing in physical gold.
8. Different Government Bonds and Securities
You can invest in several government-backed bonds and securities for your investment as these are safe and offer regular returns.
9. Unit-Linked Insurance Plans (ULIPs)
The stock market gives investors different ways to invest. If you want a unique plan that combines insurance with investment in equity-based securities, you can think of a ULIP.
10. Real Estate
Investing in real estate is mostly considered as a profitable investment option and you can earn a regular income through rental income. When you have a fixed income source like this, you may think of reinvesting part of what you earn in rent into risky yet profitable equity. With Bajaj Broking’s MTF, you can allocate part of your investment using your own capital and borrow the rest from Bajaj Broking. You get low interest rates too!
11. Child Plans
Several investors turn to the stock market for medium to long-term investment, and this may be a good avenue.
Beyond this kind of investment, you may think of long-term investment channels like child plans to invest for the long-term needs of a child, like higher education, that are government-backed. These plans, like the Sukanya Samriddhi Yojana (SSY) give you returns and tax advantages.
12. Post Office Monthly Income Scheme
If you want a regular income source, this scheme may be considered. You get security as well as monthly payouts.
A Good Mix
Any financial portfolio today should have a blend of investments, of which some may be potentially risky like stocks, while some may be safer, like fixed plans and debt mutual funds. The stock market, while offering you a high-profit potential, comes with risks. Remember that balancing your portfolio helps and safe investments allow you to hedge against more risky ones which have the potential to generate profits.
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