Women's Day: Grow your money by investing in these options
Women are always inclined towards saving money rather than investing it. She will put money in fixed deposits or recurring deposits, but not invest!
Why? Lack of awareness? Or, lack of opportunities?
Being in charge of your own money and investing it is the amount of self independence it allows.
Women, it is the time when you bring out your cash and grow it. There are ample number of options for investment in financial market.
Systematic Investment Plan (SIP): Easy and simple way to start investment. This investment scheme will be very helpful in maintaining the discipline investment needs. Begin putting small amount periodically into selected mutual funds and get robust returns.
Mutual Funds: Instead of going SIP way, you can also directly invest in Mutual Funds. One of the safest way of investment where you get guidance by experts to handle your money. Start investing small amounts in different funds and expand your portfolio.
Equity market: This option will surely educate more about the investments. First decide whether you want to park in your money for short term, medium term or long term. Read about the company performance before investing. Get quick and high returns from equity market.
Sovereign gold bonds: Gold is no more just a physical yellow metal. The newly launched government backed Sovereign Gold Bonds could be considered as an investment option as it comes with number of advantages.
What makes SGBs more attractive is the tax advantage. Under the 2016-17 Union Budget, Jaitley had proposed that the redemption of the bonds by an individual be exempt from the capital gains tax.
So, this Women's Day start something new. Why not invest?