6 Best Investment Options for a Salaried Person


    When it comes to investments, salaried individuals often hesitate to risk their money. Since they have a fixed amount of income, this is understandable. Whether it is FD investment options, Public Provident Funds (PPFs), or any other instrument, salaried persons always seek to lower the risk factor. If this is true for you, too, you can consider these six safe investment instruments to grow your savings:

    1. Fixed deposit (FD)

    Financial institutions offer fixed deposit interest rates that can exceed 7%. This makes FDs a more profitable investment option as compared to a savings bank account. An FD lets you securely invest your money for a fixed period. The minimum and maximum tenure can vary from issuer to issuer. For example, Mahindra Finance offers a tenure ranging from one year to five years. FD interest rates stay fixed during this time, even if the market performs badly. Due to this inherent stability, many salaried people prefer to invest in FDs and wait for their money to grow with time.

    2. Recurring deposit

    This is an investment option that allows you to save regularly. You can link the recurring deposit account with your bank account so that a certain amount can be deducted directly every month. After a fixed period, you can claim your original investment amount along with the interest earned.

    3. Systematic Investment Plan (SIP)

    One of the best investment options for any salaried person is an equity fund with an SIP option. This allows you to invest in the fund monthly, so you need not risk a lump sum at once.

    4. Public Provident Fund (PPF)

    PPF is a safe, long-term investment option with a 15-year lock-in tenure. You can invest anything between INR 500 to INR 1.5 lakh annually and get a tax-free return on maturity.

    5. National Pension Scheme (NPS)

    This is a government-backed investment option that allows you to build a huge corpus over time. By making a minimum deposit of INR 500 per month, you can enjoy a comfortable retired life.

    6. Gold

    Gold is one of the most popular investment avenues in India. It is a long-term investment option that offers you the freedom to getting liquidity whenever you need it.

    Out of all these investment instruments, many experts suggest that FD is the best option for salaried people. If you meet the fixed deposit eligibility criteria, consider an FD from Mahindra Finance. The fixed deposit from this provider offers flexibility, security, and stable returns.