Best Long-Term Investment Schemes In India: Check Out List Here
Long-Term Investment Schemes In India
In a long-term investment, an investor buys assets and holds them for a considerable amount of time—typically more than five years—in accordance with his or her risk tolerance. In addition to the power of compounding, these instruments also lessen short-term volatility and offer tax advantages. Here's a list of such schemes.
Post Office monthly Income Scheme
A good approach to invest is through Post's Post Office Monthly Income Scheme (POMIS). It is backed by the Indian government and is a fantastic investment for those who are risk-averse but still want a reliable stream of income. Now, the POMIS offers 7.4 percent annual interest that is due each month. The plan has a five-year deposit period.
Government Long Term Bonds
At maturity, the bond's principal amount and any income earned are repaid to the investor. It is regarded as a successful and secure investment choice that offers you assured profits (fixed & variable term based). Because the government is a trustworthy borrower and is unlikely to renege on its debt obligations, government bonds are regarded as safe investments. Compared to bank fixed deposits, it is a good option.
Monthly Income Plan Mutual Fund
A type of mutual fund investment known as a monthly income plan (MIP) invests primarily in debt and equities assets with the goals of generating cash flows and protecting capital. Under this strategy, you decide not to reinvest the money and instead choose to get the income or profit from your mutual fund investments at regular periods.