9 Best Financial Tips (Options) for Indian Housewives in India for 2022
The financial markets in India today offer a wide range of opportunities for investors to earn high revenues. As a result, many housewives want to know about them in detail to improve their cash flow. Moreover, the increasing inflation rates made women save more money for their future life. At the same time, they should get more ideas about the investment options available for them that will help make the right decision. Apart from that, they show ways to manage financial crunches in life when it comes to medical expenses and other things.
Indian Housewife now becoming smart in managing their families and focusing more on financial planning to live an independent life. However, they should get ideas from various sources while investing money to accomplish goals significantly. In addition to that, it enables women to generate more income. Different types of investment plans are available for housewives in India, and they can choose them based on their choices to gain more advantages.
List of 9 Best Investment Plans for Housewives in India for 2022
Let’s know about the best investment plans for Indian housewives she can choose them based on their choices to gain more advantages in 2022.
- Mutual Funds
- Public Provident Fund (PPF)
- Post Office Monthly Income Scheme (POMIS)
- Recurring Deposits (RD)
- National Savings Certificate (NSC)
- Exchange-Traded Funds (TTF)
- Direct Equity
- Insurance Products
1. Mutual Funds
Mutual funds are one of the best investment plans for housewives because they provide ways to earn decent money. They can invest small investments in mutual funds starting from 100 rupees through systematic investment (SIPs). Moreover, housewives can reap the benefits of the stock markets that give ways to ensure profits. Since mutual funds are subject to market risks, it is wise to monitor them regularly to minimize losses. It is wise to work with fund managers who have a wide knowledge of mutual funds and market analysis that will help overcome complex issues.
A bond works like a loan that offers interests for investors and comes with a fixed maturity period. Many public enterprises and private companies issue various types of bonds to meet their funding requirements. It is the best choice for women to earn a fixed income without any risks. Buying bonds enables housewives to ensure assured returns on investments. At the same time, they should learn more about the things involved in the buying process from different sources.
3. Public Provident Fund (PPF)
The public provident fund, shortly known as PPF, is one of the most popular investment plans offered by the Indian government. It is the best choice for housewives who look for long-term planning. Another thing about PPF is that it offers an attractive rate of returns for investors to increase the money flow. Apart from that, they are high compared to bank deposit rates, which will help get high returns.
4. Post Office Monthly Income Scheme (POMIS)
Indian post offices provide investment options for housewives when they want to earn more money. The post office monthly income scheme, shortly known as POMIS, involves zero risks, and housewives can invest money starting from Rs. 1500. It offers a monthly interest for them with payment options. POMIS is a great option for investment planning because it provides ways to utilize the money for different purposes.
5. Recurring Deposits (RD)
Recurring deposit (RD) is a scheme available in all banks, and housewives can invest small amounts at regular intervals. It offers higher returns than a regular savings bank account, thereby improving the financial flow. At the same time, the minimum investments and rate of interest may vary from one bank to another bank in India. Therefore, it is one of the best investment options for housewives to increase their revenues.
6. National Savings Certificate (NSC)
National savings certificate (NSC) issued by post offices allows housewives to get guaranteed returns. It comes with a lock-in period of five years and ten years that provides ways to ensure more income. The scheme enables a woman to invest as low as 100 rupees which don’t include any capping amount on the investable amount.
7. Exchange-Traded Funds (TTF)
Exchange-traded funds (TTF) are a combination of both mutual funds and market traded securities. Housewives in India can choose them for investing money in diversified securities such as bonds, commodities, etc. This, in turn, gives ways to get high returns in the future markets. TTF is one of the best investment options in India since they are well-managed by professional teams. As a result, it requires less research and monitoring, allowing housewives to enjoy good returns with reduced risk.
8. Direct Equity
Direct equities are other investment options available for housewives when they want to make more money. Although they involve high risk, they offer high rewards that will help generate good returns. Housewives should analyze the balance sheet of a company and judge its performance in the stock markets. This, in turn, gives ways to invest in equities after knowing the market share and quality of products.
9. Insurance Products
Insurance products involve different types, allowing housewives to earn money through Unit-linked Insurance plans (ULIP). It is a combination of insurance and investment that gives ways to stay financially secure against emergencies and grow money. Another thing about ULIP is that it allows women to maximize their savings through long-term investments. Not only that, it provides appreciation and tax-saving benefits to investors by addressing the essential needs. Housewives should learn more about insurance products when they want to earn more money through investments.
Homemakers these days are becoming smart thinkers while investing money. A variety of choices are available for them to maximize their money. Some of them involve no risks, and some investments come with high risks. Therefore, they should evaluate them with more attention that will help reduce unwanted problems. Whether they are earning or remaining as a homemaker, the investment options allow them to save more money. They can even diversify their plans in stocks and other areas to reach the next levels. It is wise for them to consult with financial experts if they want to manage their portfolio in stock trading and other investments that give ways to reduce losses or other problems.
What are the best investment options in India for housewives in 2021?
The best investment options in India or housewives in 2021 includes:
• Mutual Funds
• Public Provident Fund (PPF)
• Post Office Monthly Income Scheme (POMIS)
• Recurring Deposits (RD)
• National Savings Certificate (NSC)
• Exchange-Traded Funds (TTF)
• Direct Equity
• Insurance Products
Is there any scheme for housewives?
Yes, there is a recent scheme by the government aimed at women such as, 'Stand Up India' which lets women entrepreneurs to avail bank loans between Rs 10 lakhs to Rs 1 crore in the manufacturing and trading sector. The government has introduced Mudra Yojana Scheme for women which grant loans between Rs 50,000 to Rs. 10 lakhs for women.
How can housewife save money?
There are various investment schemes for housewives through which they can save money such as Mutual Funds, Insurance products, PPF, Recurring deposits, NSC and more.
Can a housewife apply for Atal Pension Yojana?
Both husband and wife can enrol under Atal Pension Yojana and can get Rs 10,000 per month as pension.
Can a housewife invest in stock market?
Yes, housewives can invest in the stock market. However, to do so they need to equipped with sound financial knowledge and understanding about the trading before diving into the capital market and start trading.
Which is the best post office scheme for housewife?
Housewives can invest in Post Office Monthly Income Scheme (POMIS) which is offered by the India Post and extremely safe as it is under the purview of the government. This scheme provides monthly interest payout and requires investment of Rs 1500 in a year. It is very popular in the rural areas and now getting popular in the urban areas as well. It is a risk-free and excellent option for monthly payment.