Top 10 Investment Options for Indian Women’s in 2021
The investment markets are expanding day by day in India that providing ways to earn more revenue. In today’s modern world, women are becoming successful in various fields due to their hard work and other qualities. They also want to invest money for their future life to live independent life. Several investment plans are available for women to focus more on their financial goals. However, they should know how and where to invest their hard-earned money from different sources. This will help a lot to get high returns and income to a large extent.
Furthermore, the investment options for women in India significantly increase their monthly and yearly earnings. It is wise for them to gather more details about plans from different sources that give ways to make the right decision. Not only that, they contribute more to accomplish goals in financial planning that help overcome unwanted issues. Women will get financial security after investing their money in different things.
List of Top 10 Investment Options for Women in India for 2021
Here we listed out the top 10 investment options available for women in India that offer long-term benefits to female investors.
- Public Provident Fund (PPF)
- Employee’s Provident Fund (EPF)
- Kisan Vikas Patra
- National Savings Certificate (NSC)
- Post Office Monthly Income Scheme
- Fixed Deposit (FD)
- Mutual Funds
- Post Office Time Deposit scheme
- Real Estate
1. Public Provident Fund (PPF)
The public provident fund is one of the best investment plans available for Indian women in 2021. It is available in all post offices and banks, allowing women to get good returns. Apart from that, the public provident fund offers an interest rate of 7.1 % to 8 % with a maximum tenure of 15 years. Furthermore, it is a risk-free option, and a woman can invest her money starting from Rs. 500 to Rs. 1.5 lakh. The investment plan lets women withdraw 50 % of the amount after completing 5 years. Thus, it can save a large amount for a tenure of 15 years which exactly suits working women or homemakers.
2. Employee’s Provident Fund (EPF)
Employee’s provident fund, shortly known as EPF, is a secured post income meant for women to get tax benefits and gather tax-free savings. Working women have to contribute only 8% in EPF funds for the first three years. It is one of the best investment options in India, allowing women to earn more high income. Women who work in private sectors can invest up to a maximum of Rs. 2.5 lakh and government employees can invest their money up to Rs. 5 lakhs in the EPF scheme.
3. Kisan Vikas Patra
Kisan Vikas Patra is a certificate issued by post offices in India that offers an annual interest rate of 7.6%. It is one of the best short-term investment plans for ladies and has no maximum contribution. Furthermore, the scheme is valid for 9 years and 5 months. The maturity value doubles the principal amount in this scheme, thereby showing ways to gain more advantages. Moreover, the scheme offers guaranteed risk-free high returns to investors.
4. National Savings Certificate (NSC)
National savings certificate (NSC) is one of the best investment options for women because it gives ways to get high returns. It offers up to 8 % interest, and there is no cap on the money invested. On the other hand, it comes with certain restrictions, and investors are not allowed to draw amounts before the maturity period.
5. Post Office Monthly Income Scheme
A post-office monthly income scheme is one of the best investment options for women because it provides ways to ensure consistent earnings. It has tenures from 1 to 5 years, and one can invest a minimum of Rs.1000 and a maximum of Rs 4.5 lakhs. The scheme is a one-time investment that helps to earn interest based on tenure. Joint account holders can deposit Rs.9 lakhs under this scheme.
6. Fixed Deposit (FD)
Fixed deposit is the best saving scheme for females that is available in both private and public sector banks. On the other hand, the rate of interest may vary from one bank to another bank in India. The fixed deposits provide fixed returns with no maximum limit on the investments. It is possible to withdraw the money before the maturity date during emergencies. However, the interest rates on the principal amount will get affected while withdrawing money before the maturity date.
Also Read: Best Long-Term Investment Options in India
7. Mutual Funds
Mutual funds are one of the best investment plans for women because they significantly show ways to overcome inflation problems. In addition, they can choose the systematic investment plan (SIP) to minimize losses and maximize the returns on investments. Besides that, mutual funds are a good alternative to self-trading, and women can select a vast range of options offered by banks. They even show ways to invest in stock markets that will help generate some good money with fewer risks.
8. Post Office Time Deposit scheme
Post office time deposit scheme is the best saving scheme for ladies available in India, and they can ensure guaranteed returns on investments. The investment periods range from 1 to 5 years which involve zero risks. Moreover, one can’t withdraw the amount before the maturity date, and women can transfer the account to a different location when they move to another city or state.
9. Real Estate
Due to urbanization, real estate markets are growing in India, and investing money in them is an expensive option. At the same time, banks offer discounts for women when they want to purchase a home loan. Women can repay the loan amount for a period of 10 to 20 years based on their choices. Real estate investments provide ways to earn income in the form of rent. Apart from that, they ensure a regular monthly income for women that will help earn high earnings.
Gold is one of the wise investment plans for women in India because it will help ensure high protection during uncertainties. It is a safe investment option that gives ways to generate a consistent income. Women can buy gold coins from banks and authorized dealers. They can get good money in the markets when the prices of gold increase. It is possible to exchange gold coins for cash or jewelry-making purposes. Gold investments enable a woman to overcome financial burdens during high inflation.
These are among the top investment options for women in India. Before buying, make sure you thoroughly know about their benefits and features to make a fruitful investment.