People choose ways to grow their money for different reasons, like saving for education, weddings, property, or retirement.
Some prefer safe options to avoid the ups and downs of the market.
While there are choices like fixed deposits and government post office schemes, they offer low returns.
If you want better returns, here are 5 options to consider, keeping in mind that they come with market risks.
Mutual Fund Investment
Mutual funds gather money from various sources and invest in bonds, stocks, and debt. Although it involves market risk, it can provide high returns.
Depending on the fund’s performance, your money could double in 3 to 5 years.
Debt Instrument
A debt instrument is a way to invest and earn fixed interest income. The interest is predetermined.
Companies use this to raise loans, and investors choose it for stable returns. You can invest in these instruments for short or long terms.
Real Estate
Investing in real estate, such as houses or land, is considered a reliable option. It can yield good returns over the long run.
Renting out property can also provide a steady monthly income, making it a worthwhile investment if you have the means.
Investment in Gold-Silver
Gold and silver are popular investments, especially among women.
Besides physical gold, there’s a growing interest in digital gold, gold exchange-traded funds, and sovereign gold bonds.
These options carry less risk than stocks and offer favorable returns.
Stock Market
Investing in the stock market comes with risks. It involves buying shares of listed companies. While it can be a quick way to make money, the risks are high too.
With the right strategy and understanding of the market, you can earn double-digit returns annually.
Seeking advice from experts is advisable for those new to the stock market.
