[ad_1]
Fixed Income Schemes: The last few years have not been good for people investing for fixed income. After the increase in repo rate by RBI from May, fixed income schemes are emerging as a better option than equity investors. Investors are earning well in these fixed income. From banks and small finance banks to post office schemes, RBI bonds and mutual funds are giving higher returns to people than before.
During the last 1 to 10 months, an increase is being seen in the returns of government schemes and mutual funds. In such a situation, financial advisors are also advising to invest in it. It is believed that now the increase in tax exemption limit will increase investment in schemes like mutual funds. Let us know which are such schemes, which are emerging as better competitors than the equity market.
Bank and Small Finance Bank Fixed Deposit
Here, on investment in fixed deposits, investors are getting an average of 3.50 to 9 percent interest on different tenures. It has good liquidity. It is easy to withdraw money in this. Although some banks are charging from 0.5% to 1%.
Corporate Fixed Deposit
Money cannot be withdrawn from the first month to three months on fixed income. If withdrawn, penalty will be applicable. 6.9 to 9.05 percent returns are being received on tenure of 1 year to 10 years.
RBI bond
The RBI bond matures in 7 years, under which the return is given at 7.35 per cent. Money is completely safe in this.
post office scheme
There is no risk in these schemes, but you cannot withdraw money whenever you want. Money can be withdrawn only after the lock in period. However, a charge will have to be paid for withdrawal in between. On maturity of 1 year to 5 years, 6.6% to 7% returns are being given under these schemes.
Senior Citizen Saving Scheme
This scheme is also a better option for the people. People of 60 years or above can invest in this. It has a maturity of 5 years and an annual interest of 8 percent is being given.
public provident fund
In this, a maturity period of 15 years is given. Any citizen can invest. Up to Rs 1.5 lakh can be invested annually and interest is given at 7.1 per cent. This is a tax free scheme and partial withdrawal is available.
Mahila Samman Saving Certificate
Partial withdrawal can be done under this scheme. Maximum Rs 2 lakh can be invested in this. This scheme will be available from April 2023.
read this also
[ad_2]
Source link