Growing up comes with tons of responsibilities. While securing the needs of your families is the topmost priority, accomplishing your life goals is also equally important. To so, every individual should have an ample amount of resources. With the help of an investment plan, accumulating funds for achieving the life goals of you and your loved one is comparatively more straightforward. The larger the period of investment, the larger the creation of wealth.
So if you’re looking for the best investment options in India to fulfill your life goals, keep reading to find out more. Take a look:
List of investment plans to meet your life goals:
1. Unit Linked Insurance Plan (ULIP)
A dual investment product like a ULIP Policy is worth all your life long efforts of saving money. This is because of the fact that ULIPs is a combination of investment and insurance under one roof. Moreover, investment in ULIP policies ensures the protection of your family in times of financial exigencies as well as the participation of the investor in the equity markets. If an investor stays invested in the policy for a longer duration, the scope of wealth accumulation is more. The higher accumulation of wealth helps to meet the lifelong goals of his entire family.
2. Mutual Funds (MF)
Ever since MFs have been introduced, the investment in MFs has proved profitable to the investors in many ways. The wide variety of funds bearing the investor’s risk ability has increased the sale of MFs. When you invest in a mutual fund, its reach, and variety works in your favor, which makes the creation of wealth easier. MFs allow the investors to make an investment either in the form of lump-sum or interval payments. These modes of payments availed through the route of SIP, reap the maximum amount of dividends.
3. Fixed Deposits
One of the most traditional yet the most trusted options of investment is Fixed Deposit. These fixed deposits are made available to the public at banks as well as commercial firms. While the interest rate of bank FDs is higher, the rate of interest provided by the commercial firms is reasonable. Whether you opt for FDs provided by banks or commercial firms, choosing for investment in FDs ensures complete protection of your funds since it is supported with the adequate amount of insurance.
4. Child Plans
Being the youngest member of the family, we love to pamper our little ones and fulfill all their dreams immediately. To safeguard your child’s future, it is advisable to invest in a child plan. With the help of a child plan, your child will be financially supported even when you aren’t anywhere around him. Whether it is higher education or travel goals, the main motive of a child plan is to meet the lifelong goals of your little ones.
5. Real Estate
A real estate investment is one of the most preferred options for investment. This is because of the fact that investment in real estate not only provides long term security but also provides a steady flow of income to the investors. Since investors believe that the value of real estate rises over time, they prefer sticking to the plan for the longest period to reap maximum benefits. If you’re interested in buying a property, you can utilize the generous amount of money from the real estate investment to meet your urgent needs.
Now that you know these 5 investment options for the fulfillment of your life long dreams don’t you already know the answer to the question, ‘where should I invest money?’ Due to the availability of a plethora of options, see to it that you don’t get lost in the pool of searches and end up making a wrong decision. The best way to meet your life goals is by investing in a ULIP Policy. The prime motto of a ULIP Policy is the betterment of its policyholder as well as achievement of all his long term goals.