How To Choose The Best Investment Option?

Investments are one of the most prominent channels for saving and best return against the growth of funds. One of the most major saving approaches is supposed to be the most challenging as well since an investor has to be well aware of the investing funds along with market the trend. An investment is the most trusted and believed principle of growing wealth because of its key features like solidity, sustainability, evenness and universal nature.

 

In 2016, this is the best time for investments, as you move away from traditional saving options of dumping money into any savings account to investments. Generally, it is observed that people do last minute investments to save tax and fall prey of agents with misdirecting investment plans. This article will give you a glimpse of the investment directions you should take and have the best tax-saving portfolio:

 

Some of the best investment options for the FY 2016-17:

 

Spend in Mutual Funds Investing in the mutual funds is considerably the best investment option as their general trend is to provide profits better than the other financial investment options.

 

Invest in gold: Latest technique unique gold plans were introduced by our Hon’ble PM Mr. Narendra Modi which are perfectly diverse in its own making them the Best Investment Option This Year. The simple idea behind investing in gold is that it is an ideal investment tool which is diversified in its own.

 

Stash money into tax savers: Several investment instruments are introduced newly into the market to fetch great returns along with the benefit of a tax-saver product. An investor with a low risk tolerance appetite should advisably go for a PPF (Public Provident Fund) wherein for the rest investment into ELSS (Equity Linked Saving Schemes) that have shown great returns over investments with tax saving benefits.

 

Investments in Initial Public Offering (IPOs), are one of the best investment options as and one can invest their funds in this as they show the fastest financial growth. One can consider investing in them as they are the fastest way to make money. Investors with higher risk tolerance appetite can think of investing in them after making a proper analysis on the IPO keeping in mind the investment time period.

 

Company deposits are the best investment option since they give a better return on investment than a bank when the rate of interest on FDs falls. A company fixed deposit is the investment option for the individuals who prefer investing into bank

 

How is investment important for individuals?

 

Savings: Over a period, conventional investment option is viewed as a medium of long-term commitment both by the policyholder and the distributor, such policies help the holders to meet their future financial needs be secured and raise long-term funds effectively.

Financial growth: Life insurance plan is has proved to be a great investment option and its user ground is growing at a jet pace. The traditional policies have a growth through the dividends that come in are totally tax-free without any investment risk to it. The return on investment is paid to the policyholders by an annual payment of bonus. Further, the amount can also be transferred to any of the Individual Retirement Accounts. Long term investments give you financial support at any foreseen/unforeseen situation like child education, critical illness, accident, marriage, planning for life after retirement or your dream house.

Risk Cover: A Life Insurance investment option makes sure that your family maintains the same quality of life against any unexpected event. It gives a sustained coverage to the beneficiaries of the policyholder and safeguards them against unforeseen events.

Protection against health expenses: Life Insurers through health insurance plans provides the advantage of protection against critical health conditions and the medical expenses. The health plans have qualified to be a savior given the increasing incidence of lifestyle diseases and escalating medical costs.

 

To travel miles after miles in order to have a hassle free secured and happy family life having a savings in balance to meet future goals or uncertainties is no distant dream with any investment option Investments are undoubtedly a promising land for many, but everything can be put together in place with thorough research on the products in the light of your requirements.