Investment is a necessity to grow your money for the future. While there are various types of investment options to choose from in India, one should keep in mind their age and their requirements for an investment.
This includes deciding whether
- To invest long term or short term
- To invest in risky or risk free investments
- To check liquidity requirements in case of financial emergencies
You need to take into consideration these factors while selecting your investment avenue.
There are 2 buckets of investment options to invest in India in 2021
Table of Contents
1. Financial Assets that can be further segregated into
- Market linked products like stocks and mutual funds.
- Fixed income products such as Public Provident Fund and Bank Fixed Deposits
2. Non Financial Assets that include physical gold and Real Estate
While choosing an investment plan from the various investment options, it is critical to match the risk profile of the investor, that is, you with the related risk of the product.
An investment where you can invest:
- Equity (Stock) Market
- National Pension Scheme (NPS)
- Public Provident Fund (PPF)
- Equity and Debt Mutual Funds
- Real Estate
- Gold
- Fixed Deposits, and many more
Fixed Deposit is one of the best investment option out there due to various reasons.
Here are five main advantages of having a fixed deposit:
Tenure options
A plenty of options are available when it comes to tenure where banks offer varying interest rates based on FD tenure. A longer tenure usually provides a higher interest rate. When investing in Bajaj Finance Fixed Deposit scheme, you can choose the tenor between 12 and 60 months, to suit your financial needs. This can help you with your liquidity needs, and you can also ladder your investments to enjoy a higher cash inflow.
Easy withdrawal
During a financial emergency you can always choose to withdraw the deposit prematurely as FDs come with a certain degree of financial flexibility. Banks may sometimes levy little or no penalty charges for premature withdrawal. In case of emergencies, you can withdraw prematurely from the Bajaj Finance Fixed Deposit, post the initial lock-in period of 3 months. However, in order to avoid loss of interest, you can choose to avail a loan against your Fixed Deposit, where you can take an easy loan.
Safety
Given the market volatility, Fixed Deposits are the best kind of investments for a stable risk free return. You will not have to worry about any change in the interest rate since it will be fixed for the tenure of the deposit. With a term deposit interest rate of upto 6.75%, Bajaj Finance Fixed Deposit Scheme turns out to be the right choice for investment for short as well as long term.
Risk
As compared to the other investment options like the equity and mutual funds markets which are volatile, a Fixed Deposit guarantees you a risk free return option. This is the best way to ensure steady returns.
Feasibility
In comparison with other investment options, Fixed Deposits offer better investment convenience and flexibility. You can invest in an online Fixed Deposit like Bajaj Finance Online FD from the comfort of your home, without having to face the trouble of going through lengthy procedures and visiting the bank . You simply need to enter your intended investment details, verify your documents online and pay via a net banking or UPI option.
Bajaj Finance Fixed Deposit is said to have one of the highest returns with an interest rate of upto 6.75%.
Bajaj Finance offers lucrative opportunities for investment in Fixed Deposit and Bajaj Finance Fixed Deposit is a proven solution for falling FD rates. Apart from offering high returns, Bajaj Finance Fixed Deposit offers a flexible tenor, lets you choose your interest payment mode, avail tax benefits and easy access to loan and lets you enjoy high credibility and stability. Customers also get an extra interest of 0.25% on renewing the Fixed Deposit. Senior citizens also get an extra interest of 0.25% as an additional benefit.
On a rainy day, Bajaj Finance Fixed Deposit is your best friend as investing ensures that the money is available during financial emergencies as an assurance. You can have the cash deposited into your savings account whenever you want and hence is better than other investment options
