Venture choices are bountiful in the present time, yet not every person likes to face high dangers challenges bring in cash. There are a number of choices that provide regular income for those who prefer a less risky long-term investment strategy.
Stocks, bonds, mutual funds, real estate, and retirement plans are some of the most common long-term investment options. For long-term investments, fixed deposits and equity funds can also be considered.
The Post Office Monthly Income Scheme (POMIS) is one such investment that has the potential to provide regular income. This venture is a piece of the Small Savings Scheme of the Central Government and offers a loan fee of 7.4 percent. POMIS requires a minimum investment of Rs. Up to Rs. 1000 can be invested. Rs. 9 lakh each or up to Rs. 15 lakh in a shared service.
Government Long Term Bonds or Gold Bonds are another good option for long-term investments because they offer guaranteed returns and are better than bank fixed deposits.
The venture choices accessible in these securities incorporate Fixed Rate Securities, Sovereign Gold Securities (SGB), Expansion Listed Securities, PSU Securities, and Zero-Coupon Securities, among others.
Another type of mutual fund that can provide regular income, profits, and reinvestment is the Monthly Income Plan Mutual Fund. Real estate investing is another option that has the potential to yield high long-term returns.
In addition, the government has launched long-term investment options such as the PPF, the Retirement Fund EPF, and the Senior Citizen Saving Scheme.
Choosing the right investment option can be difficult despite the market’s abundance of options. The aforementioned options can provide regular income and good returns for those who value less risk and a long-term investment strategy.
Before taking any action, it is always recommended to seek professional assistance from a financial advisor.
