How to Start Investing in India: RD, FD, NPS & Mutual Funds Explained

Well, nowadays there are many ways of investment around us and believe me, the list can be very long, but today through this post, I am going to share some such investment advice for you if you live in India, which will prove beneficial for you. If you are getting a salary, then you should do some saving, and it is very important. You get benefit from it, see many people get salary and spend it and this is how they keep their lifestyle going, if in such a situation when they lose their job then a mountain of trouble falls on them, if you want that such a mountain of trouble does not fall on you then you should take some such steps to protect yourself which can help you a lot in times of trouble.

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There are many types of investments. Some of the investments we make are long-term and some are short-term. It depends on what your needs are. If you are investing in your future, for example, if you are married and you are making an investment related to your children's education, then you can do it for the long term. If you are thinking of buying something after 6 months or 1 year, and you are saving money for that, then we will put it in the short-term category. There are many ways to earn without investing for long term, many people do trading but see, our risk is also very high, I will not say that you cannot work from there, see, the higher the risk, the higher the earning and many aggressive methods have come up, how can you invest, if you talk about a normal mutual fund, then there also you get many types of mutual funds where you can invest in different ways, you can select a mutual fund according to your risk, with the help of which you can accumulate or define your risk, there you get all types of shares where you can take as much risk as you want. Look, there are some mutual funds whose output is very good, but the loss that can happen in them is also very aggressive, so you must keep this in mind and whenever you are selecting a mutual fund, you must pay attention to what type of mutual fund you are investing in.

Although there are many investment opportunities available nowadays, today I would like to tell you a little investment strategy as per your understanding and I will tell you the rest in the next block because it becomes a bit difficult for me to share so many things in one blog and you too will not enjoy reading it that much, so today I will share four topics as per your understanding and I will share the next four topics with you in the next post.

RD-:

Look, the first investment strategy is what we call a recurring deposit. If you are a salaried person, you can start it. There may be different interest rates depending on your bank, but generally, you get around 6.5 to 9% interest. There are many apps which give you even better interest, but look, if you do not trust the third party apps, you should start your ID in a big bank like State Bank, Punjab National Bank and other big banks like ICICI and HDFC Bank, open your RD in these only and always keep in mind that you do not open more IDs in a single account because sometimes it happens that some problem occurs in a particular bank, so in such a situation, if you keep all the money collected at one place, then you may get into trouble. See, recuring deposit is very simple, in this you have to select a date, on that day money gets deducted from your account automatically if you have chosen the option of auto debit and if you have not done this then you have to manually go and put money in your account or you can also put it online but there is an advantage of auto debit because then you do not have to worry about anything and you can select its time period which is from 6 months to 5 years, if someone is a senior citizen then its interest rate increases even more. If you want to make a saving habit, then this is a very good way through which you can make a saving habit, and it is going to prove beneficial for you.

FD-:

FD means Fixed Deposit If you have a lot of money and you want to keep getting money regularly from this account, then you can fix it so that you get yearly interest. So, nowadays, many schemes have come up with the help of which you can deposit a lot of money and start your pension and then you start getting monthly money. But many times it happens that if we have a lot of money, then we are confused as to what we should do. If you want to earn profit without risk and your principal amount will remain the same, you can earn a lot of money from its interest. It depends on how much your investment is. In FD, you get more interest than in RD because in this case, you give a huge amount to the bank, which is also beneficial for the bank, so it gives you a little more interest. You can set its duration as per your convenience, and if you are doing any FD from your mobile, then you can close it yourself anytime. Nowadays, there is a very good facility in the bank applications, and you get the facility of all these things in it.

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NPS-:

The full form of NPS is National Pension Scheme, as you must have come to know that this is a pension facility that is run by the government. the sooner you start it, the more beneficial it is for you. Its minimum age is 18 years, and its maximum age is 40 years. You have to deposit money for 40 years. The sooner you start this pension scheme, the less your amount. So overall, the thing is that you have to deposit some money monthly into the government account, which is done for you only. In a way, you have to deposit money according to your age limit till 40 years, and after that, between 40 and 60 years, you do not need to make any kind of payment. Then, when you turn 60, you start getting a pension, and the maximum pension you get is Rs 5000 per month. For now, you get only this much, but still see, the longer you live, the better it will be. You will benefit that much, and in a way, it will help you a lot in your future. if any kind of accident happens to you, then in such a case, your nominee will definitely get 50% of your pension share for his/her lifetime.

Mutual Funds-:

You all must have heard a lot about this thing, if you are an Indian citizen, then nowadays the trend of mutual funds has increased a lot, since the time Covid came, people have invested a lot in the stock market and since then the applications related to the stock market have increased a lot and in such a situation scams have also increased a lot and if you want to invest in mutual funds, then for that also from a very safe website like Zerodha is a very popular and oldest platform, it is popular for buying and selling stocks, but if you want to buy mutual funds, then you can use Zerodha's coin application, there are many other applications available like Groww, Indmoney My Upstoke and what not, nowadays there are many investment applications available through which you can invest and it is very easy, earlier if you had to open any broker account, then it used to take a lot of time, but now within about 24 hours your account is opened It gets ready and you can trade. See, if you do not want to invest and you do not know how to invest, then you can invest in mutual funds, and you can choose your field according to your expertise. There you will find many different types of mutual funds available, which you can choose and you can invest according to your choice. See, there is risk in mutual funds as well, but you should know how to manage risk, so whenever you are investing in a mutual fund, you should definitely pay attention to its returns. You should invest in this and see, many brokers tell you that we can give you so many percentage profit, and you should also invest. See, there is no need for all these things, you can invest in the mutual fund of Nifty 50 only, that too will give you very good benefit in the long term, rest you can invest according to your own choice.

Today, through this post, I have told you four ways through which you can invest. If you live in India, then this facility is available in India, but I have not been to other country, so I do not have any idea about that place. That is why I am sharing only the things here that I know. So in Part 2, I will talk to you about four more methods through which you can invest. Thank you.

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Translated via Google Translator, The content is original.

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