Top Money Doubling Schemes In India

Are you looking for a good investment opportunity but confused with which one to go for? Though investment is a sacrifice of present value to ascertain future benefits, markets offer various money doubling schemes which might benefit investors in the long run.

Here is all that you need to know about money doubling schemes before you move ahead with your investment plans.

• Fixed Deposits (FD): When it comes to risk-free investments, fixed deposit is considered to be the first choice of investors. It is regarded as one of the safest investments, as it offers a fixed rate of return and flexibility to invest in tenors of 12 months till ten years. There are various set FD schemes like regular FDs, senior citizen FDs and tax-saving FDs. Bajaj Finance, one the leading financial institution in India, offers the highest rate of return on FD in the industry on fixed deposits- 1% (for senior citizen FDs).
• Tax-free bonds: Bonds carry interest rates and are issued for a fixed term. Tax-free bond, as the name indicates, is a bond that is exempted from the tax class. No matter to which tax slab you may fall into, there is no need to pay tax. Here are some of the tax-free bonds that you might like to invest in: Indian Railways Finance Corporation N1 serious, HUDCO N2 Bonds, HUDCO N3 Bonds, and National Highways Authority of India, etc. Coupon Rate offered varies from 8 percent to 8.50 percent.
• Non-convertible debentures: These are the secure debt instruments that offer a fixed rate of return with a fixed tenor and cannot be converted into equity share unlike that of convertible debentures. Generally, NCDs are offered by the rate of return of around 9 to 10 percent depending on the tenure.
• National Savings Certificate: It is the Indian government saving bond, commonly used for an income tax rebate and small-size investments. It is run by the Indian postal service. These bonds can be availed from the post office and are issued for five and ten-year tenor with tax benefits under Section 80C of income tax act. Generally, interest rates offered vary from 8% to 8.80% depending upon tenor.
• Public Provident Fund (PPF): It is one of the popular schemes just like employee provident fund scheme and fixed deposit. It enables you to invest your money for a tenor of 15 years with fixed returns that are set by the government. The rate of interest for the year 2018 was at 8 percent. Investment in this scheme can be started with a minimum investment of Rs 500 per annum.
• Mutual Funds: Mutual funds are subject to market risk, anyone who is willing to move with the market volatility can opt for this. The instrument can be invested in various methods: direct equity, equity funds, debts funds, ELSS, balanced funds, diversified funds, sectoral funds, and many others. For a long-term investment say 20 years, one can go for equity funds. If you want to take advantage of falling market, you can go for debt funds. And if you want to avail a tax benefit, you can go for ELSS.

Then there are various other options available in which you can invest if you are ready to take the risk for the rewards you get. The stock market and real estate investments fall in this category. These are certain investment options that can help you in enhancing your wealth.

Though a number of investment opportunities are available, fixed deposit is only one investment that ensures a fixed rate of return for the tenor term set by you along with the safety and stability of superior credit rating. Fixed deposit offered by Bajaj Finance with a fixed rate of return of 8.75 percent is currently one of the highest earning FD offered by any of the financial institutes in India. It is accredited by CRISIL (FAAA/stable rating) and ICRA Ratings (MAAA/stable rating) for its stability and credibility. It can be managed online using Experia- your online fixed deposit account and FD calculator.