It would be best if you inevitably secured yourself financially to make your elderly life pleasant. To materialize this plan, you must regularly invest in the Systematic deposit plan. The paragraphs below discuss the best investment options for financial independence and stability.
Fixed Deposit is a time-tested classic in the investment domain.
If you will be happy with decent returns without shouldering major investment risks, nothing suits you better than the fixed Deposit. You will get an assured return at the end of the lock-in period, and you will have the flexibility to withdraw the cash at any time you have financial needs.

Unit Linked Insurance schemes
Investors looking for the best Systematic deposit plan may consider unit-linked insurance schemes that fetch the benefits of insurance cover and investment yields.
Liquid funds offer satisfactory returns with ample cash liquidity.
When looking for high-return investments, liquid funds are among the most suitable options. Even if it does not commit assured returns, it fetches much higher returns than fixed deposit yields. The most convenient part is that you can withdraw the fund anytime you want. If you withdraw the fund after 7 days, you need not pay any exit fees. The best part is that you qualify for tax exemption if you plow back the investment after 3 years.
Public Provident Fund
If you are interested in a Systematic deposit plan for the long term and are highly secured, nothing suits you better than the Public Provident Fund. It fetches you an assured return, and the interest rate is the highest in the category of secured return. You can invest in PPF on a lump sum or make a monthly contribution. The lock-in period for this investment is for 15 years, after which you can renew the investment. You can open a PPF account with any scheduled commercial bank or post office.
Mutual Fund investments significantly reward brave investors.
If you are looking for high-return investments and you can shoulder higher investment risks, nothing suits you better than mutual fund investment. Here, your investment will form a part of the corpus that the Mutual Fund Company will invest in other companies, fetching you returns per your contribution to the corpus. Here, investors may not get assured returns, but for years it has been producing high returns for investors.
Salaried individuals may try the Voluntary Provident Fund.
If you are salaried, you must regularly contribute to the employee’s provident fund. You would be making this contribution at the rate of 12% of your basic salary. You may decide to contribute to a higher rate from your side. However, as it is a voluntary contribution, your employer will not need to match the additional contribution. The best part is that you qualify for tax exemption. It is one of the most popular Systematic deposit plans for salaried individuals.
National Pension scheme
A nation’s pension scheme is a government-backed investment scheme that fetches you regular income throughout your retirement. You can opt for partial withdrawal in case you are in difficult need of cash.
Pension plans
If your objective is to secure your retired life, you should invest in pension plans. You can select monthly contribution plans, which will fetch you regular income as monthly pensions to support you during retirement.
Direct Equity
If you can shoulder higher investment risks and are looking for one of the high-yielding investment tools, you should opt for direct equity. It is most suitable for investors who are looking for long-term investments.
Real Estate Investment
Cash-rich investors may consider real estate investment that fetches you capital gains within a fair time. You can develop regular income by renting out the property, which entitles you to short-term gains.
Gold ETF
Gold ETF enables you to invest in gold as well as invest in stock. If you have a cash requirement during the lock-in time, you can approach Bajaj Finserv to avail of cash loans by pledging the investment certificate.
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