Mutual Funds and Financial Planning
R@hul Potu / 31 Oct 2024/ Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Letters to Editor, MF - Letter to Editor, Mutual Fund
Your cover story on financial planning via mutual funds was a thoughtful one.
Your cover story on financial planning via mutual funds was a thoughtful one. However, other than mutual funds, what are the safe investment options for a secured financial future? - Nivedita Pradhan [EasyDNNnews:PaidContentStart]
Editor Responds : Thank you for writing to us. Apart from mutual funds, there are several secure investment options for a stable financial future. Fixed Deposits (FDs) and Public Provident Funds (PPF) provide guaranteed returns and are low-risk, though they have limited liquidity and growth potential. The National Pension System (NPS) and Employee Provident Fund (EPF) are ideal for retirement savings, with tax benefits and compounding growth, though they lock funds until retirement.
For diversification, government bonds offer safety with fixed returns, while gold (physical or digital) serves as a hedge against inflation. Real estate and Debt Funds add stability, with real estate offering rental income and debt funds providing a low-risk, steady return. Lastly, life insurance plans and annuities offer reliable income post-retirement, making them good for longterm financial security.
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