Outlook Business Desk
Financial knowledge and smart investments are crucial for women's long-term stability. Explore options such as mutual funds, stocks, gold, real estate, and secure government-backed schemes.
Mutual funds offer diversification and growth potential, while Systematic Investment Plans (SIPs) allow for regular, smaller investments, making them more accessible to a wider range of investors.
Gold has traditionally been a favored investment, especially among women, and serves as an excellent option for portfolio diversification. You can invest in gold in several ways, including purchasing jewelry, coins, and bars or opting for modern alternatives such as Gold Exchange-Traded Funds (ETFs), Gold Mutual Funds, Digital Gold and Sovereign Gold Bonds (SGBs).
Stock investments can offer high returns, but they require careful research and market knowledge due to their inherent risks.
Real Estate Investment Trust (REITs) allow investors to own fractional shares in commercial properties without the hassle of direct management. According to Aman Gupta, Director of RPS Group, Embassy Office Parks and Mindspace Business Parks offer 8%-10% annual returns through rental income and capital appreciation. REITs are a strong option for women seeking steady income, especially with rising demand in cities like Delhi NCR, Bengaluru, and Mumbai.
The MSSC scheme offers a stable interest rate on deposits, providing a secure and reliable investment option for women.
Bank FDs offer a reliable and safe investment option for those seeking guaranteed returns. They are ideal for risk-averse investors and provide a fixed interest rate over a predetermined tenure. Additionally, FDs offer flexibility in terms of tenure and are considered a low-risk investment.
PPF is a secure, long-term investment with tax advantages, making it ideal for retirement planning. Contributions to a PPF account are eligible for tax deductions under Section 80C, and the interest earned is tax-free. With a tenure of 15 years, it provides a safe way to build wealth over time while enjoying government-backed security.