Here Are The 5 Best Long-Term Investment Plans. Know All About Them

Most investors want to get high returns on their investment as quickly as possible, without the risk of losing the principal amount. So, they continuously look for short-term investment plans that can double their money in a few years. Unfortunately, such investment plans are not available as of now. The next best thing an investor could do is to find products that assure them good returns over a period of time and yet are low risk. Still, there are different plans to suit different needs of individuals and it could be a daunting task to choose the right one..People make long-term investments for mainly two reasons: wealth accumulation and to cater to future needs that would require a decent amount of expenditure. Here, we outline five long-term investment plans to make it easy for you to decide which one suits your needs best..1. Mutual Funds.They are one of the most sought-after investment options. To filter it down, equity mutual funds are the top-rated among the available mutual funds. It's because they provide very high returns. But they also involve high risks. You can invest in mutual funds with a sum as low as Rs 500 a month..2. National Pension Scheme.A government-backed retirement-cum-pension scheme, it gives you the much-needed safety for your investment. Investing in this scheme will lead to wealth accumulation and provide a monthly pension when you retire. This investment qualifies for tax benefits. This scheme is particularly beneficial for those who do not have PF deduction from salary..3. Public Provident Fund.The PPF scheme is one of the best investment options for those who are risk-averse. You can operate this account even if you are not internet savvy by visiting a bank or a post office. A long-term investment option, it comes with a lock-in period of 15 years and gives an option to extend the plan in a block of five years. If you need a loan, you can avail it against your PPF balance. You are also allowed to make a premature withdrawal after the 7th year of opening the account. The interest earned on it is tax-free..4. Stock Market Investment.Stock market investment requires regular monitoring. The returns offered by this kind of investment are unmatched despite the introduction of taxes on long-term capital gains. You can spread the risk by creating a balanced portfolio and investing in different stocks..5. Real Estate Investment.Real-estate investment is a fine option for those who can spend a good amount of money at once for an excellent return in the future. The industry is regulated well and the introduction of the Real Estate Regulation and Development Act (RERA) has boosted this market. Also, it's one of the safest investment options for the long term.

Here Are The 5 Best Long-Term Investment Plans. Know All About Them

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