Top 7 Tips For Investing Money In 2024

Public Provident Fund (PPF)

PPF is a government-sponsored savings scheme designed to encourage long-term savings and investment. It provides tax-free returns and a guaranteed investment period of 15 years.

Equity Mutual Funds

These funds offer the potential for high returns over the long term but come with higher risk due to market volatility.

Debt Mutual Funds

Debt mutual funds invest in fixed-income securities like bonds and government securities. They provide relatively stable returns and are considered lower risk compared to equity mutual funds.

Fixed Deposits (FDs)

FDs are a traditional and secure investment option where you deposit a lump sum with a bank for a fixed tenure at a predetermined interest rate.

Gold Exchange-Traded Funds (ETFs)

Gold ETFs provide a convenient way to invest in gold without the need to purchase physical gold. These funds track the price of gold and offer a liquid and cost-effective way to invest in the precious metal.

Sovereign Gold Bonds (SGBs)

SGBs are government-backed bonds linked to the price of gold. They provide a fixed rate of return, are exempt from capital gains tax upon maturity, and offer the potential for appreciation in gold prices.