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Investments Options Other then Share Market: Amid the decline in Indian stock market, CA Abhay Pratap has advised to invest in post office FD, National Savings Certificate Scheme and Hybrid Mutual Fund. These options …Read more
CA Abhay Pratap
Highlights
- Invest in post office plans amid the decline in the stock market.
- Investment in hybrid mutual funds can provide good returns.
- Invest in Post Office FD and National Savings Certificate Scheme.
Jhansi: The Indian stock market has been on a decline for the last 2 months. Stability is not visible yet. People are constantly facing loss. There are many other places to save money slipping from hand. Money can also be invested in these places. Local 18 has known from CA Abhay Pratap that people can invest money. CA Abhay Pratap said that along with the stock market, people can invest money in various schemes of post office.
CA Abhay Pratap said that in the post office FD you can invest your money for different periods. In the National Savings Certificate Scheme of the post office, you can invest your money for a period of 5 years. In this scheme, you get a return at the rate of 7.5 percent. If you invest Rs 5 lakh for a period of 5 years in the Post Office FD, then you will get a return at the rate of 7.7 percent.
Invest here during the upheaval era
CA Abhay Pratap said that investors can choose the path of investment in hybrid mutual funds. The asset Underumnament (AUM) of hybrid funds reached a record level of Rs 8.61 lakh crore in August this year due to the rapid growing trend of investors. Let us tell you that hybrid funds invest in two or more asset classes, which usually includes commodities like gold and silver, in addition to equity and date. These funds work on diversification and asset allocation strategy to balance risk and returns. This gives investors a great return on their investment in the upheaval market.