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With the celebrations and festivals of welcoming New Year 2023 are over, now people are looking for some of the best options in this financial year to save more on income taxes and at the same time as looking for some of the best investment plans to get the best of their money and stay relaxed. They are seeking some of the best ways that are financial stable and safe to invest with higher returns. There is no denying the fact that different investment plans fit on different investors.

Which one is the best might not suit the other – because of the financial goals and targets, financial situation and risk tolerance levels. Depending on your requirement, you have some better options. The Frames with the help of professional advisors and consultants has come up with some of the best options with details about investment duration, financial situation and on varied other key points. Here are some of the best investment options in 2023 for different kinds of investors.


Here Is the List of Best Investment Plans for 2023

  • Some of the Best Investment options are here with details about returns rate and other things
  • FD in a Bank – it is best for short-term investment with 3.5%-%PA return rates
  • NSC or National Savings Certificate – Suitable for 5 years with 6.80% PA return rates
  • Short Term Mutual Funds – best for 3 years with 6%-8% PA return rates
  • Ultra Short Term Funds – Best for 1 Year with 3%-5% PA return rates
  • Post Office Monthly Income Scheme – Best for monthly income with 6.70% PA return rate
  • Child Mutual Funds – Best for Child Future with 10%-15% PA market linked
  • Senior Citizen Savings Scheme – best for senior citizens with 7.60% PA return rates
  • Sukanya Samridhi Yojna – best for girl child with 7.60% PA return rates
  • National Pension Scheme or NPS – Best for retirement with 8%-10% PA market linked
  • Debt Mutual Funds – Best for Beginners with 7%-9% Market linked
  • Public Provident Funds – Best for long term investment with 7.1%PA return rate

Apart from the aforementioned options, you can also choose the best short-term investment options with higher return rate. These options are Liquid funds, Corporate deposits, Bank fixed Deposit, Recurring Deposits and post-office time deposits. You should keep in mind that mutual fund returns are based on historical growth rates; while returns from bank and post office deposits are average estimate of the prevailing rates. It is the right option for those looking for foreseeable returns. The plus point is that these schemes are known for offering good liquidity. If you want to invest from 3 to 5 years, the short-term investment options are ideal for you.

Investment Plans for 5 Years
There are different options to invest for 5 years. You have to choose the right one of your choice after knowing about the return rates and interest. Some of the best plans to invest for 5 years are the following:

  • Large Cap Mutual Funds, ELSS Mutual Funds and Arbitrage Funds 
  • Fixed Maturity Plans, Dynamic Bond Funds, and Income Funds 
  • Corporate Bond Funds, Tax Saving Fixed Deposits and Recurring Deposit  
  • Post Office Time Deposit, Post office monthly income scheme and national saving certificate  

These options are ideal for those who are looking for 5 years investment plan like National Saving Certificate, tax saving FD, and ELSS funds that are ideal for tax saving purpose. Investments in the scheme qualify for tax deduction under Section 80C of the Income Tax Act. You can also choose some of the best plans for 3 years or 1 year. You have to choose the right one according to your requirement and investment plan.

Choose the Best Investment Plan for Monthly Income
There are different investment plans for monthly income that are ranging from Mutual Funds (Systematic Withdrawal Plans), monthly income fixed deposit, post office monthly income scheme, senior citizen savings scheme, long-term government bonds, Pradhan Mantri Vaya Vandana Yojana along with Annuity. Monthly investment schemes are ideal for retired individuals, freelancer, or anyone who is seeking regular monthly income by investing in the monthly income schemes. You can choose the best debt scehemes that are known for offering guaranteed or stable returns. The risk associated with the returns is less.

Best Investment Plans for Child’s Future
There are a number of other options that you can choose according to your children and their future. Children’s mutual funds, mid cap funds, large and mid-cap funds, multi-cap/flexi cap funds, gold funds, international mutual funds, Public Provident Fund or PPF, and Sukanya Samriddhi Yojna are some of the best options for child’s future.

There are varied other plans for child girls and boys. You have to choose the best one. You can also choose investment plan after for retirement, for child’s future, and for varied other options. Before you start investment your hard-earned money, it will be better to consult with experts, know about the plans and get amazing benefits. Such schemes will also help you save on income tax. Consult with experts and you will surely get some of the best plans.

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TheFrames Team

TheFrames Team has versatile authors to write articles on any topic. They are continuously putting their efforts to put various Series on the website. They put 3-4 articles under each series.

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