Did you just try the nps returns calculator and weren’t satisfied with the returns the traditional methods of investing in pension schemes offer? Well don’t worry there are many other ways to invest your monthly salary. However, it is important to choose the right opportunity. We have come up with a list of different ways to invest your monthly salary:
- Employee Provident Fund
The Employee Provident Fund (EPF) is one of the best options for long-term investments. It’s an employee-funded retirement plan in which you can invest your monthly salary. As you contribute to the EPF, you will get a matching contribution from your employer. The interest earned on the EPF corpus is taxed at a flat 10% rate.
Gold is another option for long-term investment. Gold is attractive because it has a much higher return over time compared to other financial assets. Gold has been used as a form of money and store of value ever since it was discovered more than 5,000 years ago! Gold also provides a steady stream of income over time as well as during crises when other investments may face losses.
- Mutual fund
Mutual funds are investment schemes that offer shares in companies and other firms. In return for investing in them, you can earn returns from the investments of other investors as well as from the company itself. You can also get dividends from the company once it has made profits or when you sell your shares in the mutual fund scheme.
Mutual funds are one of the best ways to invest your money, because they can invest in a variety of assets. You get diversification, which makes them safer than individual stocks or bonds. They also have lower costs and higher returns than other investment options.
Mutual funds are a good investment option for people who have relatively little money to invest. However, while investing in mutual funds there are various different strategies you can follow. If you want to earn high income, then you can choose aggressive mutual funds. Some funds are also suitable for long-term investments.
Mutual funds are very safe and reliable because they are managed by professionals and experts who have a lot of experience in investing. Mutual funds can be very useful for people who don’t want to get their hands dirty with the details of investing, but still want exposure to different types of investments. You can buy a mutual fund that invests in stocks and bonds, or even stocks and bonds together. If you don’t know much about investing but think this might be something you’d like to try later on down the road, mutual funds are a good option because they require little effort on your part — just pay them a set fee each year and let them do their thing!
- Real estate
Real estate is an investment option for people who want to make a long-term investment and not just get short term gains from their investments. You can own a property with a small amount of money or you can also buy a bigger apartment or house if you have enough money to buy them now! A property owner is entitled to a rental income for his building or land, which he can use for making profits or paying off his mortgage payments. One of the downsides of real estate investment is that since it is a long term ivnestment your money will be locked in for a long time. Hence only invest whatever money is left after taking care of the necessary expenses. You can use a ctc calculator online to find out your monhtly salary and then you can make a list of your expenses. After subtracting these two whatever is left you could invest in real estate.