InvestorQ : What are the best assets to invest in for 2021?
Suresh Patil made post

What are the best assets to invest in for 2021?

Nitin Shah answered.
6 months ago
You can see 2021 as the year of new opportunities, and hence we can explore various investment options. These are some of the suitable investment options that could help you to attain your investment objectives while providing better returns:

Equity mutual funds: You can invest in equity-oriented mutual funds. The best thing about investing in mutual funds is that the risk gets minimized while you can enjoy the benefit of better returns.

National Pension Scheme (NPS): This is an investment available for your old days and can be a perfect retirement plan. You also get tax benefits on investing under the scheme. Returns under this scheme are also attractive.

Bank Fixed Deposit: This investment is generally suitable for investors that are looking for an investment option with the lowest risk and higher returns are not a compulsion for them.

Direct Equity/ Stocks: For this investment, you need to have professional knowledge or you can get some professional assistance. Risk under this type of investment is high as market trends can be difficult to grasp sometimes.

Public Provident Fund (PPF): This scheme is ideal for individuals with a low-risk appetite. Since this plan is mandated by the government, the financial interest of investors gets protected.

Senior Citizens Savings Scheme (SCSS): This is a government-backed scheme offered to Indian residents over 60 years. The deposit under this scheme matures after a period of 5 years, and the interest rate varies according to market rates.