new Delhi. Earlier, decisions related to financial matters in the family were often taken by men, but now the perception is changing. Women are not only becoming more financially literate, but are also playing a big role in the matters of investment and savings.
If you are also thinking of starting a new investment and saving for yourself, then it can be started on March 8 on the occasion of International Women’s Day. TradeSmart CEO Vikas Singhania explains how women should start and manage their investments.
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Diversify your portfolio
Women should invest 50% of their total investment in equities which includes both shares and mutual funds to get higher returns. Apart from this, 20 percent of the amount should be invested in debt options and FDs, while 30 percent should be invested in gold. A better option would be to put in the market the number of marks that come after deducting your age from 100.
Not more than 5% investment on a single share
Women investing in the stock market should not invest more than 5 percent in a stock. If we look at the long scenario of 20 years, the market has given returns of more than 15 percent. You can also invest in equity through the SIP option of mutual funds.
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Every form of gold is strong
Apart from buying physical gold, you can also invest in sovereign bonds and other schemes issued in digital form by the government. Sovereign bond is cheap and double returns are also available on it. With the current market price of gold on maturity, an interest of 2.5 percent will also be available.
PPF gives long protection
By investing in PPF, you will not only get fixed interest annually, but you also get tax exemption in it. You can invest a maximum of Rs 1.5 lakh in PPF every year. At present, 7.1 percent interest is being given by the government. Its maturity is in 15 years.
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KVP will double the money
Kisan Vikas Patra (KVP) is an attractive investment scheme offered by the post office. It can also be invested through SIP, whose maturity is now completed in 9.5 years. The government is currently paying 6.9 percent interest on KVP.
Strong interest is also getting on NSC
Women looking for safe investment option should also invest money in National Savings Certificate (NSC). At present, interest of 6.8 percent is being received from the government on this. Tax exemption is available on this. At present, it can be invested for 5 years and 10 years.
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FD has always been a better option
FDs have always been the preferred option for a safe investment. Women can invest in Bank FDs or Corporate FDs. Corporate FDs offer higher interest rates than bank FDs, but are somewhat riskier. FD can also be opened in the post office for 1, 2, 3 or 5 years.
Tags: 7 things are important for investment declaration, International Women’s Day
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