A lot of people are found to be considering the LIC of India Insurance Policies as the best option to invest their hard-earned money. It is the assured returns that it can provide them that makes them the favorite for the common people. Most of the people are not aware that there are a lot of other similar investment options that are available for them. Here we are providing a quick look on some of the best options that you can try to invest your money in the best possible way.
Real Estate investment is one of the most popular investment in India that is getting more preferred by a large number of people now. Having a belief that the money that you invest on land will not go in vain in any case, people are largely investing money in the real estate now. So, if you are planning for a long-term investment you can have this option available for you. Another good option on which you can invest your money is the Public Provident Fund. Starting from 500 INR you can invest up to a maximum of 1,50,00 INR in the PPF. This is also a long-term investment which requires the investors to pay for a minimum of 15 years.
Investing in the Post Office Savings is a good option if you want to try for an investment of 5 years. The minimum amount that you can invest in the POMIS is 1,500 INR and the maximum is 4,50,000 INR. There are also options like Mutual Funds and Equity Shares that can provide you with a good level of profit for your investments. You can select any one from these options depending on your requirement.