Corona Ruined Investments, Invest Here And get Better Returns with Security

During the Covid-19 period, not only employment has been affected, but investment sentiment has also deteriorated.There is a lot of doubt in our minds at this time about where to invest in order to get a better return with security.
Image Credit: Youtube
Image Credit: Youtube

Taking out the fear of Corona, the government has started Unlock-0.1 Now people have started to get out of the house carefully. So now we have started looking for safe means of investment because saving for children's education, marriage, old age or any other purpose has to be done. We are going to tell you where to invest, and along with security, you will also get good returns.

Investment in Gold

Image Credit: Newz And Magazine Himachal Pradesh
Image Credit: Newz And Magazine Himachal Pradesh

Gold is considered a safe option for investors, which proves to be a very useful option in an environment of uncertainty or fear. During the last 3 months, there has been an outbreak of Covid-19 in almost all the countries of the world, not just in India. 3 months ago, that is, on 26 March 2020, 10 grams of 24-carat gold was being sold for Rs 42,170. The rate went up to Rs 48,250 on 26 June 2020. That means an increase of 14.41 per cent. If you had FD in SBI for such a day, you would have got less than 3% return.

How to buy gold

If you want to invest in gold, then avoid buying jewellery. Because it will include gold purity, making charge, and security concerns to avoid this, one should think about digital investment options. Your options include gold mutual funds, gold exchange-traded funds, and sovereign gold bonds (SGB).

Image Credit: The Economic Times
Image Credit: The Economic Times

In fact, the SGB is a great way to ensure that apart from the rise in the price of gold, there will also be a separate interest income that rises at a compound rate twice a year.

Fixed time deposit

As such, interest rates are constantly declining. But for investors who want to avoid market risks, the bank's FD and Recurring Deposit, or RD, are also a better option. Saving interest in these accounts gives more interest than the bank account.

Image Credit: DNA India
Image Credit: DNA India

Also, security is more than any other investment option. At this time there is some difference in the interest rate of every bank. Before you invest, see where you are getting more interest.

Small savings schemes

Image Credit: Business Line
Image Credit: Business Line

Small savings schemes of the central government, also called post office deposit schemes in common language, are also a better way of a safe investment. Small savings schemes like Public Provident Fund, National Savings Certificate, Senior Citizens Savings Scheme, Post Office FD, Sukanya Samriddhi Yojana, etc. get attractive interest rates. If you are a senior citizen, you can also invest in deposit schemes launched for senior citizens.

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