When investing for the long run, one\nneeds to be patient as the true returns are only realised after some time. However,\nthere are several upsides to investing your money for an extended duration: <\/p>\n\n\n\n
An investment made for at least 5\nyears can be considered a long-term one. They are predominantly made for the\nfollowing reasons:<\/p>\n\n\n\n
While there are many instruments available for making long-term investments, there are some top plans that offer the benefit of wealth accrual along with the benefits of high market returns in India. Let\u2019s take a look at the top long-term investment plans in India in 2023.<\/p>\n\n\n\n
Public Provident Fund<\/strong><\/p>\n\n\n\n This is one of the most common long\nterm-investment instruments in India. The PPF account assures an annual\ntax-free investment of Rs. 1,50,000 for every citizen of the country. It is a\nsafe and tax-efficient tool. There is an assurance of a fixed amount of return\nwith zero risks. In case of an emergency, a partial withdrawal, after the\ninitial lock-in period of 5 years can be made.<\/p>\n\n\n\n Gold <\/strong><\/p>\n\n\n\n Presently, the rate of gold has shot\nup to almost Rs. 41,000 per 10 grams. Gold is an appreciating long-term\ninvestment and Indians have been investing in gold since time immemorial. It is\na traditional but successful way of accruing wealth in the long run. Gold\njewellery is one of the most common ways of investing in this asset. But, one\ncan also invest in gold through Gold ETFs, Sovereign Gold Bonds, Gold Deposit\nSchemes, Gold Mutual Funds, etc.<\/p>\n\n\n\n Real Estate<\/strong><\/p>\n\n\n\n Instead of paying monthly rentals, get a home loan<\/a> and create true lifelong wealth for yourself and your family. It is a good idea to invest savings in the real estate sector in 2023, given that the market is at a low presently. Apart from investing in purchasing a home, one can also look at other property investment options. As real estate is an appreciating asset, buying more than one property is a good idea for generating long-term disposable income.<\/p>\n\n\n\n Additional Read<\/strong>:- 5 Reasons Home Loans are Going to be Big in 2020<\/a> <\/p>\n\n\n\n Mutual Funds <\/strong><\/p>\n\n\n\n Mutual funds<\/a> are a good long-term investment as they offer attractive rates of return with a lower risk than investing in the stock market. They are available for people with both high and low-risk appetites. There are 3 broad categories of mutual funds:<\/p>\n\n\n\n If you have a stomach for high risk,\nthen investing long-term in an equity mutual fund will give you the highest\nreturns. If you are a low-risk taker, then investing in a debt mutual fund will\nappeal more. If you are somewhere in the middle, then investing in balanced\nmutual funds might be the answer for you. <\/p>\n\n\n\n Government Bonds<\/strong><\/p>\n\n\n\n These are bonds issued by the\nGovernment of India that pay a periodic interest amount, also called coupon\npayments, on the invested principal. For example, the National Savings\nCertificate is a type of government bond that currently pays its holder an interest\nrate of 7.9%. One can avail a tax benefit of up to Rs. 1,50,000 at the time of\ninvesting in this instrument under section 80C of the ITA.<\/p>\n\n\n\n Additional Read<\/strong>:- Top Trends in Home Loan Industry<\/a> <\/p>\n\n\n\n Final Thoughts<\/strong><\/p>\n\n\n\n Individuals need to have cash beforehand for investing in instruments such as the PPF, MF, gold bonds and government bonds, whereas investing in real estate only requires one to have a stable income. Availing housing finance also provides home loan tax benefits. Invest in real estate by approaching Tata Capital for a housing loan. Visit our website and use the free home loan calculator or home loan EMI calculator<\/a> to figure your home loan eligibility<\/a>. Our EMI calculator for home loan can help you avail of our competitive home loan interest rates<\/a>.<\/p>\n\n\n\n\n