Shreyaa Kapoor Instagram – Compounding isn’t called the 8th wonder in the world for nothing! 😅
As you can see from the example shared in the video, if someone starts investing at 21 and stops at 30, he/she will still have more funds than someone who starts at 30 but keeps investing until 67!🫶🏼
If you are looking for beginner friendly investment options, here are my top 5 picks! 🌱
-Public Provident Fund (PPF): PPF is a government-backed savings scheme offering secure and attractive returns. The current interest rate is around 7.1% per year, and the investment is tax-exempt under Section 80C. With a 15-year lock-in period, it’s ideal for building a retirement corpus.🫶🏼
-Mutual Funds: Mutual funds pool money from various investors to invest in a diversified portfolio managed by professional fund managers. Equity mutual funds typically offer returns ranging from 10% to 15% per annum over the long term, while debt mutual funds offer 6% to 8% per annum, depending on the fund type and market conditions.🙌🏼
-Index Funds: Index funds replicate the performance of a specific market index, such as the Nifty 50 or Sensex. They are low-cost and passively managed, providing average returns of about 10% to 12% per annum, aligning with the overall market growth.🌟
-Gold ETFs: Gold Exchange-Traded Funds (ETFs) allow you to invest in gold without the need to physically hold the metal. They offer returns that track the price of gold, averaging around 8% to 10% per annum over the long term, depending on market conditions.⭐️
-Corporate Bonds: Corporate bonds are debt securities issued by companies to raise capital. They offer higher interest rates compared to government bonds, with returns typically ranging from 7% to 9% per annum. Investing in bonds from well-established companies can mitigate credit risk.🙏🏼
Share this with all your friends to spread the word!❤️
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[compounding, personal finance, finance tips, index funds, mutual funds, stocks, stock market, compound interest, personal finance hacks, money] | Posted on 18/May/2024 20:00:17
