Which is the Safest Investment Options Where I Could Invest Money with Lesser Risks?

If you are looking for a higher return lesser risk investment, you will be happy to learn that there are many options in India. Some of the options that you have are as follows:

Bank Fixed Deposit

The tenure of a bank fixed deposit ranges from seven days to 10 years and with banks increasing FD interest rates, you can expect interest anywhere from 8 to 9%. However, the interest falls under taxable income. You can submit Form 15H/15G to avoid TDS on your fixed deposit. This Smart investment plan is ideal for small investors. 

Monthly Income Scheme

Month Income Scheme has a tenure of five years and offers expected returns of 8.4%. The interest is taxable. It is a safe investment option and you can invest anywhere from INR1,500 to INR4.5 lakh. The good news is that you can withdraw the interest amount on a monthly basis. 

Debt Mutual Fund

For investors looking for higher return lesser risk investment, debt mutual fund is perfect. There is no fixed tenure, but long-term investment reaps the best results. The expected return varies based on the fund you choose and most have had good returns historically. 

If your risk appetite is low, but you are still looking to grow your money, opt for these investment options.