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Which is the best investment in India for middle class?

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Which is the best investment in India for middle class?

Public Provident Fund (PPF) is a popular investment option offered by the government. One can invest up to Rs 1,50,000 a year while a minimum of Rs 500 a year is needed to be invested. It is covered under Section 80C of the Income Tax Act, 1961.

How is it lucrative for the middle class in India?

Answer: The tax benefits, higher return rates and the liberty of choosing between different funds, all work in favor of ULIP as the go-to financial instrument for one and all. The lower-risk fund options makes it an easy choice, especially for the middle class.

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Which is best for investment in India?

Now, let us take a quick understanding of each of the best investment options with high returns in India 2021 one by one:

  • Unit Linked Insurance Plan (ULIP)
  • Public Provident Fund (PPF)
  • Mutual Fund.
  • Bank Fixed Deposits.
  • National Pension Scheme (NPS)
  • Senior Citizen Savings Scheme.
  • Direct Equity.
  • Real Estate Investment.

Can a middle class person invest in stock market?

Stocks are Safe: The middle-class investor has loads of demands, and rightly so because the funds invested into the stocks could have been clipped from their children’s education fund, from their plans of building a home or some special fund created for a contingency.

Which business is best in India for middle class?

Top 25 Business Ideas

  1. Fast-food outlet. Food items are considered to be the most attractive option.
  2. Stationery shop. The demand for a few stationery items like pens, paper, office supplies, etc., is never going to be less.
  3. Jams and sauces.
  4. Pickle and papad.
  5. Tailoring services.
  6. Beauty salon.
  7. Thrift store.
  8. Garage.
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Which investment is best for middle class family?

Which Is The Best Investment Plan In India For Middle Class?

  • Public Provident Fund (PPF) PPF is one of the most popular investment options among the lower-and-middle-class section of the Indian population.
  • Mutual Funds.
  • National Pension Scheme (NPS)
  • Fixed Deposits.
  • Unit Linked Insurance Plans (ULIPs)
  • RBI Bonds.

Which business is most profitable middle class?