If you want to start investing in the new year, then start preparing for it now. This is the right time to evaluate your money and bring it into the investment for the future. To invest in the new year, you should consider several options. One cannot expect too much risk and returns from investing in one option. In this news, we are talking about some such investment options, which may be favorable for you by 2020.
1. Debt Fund Debt funds offer higher tax returns than fixed deposits, in which you can withdraw your money if needed. Like fixed deposits, debt funds also offer several investment options. There are debt funds for a period ranging from one day to 10 years. Overnight funds are the best option if you want to invest your money for 15 days. For tenures between 15 days to 1 year, there are liquid funds. Similarly, for 1-year to 3-year, short-term debt funds are the best option.
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2. Equity Mutual Fund If you want to deal with inflation in the long term, then equity mutual funds should be a part of your portfolio. Financial planners say that the proportion of equity investment in your portfolio should be less than 100 of your age. Also, if you are 30 years old, you should invest 30 minus 70% out of 100% of your assets in equity. As you get older, gradually reduce your risk in equity.
3. Gold Gold is a great investment option for your portfolio. Currently, it cannot outperform equities in the long term. Gold is considered a safe investment option, so people want to invest in gold during the economic downturn.
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4. Real Estate It is the most preferred investment option for Indians. Real estate also gives you a regular income if you use it for rental purposes. Property can be mortgaged to take a loan in an emergency. Apart from buying a flat or buying land in an apartment, one can invest in a real estate investment trust. Although you can buy shares of real estate companies, however, there is a risk.