Best of Best - TOP 5 options for Investment

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Money Tips: 5 Investment Options That Will Help Millennials Grow

The interest for investing in share market has grown exponentially. With the digitization, investing in stock market has become accessible to everyone with a smartphone. While it might have gotten easier to start investing, the stock market is still a volatile space, and you need to know what you are getting into, said Shams Tabrej, Financial Expert, Founder and CEO, Ezeepay. Here are top investments experts recommend for the millennial generation to have in their portfolio when they start investing.While you must invest smartly and make your wealth grow, you must make the most of all the government's tax-saving options to its citizens. Invest in long term tax beneficial government-backed schemes like the National Pension Scheme or Public Provident Fund. These help you ensure you create a retirement corpus. The suitable Fintech applications help you with these money-saving options too.

Index funds
A safe investment choice that eliminates your chances of overperforming or underperforming in the stock market. This fund replicates the returns you would make in, for example, the NIFTY 50. However, it allows you to invest a smaller amount instead of the significant investments NIFTY requires. A safe way to make sure your money grows at a steady pace.



Mutual funds
These are managed by professional money managers who ensure you have a diverse portfolio. In a low-risk investment opportunity, you can invest a set amount on a monthly or yearly basis. Your money is managed by a professional, so while you do not get direct access to your portfolio, you ensure some per cent of growth in your investments.



Gold
Gold has seen an increase in its value through the years, a favourite amongst the old and new generations. While it is safer for millennials to invest in digital Gold due to apparent reasons, Fintech apps have made it a lot easier and faster to buy and sell Gold. Keeping Gold as a globally accepted favourite investment.





Bonds
The government and corporates tend to issue bonds every time they need to raise funds from investors. While some bonds give a regular interest amount to the investors, other bonds ensure the principal amount will be returned once the bonds mature.



Passive Investing
Strongly recommended for millennials who start investing early in life. The strategy used in passive investing is to maximize profits over a long duration while ensuring the invested amount is kept minimum. The goal of this is to build your wealth over the long term, and short term market fluctuations do not have a drastic effect on your investments.

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