It is difficult to decide to invest in low savings. Everyone wants advice about investing money.
After deducting all expenses from your earnings you will get your net savings.
Now it is difficult to decide what will be done of money or how to invest it, it is a big dilemma for every person who wants to invest less money and wants higher returns.
Many want a long-term investment, many want a short-term investment goal.
Each of us have many needs and desires. We need to divide it by priority.
Basically, our investments are depend on our short term or long term needs which are going to discuss in details:
1. Short Term Goals
Well short term investment goals are the goals you need invest within a year and you will get the return within a year. These are investments are for those who want to get a good return with in short period of time. Investing in the stock market is one of the best ways to get more return with in a short period of time.
Short Term Investment Funds:
There are many short term investment funds available in the market such as –
- ICICI Pru Ultra Short Term Fund – 25% based on your surplus per month.
- IDFC Ultra Short Term Fund – 25% Your Surplus per month.
2. Long Term Goals
Long-term investments are those investments that are made for up to minimum 5 years and goes up to 15 or 20 years. These are basically retirement plans – people invest in these funds when they are young and get the benefits or return in the old age. These are the best plans for retirees. You can also invest for 5 years or 10 years in these funds but the more you wait the more you earn.
Long Term Investment Funds:
Some of long term investment funds are –
- Canara Robeco Equity Hybrid Fund – 25% Your Surplus.
- UTI Flexi Cap Fund – 25% Your Surplus per month
How to reduce short duration tasks?
Well any short-term investment can be redeemed at any time whenever we want or as needed.
But any investment that invests more and more by the investor will give you higher returns.
But the short-term investment should be for at least 6 months.
Basically long term investment funds for long term goals which should be kept for at least 5 to 7 years.
The more you hold, the more returns you will get. For better returns you should hold your investment longer.