Investment is necessary to secure your future financially if you have have started earning money. It's better to start sooner than later since the early your financial planning is, the sooner you will get financial freedom. What can be a better option than to start investment journey in the beginning of the year. If you are already an investor, you can take resolve to increase your investment in the new year. 

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In the new year, you can start investing in scheme such as Post Office FD, popularly known as National Savings Time Deposit Account, systematic investment plan (SIP) and Kisan Vikas Patra (KVP).

While FD and KVP will give you guaranteed returns, SIP is market-linked, but it has emerged as one of the best nvestment options in the last few years to grow your money.

Know how you can you double your money through these options.

Post Office FD

If you want to double your money, you can choose the option of post office FD.

At present, the interest in the scheme is 7.5 per cent on a 5-year FD.

If you invest money in this for 5 years and extend this FD for another 5 years, i.e. continue for 10 years, your money will be more than double.

According to the post office calculator, if you invest Rs 1 lakh in it, then after 10 years at the rate of 7.5 per cent, this amount will become Rs 2,10,235.

KVP

Kisan Vikas Patra (KVP) is also one such scheme which promises to double your amount in a fixed period.

You can invest a minimum of Rs 1000 and in multiples of Rs 100 in the Post Office Kisan Vikas Patra Scheme.

There is no limit on maximum investment.

The good thing is that any number of accounts can be opened under this scheme.

Apart from this, you are also given the option to open single and joint account.

In this Post Office scheme, you get interest at the rate of 7.5 per cent. This scheme doubles your amount in just 115 months.

SIP

Systematic Investment Plan i.e. SIP is a market-linked scheme.

There is no guarantee as to when the amount will double.

But most experts believe that SIP gives better returns than other schemes in the long term.

SIPs have given an average return of 12 per cent in the last few years.

If you are investing a lump sum of Rs 1,00,000 in SIP, then at the rate of 12 per cent return, this amount will become Rs 1,97,382 in 6 years, which is almost double.

If you withdraw it after 7 years, you will get Rs 2,21,068.

If you want, you can also start monthly SIP of a fixed amount.

If you make a monthly investment of Rs 2000 every month, then you will invest a total of Rs 2,40,000 in 10 years, and after 10 years, you will get around Rs 4,64,678 at the rate of 12 per cent.