- Fixed Deposit
The fixed deposit is a sound instrument that does not get affected by dynamic market movements. The interest rate applicable at the time of booking an FD is maintained throughout the chosen tenure, making it easier to estimate the returns at maturity. This is a perfect tool to invest in to fulfil financial goals. It is one of the safest investment options available to date. Here the investor need not worry about losing the capital at all. Bajaj Finance offers fixed deposits at interest rates up to8.65% p.a. (NBFC) also offers fixed deposit facilities. But since Bank FDs are backed by the central government, they are extremely risk-free. A few key highlights of the FDs are given below:
- Low minimum investment amount
- Flexible tenures
- Periodic payout option
- Online account management and booking facility
- Loan against FD facility
- High-interest rates
- Attractive returns
Click here to calculate your returns on FD usingFD calculator.
- Systematic Deposit Plan
TheSystematic Deposit Plan(SDP) is offered by Bajaj Finance. This is an industry-first monthly savings plan, perfect for young investors to start saving. You can start investing with as little as Rs. 5000 per month. Each deposit made goes towards making a new FD, which grows over time generating a handsome amount at maturity. The Systematic Deposit Plan (SDP) has two variants, the Single Maturity Scheme and the Monthly Maturity Scheme. The difference between these two is the payout frequency and the number of deposits.
The Monthly Maturity Scheme is a monthly income scheme where the investor gets the payouts every month. Every separate deposit made during the selected tenure matures at a different date like separateFDs. The tenure chosen applies to each deposit that you make. You can choose to make between 6 and 48 deposits throughout a flexible tenure of 12 to 60 months. This monthly income scheme helps you get a regular income. You can estimate your earnings even before you invest by using theMonthly Maturity Scheme calculator. This SDP calculator can help you plan your finances. This is one of the best monthly saving plans which can help in generating a regular monthly income to fund periodic expenses like rent, paying EMIs, etc.
Calculate your returns with theSDP calculator.
After going through these top 4 investment avenues, young investors can now make a well-informed investment decision to grow their wealth steadily.
Frequently asked questions
How can youngsters start investing?
Youngsters can start investing by choosing a suitable investment option that aligns with their financial goals. Bajaj Finance Fixed Deposit (FD) is a safe investment option that offers high and attractive returns with flexible tenure options ranging from 12 to 60 months. Investing in FD with Bajaj Finance is easy, and consumers can track the investment online. As a trusted brand with a stable and reliable reputation, Bajaj Finance offers investors a chance to grow their wealth and achieve their financial objectives. In conclusion, FD can act as a good investment option for young investors looking for a safe, stable, and high-return investment option.
Can I start investing at 25?
Yes, 25 is a great age to start investing. Starting early offers investors a longer time horizon to compound returns, enabling them to achieve higher returns with relatively lower risks over the long term. Young investors can start with risk-averse investment options like fixed deposit, mutual funds, and Systematic Deposit Plan, which offer lower risk and help balance their overall portfolios. Additionally, investing regularly in small amounts will add up over time, creating a powerful investment portfolio. By consulting financial advisers, young investors can create a sound investment strategy and achieve their financial goals over the long term.
Which are the safest investments for youth?
When it comes to investing, young investors often prefer safe and reliable investment options. The safest investments for youth include fixed-income options like mutual funds, bonds, and fixed deposits that offer predictable returns with lower risks. Bajaj Finance Fixed Deposits offer a safe and secure investment option with the highest safety rating of CRISIL AAA/STABLE and [ICRA]AAA(Stable). With flexible tenure options, ranging from 12 to 60 months and high returns up to8.65% p.a. Bajaj Finance FD is a perfect investment option for young investors looking for a stable and high-return investment option.
What is the Digital FD offered by Bajaj Finance?
Bajaj Finance has launched a new FD variant called "Bajaj Finance Digital FD" for a period of 42 months. Bajaj Finance is providing one of the highest interest rates of up to 8.65% p.a. for senior citizens and for the customers below the age of 60 they are providing up to 8.40% p.a. The Digital FD can be opened and managed only through the Bajaj Finserv website or app.
How can youngsters make a 1 crore portfolio in 5 years?
Youngsters can make a 1 crore portfolio in 5 years by allocating investments across multiple assets and focusing on creating a diversified portfolio. They can consider investing in high-performing stocks, mutual funds, exchange-traded funds (ETFs), and other similar investment options but are subject to high risks. The risk-averse investors may consider investing in debt mutual funds, fixed deposits (FD), and Systematic Deposit Plan (SDP) for lower risk and steady growth. Regular investments, selecting the right asset mix, and reviewing investment portfolios quarterly are vital for compounding returns. Consulting a financial adviser can likewise help in making efficient money management decisions.
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