There's no single best investment option suitable for all salaried individuals. The choice depends on your financial goals, risk tolerance, and investment horizon. You can consider options like mutual funds, provident funds, stocks, real estate, and fixed deposits.
The 50/30/20 rule of budgeting suggests that 50% of your income should go towards needs, 30% towards wants, and 20% towards savings and investments. However, you can adjust these proportions based on your circumstances and financial goals.
Fixed deposits are a safe investment option that offers guaranteed returns. They're an excellent choice for risk-averse investors. However, the returns may not beat inflation over the long term.
Equities can provide high returns, but they also come with higher risks. Salaried individuals with a high-risk tolerance and long-term financial goals might consider investing in equities.
Diversification is crucial in mitigating risk and ensuring stable returns. A balanced portfolio of various investment options can help navigate market volatility.
Yes, salaried individuals can invest in real estate. However, it requires substantial capital. One can also consider Real Estate Investment Trusts (REITs) which allow investment in real estate with a smaller amount.
Gold is a traditional investment in India that can act as a hedge against inflation. It can be a part of a salaried person's investment portfolio but should not be the sole focus.
Common mistakes include not setting clear financial goals, not starting to invest early, not diversifying investments, chasing quick returns, and not reviewing and rebalancing the portfolio regularly.
Insurance provides financial protection against unforeseen circumstances. Health insurance covers medical expenses, while life insurance ensures financial security for dependents in case of the policyholder's untimely demise.
Salaried individuals can plan for retirement by investing in retirement-specific funds like the Public Provident Fund (PPF), Employee Provident Fund (EPF), and National Pension System (NPS). Starting early, consistent investing, and increasing contributions with rising income is key to building a substantial retirement corpus.
Get immediate income payout after 1 day of policy issuance^
Guaranteed# Income
Life Cover across policy term
Lumpsum Benefit at policy maturity.
Get:
₹33.74 lakhs~
Pay:
₹10K/month for 10 years
ABSLI Nishchit Aayush is a non-linked non-participating individual savings life insurance plan (UIN No 109N137V12)
~ Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,20,000 (Exclusive of GST.). Annual Income of ₹ 42,360 (42,360*40= 16,94,400) + Maturity Benefit (₹16,80,000)= ₹ 33,74,400
^ - Provided 0 year deferment & Annually in Advance payout frequency is chosen at the time of inception of the policy. Annually in Advance payout frequency is only available in "Annual" premium payment mode.
#Provided all due premiums are paid
*Provided all due premiums are paid
The advertisement is designed for combination of benefits of two or more individual and separate products named ABSLI Salaried Term Plan, ABSLI Guaranteed Annuity Plus, ABSLI Vision LifeSecure Plan and ABSLI SecurePlus Plan. These products are offered for sale individually and without the combinations offered as suggested. Some benefits are guaranteed and some benefits are variable with bonuses based on the future performance of the participating business and economic conditions. The customer is advised to refer to the detailed sales brochure of each respective individual product mentioned hereinabove for complete details on risk factors, terms and conditions before concluding a sale.
ADV/3/23-24/3766
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