Investment After First Job: The investment you make today is your best friend in bad times tomorrow. This is why everyone should give priority to savings and investment. Although many people do not pay attention to this. If they invest even a small amount from their monthly income, they can accumulate a substantial amount in the long run.
If you have just got a job, then it is very important for you to start investing. So that you do not face money problems in future. Let us know about some such investment options, where youth starting jobs can start their investment journey….
1. Public Provident Fund
Public Provident Fund (PPF) is a trusted government savings scheme. Under this, a good fund can be created in the long term by small investments. Investment in this scheme has to be made for 15 years and investors get about 7.1 percent annual interest on it. PPF can be a great investment option for youth who have got a job immediately.
2. Bank FD
Bank FD is considered a safe investment option. Youth should invest some part of their savings in bank FD. Firstly, it provides fixed returns and also your money remains safe. However, before making FD, one must get information about the interest rates of different banks. There may be difference in FD interest rates of different banks.
3. Mutual Fund SIP
Youth can add SIP while making their investment portfolio. SIP can be started with a small amount of Rs 500. Young people can create a big corpus by investing small amounts in SIP for a long time.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
Also read: This is how a fund of Rs 1.30 crore will be created with SIP of just Rs 7,000, know the complete calculation
