Sebanti Roy Chowdhury

Investment Options for Salaried Employees As a salaried individual, you have fixed and regular income. But you might have limited resources to invest after meeting your living expenses from your salary. Thus, you need specific investment options for salaried person that enable wealth creation through periodic investments fitting your budget. Before investing, you need to estimate the amount you can set aside for investments. You also need to assess your capacity to tolerate investment risks. Based on such parameters, some of the best investment plans for salaried employees are discussed here. ULIP ULIPs combine life insurance with investment. A part of your premium secures your insurance cover. The remaining goes into capital market instruments such as equity and debt schemes. Thus, the returns depend on market performance. But you can select your investment instruments as per your risk appetite. Also, you can switch between them with changing market conditions. Moreover, the premiums qualify for tax deductions under Section 80C. ICICI Pru Signature ULIP invests your entire premium into your choice of funds without any deduction. Thus, it increases your profit margin. Other advantages include: Return of specified charges at maturity, increasing your gains Extra units added to your funds for staying invested Four investment strategies to match your financial goals Flexibility to pay premiums at monthly, half-yearly, or yearly frequencies as per your resources Facility to encash some units regularly to supplement your salary Monthly Investment Plans It is an organized means of attaining financial targets by investing specific amounts at monthly intervals. ICICI Pru Lifetime Classic is one such plan. It lets you invest monthly to tap into the capital market’s inflation-beating return potential. Four investment strategies and a wide range of fund options help you tide over volatilities to reach your investment goals. Extra units added to your funds for long-term investments further boost your profits. Life Insurance One of the best investment options for salaried persons is protection plans against life’s uncertainties, such as term insurance. You have to pay the premium at monthly or yearly intervals as per your convenience. If an unwanted incident occurs, your nominee receives the investment benefits. The payouts can cover your family’s expenses in your absence. ICICI Pru iProtect Smart term plan offers sizeable life cover at affordable premiums. Coverage up to ₹ 1 crore start from ₹ 490 per month. You can also add riders for death due to accident and 34 critical illnesses for a nominal rise in the premium. These add-ons provide extra payouts, over and above your base sum assured. Endowment Plans Such life insurance plans increase your invested capital through assured additions or bonuses. Your money remains secure against market volatilities. The amount you receive at maturity can help you achieve your life goals such as children’s higher education and financial stability in retirement. Moreover, the assured sum your family receives in case of an unfortunate event shields them against financial shortfalls. ICICI Pru Lakshya Lifelong Income endowment plan provides regular income until 99 years of age. Thus, it ensures you never lack funds for your financial needs. Also, yearly bonuses ensure attractive returns. PPF  PPF offers tax-exempt interests at rates decided by the government, often higher than bank rates. Thus, it is a 100% safe investment option. You can invest up to ₹ 1,50,000 in a year, which is tax-deductible under Section 80C. The investment matures after 15 years, providing tax-free returns. NPS This market-linked Central Government pension scheme is suitable for all salaried employees, from public, private, and unorganized sectors. You have to invest regularly throughout your working years. During retirement, you can withdraw a specific percentage of the accumulated funds. The rest you must invest in an annuity plan that generates a fixed, regular income. Conclusion Your investment must align with your financial goals. Before committing to a scheme, assess your investment objectives. Understand the features of the best investment plans for salaried employees. Then select the one that best matches your needs. https://www.fincash.com/l/best-investment-options-for-a-salaried-person https://www.paisabazaar.com/mutual-funds/best-investment-options-salaried-person/ https://www.fincash.com/l/best-investment-options-for-a-salaried-person https://www.bajajfinserv.in/insights/just-started-working-here-are-few-investment-options-for-you https://www.policyx.com/life-insurance/articles/best-investment-options-for-salaried-persons/ https://www.policybazaar.com/life-insurance/investment-plans/articles/best-investment-options-for-salaried-person/ https://www.financialexpress.com/money/confused-about-investing-from-ppf-to-mf-top-8-investment-options-for-salaried-persons-in-india/-/ https://www.fincash.com/l/best-way-invest-money-india