When you receive your salary, make sure to invest before you start spending. Investing for the future is a prudent decision. Fortunately, investing as a habit is very popular in India. Unfortunately, Indians have invested primarily in gold and fixed deposits. There are many investment options that are better than gold and fixed deposits. Gold has barely gained any value in the last few years while fixed deposits yield around 6.5% before being taxed.
Mutual funds are a great option to invest in. There are different types of mutual funds that are ideal for different durations of investment with varying levels of risk.
Mutual Fund: Short Term
Mutual Fund: Mid Term
Mutual Fund: Long Term
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