5 Best & Low-Risk Instruments of Investment to Consider In 2023
Come new year, and you are awarded the perfect opportunity to plan our financial landscape for the next 12 months. And this means looking for suitable investment options that fit your financial goals. Online fixed deposits, crypto assets, company shares, treasury bills- there is an abundance of investment opportunities, one better than the other.
But, with every investment choice comes considerable risk. If you’re just beginning your investment journey and looking for low-risk opportunities, you’re in the right place.
Here’s a list of the top 5 best low-risk investment instruments to help your money grow this year.
Public Provident Fund (PPF)
This is a long terms investment instrument that allows you to earn high and stable returns. PPF features a mandatory lock-in period of 15 years. However, in case of an emergency, partial withdrawals are permitted.
FDs are not dependent on market trends, making them low-risk and reliable investment instruments. Further, they are easy to open, with most banks moving their operations online Fixed deposits enjoy immense popularity because of the steady returns they deliver.
The central and state governments issue these in the form of treasury bills, notes, and bonds. Since the Government of India backs them, these are considered risk-free, making them ideal for investors looking for safe investment avenues.
Equity Index Funds
Are you looking to invest in the stock market? Equity index funds are an excellent place to start. These are diversified, passively managed funds that track a market index such as BSE Sensex and the NSE Nifty, making them less volatile than other instruments.
The last one on our list is one of the most common low-risk investment instruments. Mutual funds are professionally managed funds that contain a diverse mix of securities. The degree of risk depends on the type of assets in the portfolio. So, choose your mutual funds carefully before investing.
When you work so hard to earn your money, why let it sit idle when you can make it work for you? So, check out these top 5 low-risk investment instruments to build your funds and make your 2023 financial slate shine!
Many financial institutions can help you in this journey. But one, in particular, is IndusInd Bank. With their superior customer service and ease of operation, you can manage your finances from anywhere by simply logging in online. Fixed deposits or mutual funds- whatever you choose, IndusInd Bank helps you meet your financial goals with ease.
To learn more, visit their website today!