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Whether you are self-employed or a salaried individual, putting your income into a valuable investment tool is a must. Starting investments early in your career can help you build a good corpus by retiring. Moreover, suitable investments help you build healthy savings and can help you achieve your financial goals comfortably. While it is ideal to invest in your early to mid-20s, there is no downside to starting later. So long as you invest in suitable options, you can ensure that your money’s value is not eroded through inflation.

The key to investing wisely, at any age, is planning your budget and choosing the best investment options for your short, mid, or long-term goals. You can make the most of your money when you invest according to your budget and goals. Generally, investing around 20% of your income is advised to build your wealth. But where should you invest? Here are some of the investment options for you to choose from.

Equity-Linked savings scheme 

Also known as ELSS, these funds are best known for the tax deduction benefit. Investing in this can get a tax deduction benefit of up to Rs. 1,50,000. It is applicable under section 80C. So, if you fall in the higher salary bracket, ELSS is one of the high returns investment options to help you save on tax. But remember that ELSS funds have a 3-year lock-in period, and you cannot use that money before the period ends. Moreover, ELSS is market-linked, and so there is some amount of risk involved when investing.

Employee Provident Fund

Available to salaried employees, EPF is among the smart investment tool when looking to build a sizable corpus for your retirement. You and your employer will invest 12% of your basic monthly salary here. You can also claim a tax deduction benefit under section 80C. Moreover, you may get a tax exemption benefit on your maturity amount and interest earned if you meet specific eligibility criteria.

Fixed deposits

Fixed deposits are among the safest investment, that are not impacted by market forces, for investors of any age. They are a great way to build wealth for short-term to mid-term goals. The FD interest earnings during the tenor are not affected by market volatility, thus offering secured returns. FDs are a great way to inject stability into your portfolio and allow you to enjoy positive returns with FD rates up to 7.75% p.a. Issuers also offer digital provisions to make investment and its management hassle-free. As a result, FDs are one of the best ways to ensure financial security.  

Mutual funds

Mutual funds are among the best investment options mainly due to their higher potential for profits. Here, your money is invested in either equity or debt funds or a mix of asset classes. While typically recommended for those with a long-term investing horizon, mutual fund investments are on the riskier side as they are linked to the market’s performance. While debt funds are less exposed to such volatility, adjustments will alter returns earned during the investment window. 


Gold is one of the traditional, and many still consider it one of the best investment options. Gold returns are linked to the market and are inversely linked to the equity market. It means that if the equity market takes a downturn, the gold market sees a rise. As a result, your gold investment can help you offset the equity risk, and your equity investment can help offset your gold investment risk. Moreover, the returns on gold investment are also higher and are something that can be passed down to generations.

Those mentioned above are some investments that you can choose from as a salaried individual. But before you invest, be sure to thoroughly assess your risk appetite, goals, and financial situation. If you want to invest in a low-risk instrument for your short to mid-term goals, you can opt for Bajaj Finance Fixed Deposit. This FD is among the safest and high returns investment options as you can get competitive returns and a flexible tenor of 60 months with a minimum investment of just Rs. 15,000. 

Your investment is also safe, as the issuer has both ICRA MAAA and CRISIL FAAA ratings. High ratings indicate that the issuer has a proven history of making interest payments on time. You can download the Bajaj Finserv App to start investing in just a few clicks.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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