Investment plans are essentially financial instruments that help create sustainable wealth for the future. Various investment plans in India enable us to invest our savings in various money market products in a disciplined and regular manner to achieve our financial goals.

Overall, investment plans provide the much-needed benefit of maximizing our savings through systematic, long-term investments and creating wealth for the future. The first step towards an investment plan in India is to assess your risk profile and financial needs, and then choose an investment plan that suits your needs. Some of the investment options in India are:

• Unit Linked Insurance Plans (ULIPs)
• Monthly Income Plans (MIPs)
• Public Pension Funds (PPF)
• Open-ended mutual funds
• Sukanya Samriddhi Account
• Senior Citizen Savings Scheme (SCSS)
• Tax Saving Time Deposits

With these and many other investment plans, you need to research thoroughly and then choose investment vehicles that offer long-term sustainable profits, tax saving opportunities and capital appreciation. Various investment plans in India can work for you.

Factors you should consider when choosing investment plans include

Monetary goals
Before choosing an investment plan, you should first consider your long-term and short-term financial goals. These goals can be anything from marriage and education to foreign travel and new smartphones, and keeping such financial goals in mind will help you make an informed decision.

Planned upcoming expenses
When looking for an investment plan in India, an important step is to identify your planned future expenses, such as your child’s wedding and education or buying a home. This will give you a better idea of how much you need to invest now in order to generate sufficient returns later to pay for all upcoming expenses.

Current Expenses
Evaluating your current expenses is an essential part of finding the best investment program.

Financial Dependencies
When buying an investment plan in India, most people do not consider their financial dependencies. However, this is important as you need an investment or savings plan that is sufficient for your dependents’ financial goals as well.

Retirement Plans / Policy
A retirement policy or retirement plan is designed to meet your financial needs and requirements after retirement, including medical emergencies, household expenses and other living expenses. Investing in the best retirement plans is important to ensure your golden years.

Invest now
Retirement and annuity plans are financial tools that allow you to convert your hard-earned income into savings for your life after retirement. They come in a variety of forms to meet a variety of savings and investment goals and provide a financially stable retirement life.

Retirement & Pension Plans
Retirement is a time when you can finally relax and realize your long-held ambitions. However, if you are financially unprepared, this can be a difficult time. That’s why it’s in your best interest to consider a pension plan, also called a retirement plan, and understand how important it is at a young age. If you do, you will have more time to save for your retirement. A retirement plan is a pension fund that you build up over your lifetime to provide a source of income. It is an investment that grows through regular contributions. So, if you provide for your retirement early by taking out the best pension plan in India, you can secure a substantial capital.