I am a small business owner and want to know about some helpful investment schemes.
Some top schemes for small business owners are :
Fixed deposits or FDs are the safest investment option for a small business owner.You just have to deposit a fixed amount of money for a period of time at a fixed rate of return.You can invest from Rs. 25,000 and have the option to choose the tenor.
NSC is a scheme which is backed up by the government which guarantees returns along with tax savings.A minimum of Rs. 500 can be made in NSC and there is no maximum limit.
Personal Provident Fund or PPF is a scheme by the government and is completely tax-free.It can be opened in a bank or post office and you can invest the money for nearly 15 years.The minimum yearly investment is Rs. 500 and the maximum can go up to Rs. 1,50,000.
Equity Linked Savings Scheme or ELSS is a tax-saving mutual fund that allows an investment from Rs. 500 till no particular limit on investment.
Investing in mutual funds is also a good option as it helps you to balance risk and return as per your preference.You can also start with a systematic investment plan (SIP) which is the safest way to invest in mutual funds which helps you earn better returns.
Choose a scheme based on your requirements.