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Fixed Income Plan

Securing Future, by securing a surplus.

Investments can get complicated for some. An income that is hassle-free, with less risk soothes those who have never invested before and are therefore sceptical about taking those decisions. A Fixed deposit, in that case, is a type of fixed income plan investment that boosts savings to actively meet short and long-term goals. It is simple and gives returns worth investing.

Some of the benefits of fixed deposits are as follows

  • Guaranteed return– Fixed deposits guarantee returns. This comes as a sign of relief to the investor who can be sure of the fact that his money is not going anywhere. Although not all banks give the same rate of return on their FDs, there is no chance for things to go wrong with an account.
  • Easy liquidation– Fixed deposits is one of that fixed income investment plan which can be converted into cash with ease. In times of emergency, a fixed deposit can be dissolved and money can be reimbursed.
  • Safe Investment– Returns from fixed deposits do not depend on market fluctuations. This means the holder can be assured of the money promised by the end of the maturity period. Because of this, fixed deposit becomes one of the best fixed income plan or regular monthly income plan investments.
  • Loan against fixed deposit– Having a fixed deposit is a dependable instrument of investment for fixed income plan. It is convenient for the holder to take a loan against fixed deposit during times of crisis because of the surety of returns at the stipulated time
  • Flexible tenure– Unlike other investments, a fixed deposit is that fixed income plan which does not have a specific lock-in period. The choice of duration lies from 7days to 10 years. With this being in the hands of the holder, it becomes a flexible, go-to option if there is a concern of lock-in periods.

The only pre-condition is that in case you end up redeeming your amount before the stipulated timeframe, the bank is liable to pay you your principal amount only. You will be expected to forego the returns because the term is not complete. In other words, if you have invested Rs.50,000 and are liable to receive Rs.70,000 by the end of the year, but you end up redeeming the amount before that period, the bank is liable to return the Rs.50,000 to you and let go of the Rs.20,000.

Being fully aware is the first step while taking any financial decision. In that case, a fixed deposit account, much like a savings account (but with better return), ensures that you get back everything you put in and more.

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Call to get help from an expert.

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or call us at 997 100 9292

Best Investment Plans for Fixed Income

Here’s out top pick of the best investment plans for fixed income for the year 2021.

Retirement Plans

A retirement scheme is an insurance cum investment plan. Here’s how it works, the insured pays regular premium to the insurance company over the policy tenure. The corpus so build is used to make regular pay-outs to the insured in the form of annuities. However, if the insured dies during the tenure, his/her beneficiary becomes entitled to get the sum assured. So a retirement plan is a very effective tool to provide an individual a regular source of money when there are no more pay checks for him/her. Connect with our retirement financial advisor to know how you can invest in the best fixed income plans with maximum and secured returns.

Bonds

Ever wondered from where do big corporations and government bodies get funds for their colossal projects and set ups? Well, they ask people like you and me to lend them the money. Once you do that, you become the creditor and in lieu of that, the corporation/government issue you bonds. Holding government bonds or corporate bonds can help you to make great savings for the future. In this case, the corporation/government becomes liable to pay you a sum of money (as per the profits made) at regular intervals. In addition, you also get the principal loan amount at maturity. The key to get the most out of bonds is to hold the bonds till maturity.

Monthly Income Plans (MIPs)

Another valuable fixed income plan investment avenue is MIP. It is a debt oriented hybrid mutual fund which provides the insured with periodic pay-outs every month. Being a market linked product, the returns yielded by MIPs are not
guaranteed. Rather, it depends upon the fund performance. MIPs are quite a hit among conservative investors as an ideal option to beat inflation while exposing the funds to minimal risk. The returns yielded are bigger (11-14%) than the conventional FDs. Top up that with the fact that there’s no upper cap on the investment amount and there’s no lock in period.

Public Provident Fund

PPF has been an all-time favourite investment avenue of investors with a low risk appetite. The returns are guaranteed and can reach up to 8.5% – 9.0% mark. Under section 80C the investment made towards PPF is tax deductible up to Rs.1,00,000. Another perk to PPF is that there is no upper limit on the amount you are looking to invest.

Bank Fixed Deposits (FDs)

Works more or less like a regular savings account, except that they offer a higher rate of return. There’s a lock-in period before which the investor cannot make any withdrawal. Bank FDs offer guaranteed returns while keeping the principal amount intact. It seems like FDs are never going to lose their sheen especially among risk averse investors. The Indian rupee is constantly losing its value to the American dollar. Resultantly, the people are becoming increasingly wary of putting their money in high risk investments. Even the seasoned investors are averting the market and switching to safer avenues of investment. No wonder, fixed income investments have gained quite a momentum in 2019 and likely to stay like that in the future.

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Need help with investing?

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or call us at 997 100 9292 / 882 689 6236

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Request A Callback

or call us at 997 100 9292

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Frequenty Asked Questions

It is an investment where you have to deposit a certain amount with a bank, Non-Banking Financial Institution (NBFC), or any other money lending entity. This amount is deposited for a fixed period of time and a fixed rate of interest. You receive interest yearly, monthly, or quarterly depending upon the fixed tenure alongside getting repayment of the principal amount.

You just need to be a resident individual. If you are, you are surely eligible to invest in an FD thereby, gaining the added benefits and schemes. You can avail an FD, irrespective of your age. Be it a public or private limited company, partnership firm or society, Hindu Undivided Family (HUF), everyone is eligible to invest in an FD.

Majorly, there are two types of FDs namely Cumulative and Non-cumulative.

Cumulative FD – Here the interest is calculated annually. You receive you’re your principal and interest amount at the time of maturity. In addition, the earned interest is taxable depending upon the tax slab in which you fall.Non-cumulative FD – Here you gain interest yearly, half-yearly, monthly, or quarterly as per your choice.

Many banks and financial institutions offer interest rates, which tend to be slightly higher. This special interest rate also helps in a tax deduction. These interest rates may vary from bank-to-bank. Also, most of the banks offer theses rates when you apply for an FD with a co-applicant who is not a senior citizen.

You have the privilege to ask for a loan against your deposited amount, without being penalized for breaking an FD. As such, you receive the money for the emergency and also interest at the same time. The loan amount can vary from bank-to-bank. However, the interest on the loan will be lesser than the one that is paid on your FD.

This is also known as a savings-cum-fixed deposit. This facility aligns your current/savings account to your FD account with ease. Depending upon your principal amount and current deposits, it gives you the liberty to analyse the minimum as well as the maximum balance for your savings account.

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