Best Investment Options for a 30 Year Old

End of the 20s is the time when most of you are settled in your career and ready to start your family. It is the time when you seriously begin to think of savings and investments and start working towards life goals.

With the multiple investment options available in the market today, it may be a daunting task to decide on which option is best suited for you. Although, it is advisable to choose an investment plan based on your risk appetite, investment horizon and financial goals, there are some investment avenues that are good for a 30 year old person to begin with.

Here is a list of the best investment options for a 30 year old.

  • Mutual Funds

Mutual funds are the most popular investment avenue in India. Investors prefer to park their savings into mutual funds because it has the ability to generate handsome returns. There are many types of mutual funds available in the market. The investors can select any type of mutual fund and invest according to their risk-bearing ability. Furthermore, the investor can also start a systematic investment plan (SIP) with fixed monthly instalments in the mutual funds. The SIP amount can be as low as Rs. 500.

  • Stock Market

Stock market is another popular place to invest money. By purchasing shares of a company in the demat account, the investor can make money with the appreciation in the share price and along with that get benefits like dividends, bonus shares, etc. Although, the risk in the stock market is high, the returns can also be huge. By taking risks wisely, you can create good wealth for your future in the stock market.

  • National Pension Scheme

If you do not want to make any risky investment, National Pension Scheme is apt for you. It is a government sponsored scheme where chances of losing your money are nil. In addition, you get many tax benefits by investing in the National Pension Scheme.

  • Public Provident Fund

Public Provident Fund is another risk-free investment. It is one of the best investment options for a common man in India and investing in it is very easy. Salaried people find PPFs very attractive as they can set apart a portion of their salaries every month and invest in it. Moreover, the interest earned on PPF is free from tax.

  • Real Estate

Real Estate is another good bet for long term investment. The Real Estate Regulation and Development Act (RERA) has helped the real estate market to grow. Now it is well regulated and there are many safety measures for buyers and sellers in the market. Furthermore, home loans are now easily available and more affordable than ever.

Grab the opportunity to invest early in life and start your journey towards accumulating wealth and becoming rich with the above-mentioned investment plans. Should you need any help with investing, you may get in touch with Kotak Securities.