Investment Plans: People often believe that achieving big financial goals requires substantial earnings. However, the truth is that even small, regular savings can accumulate a substantial corpus over time. Saving just ₹1,000 each month and investing in the right investment plan can accumulate lakhs of rupees in 15 years. Several government-funded and reliable schemes are available in India that offer robust long-term savings with secure returns. Let’s explore these popular schemes and their potential benefits in detail.

Public Provident Fund

PPF is a government-funded long-term savings instrument that is considered extremely safe. It offers an annual interest rate of 7.1 percent, and all earnings are tax-free. If a person deposits ₹1,000 every month, they can accumulate a corpus of approximately ₹3.25 lakh in 15 years. This plan also offers partial withdrawals after five years, making it more flexible.

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Systematic Investment Plan

If you’re willing to take some risk and want market-based investments, SIPs are a good option. Regular investments in mutual funds can yield returns of up to 12 percent. This investment can reach approximately ₹4.75 lakh in 15 years. Investors can withdraw funds at any time and also have the flexibility to increase or decrease the monthly amount if needed.

Sukanya Samriddhi Yojana

This plan, designed for daughters, is not only safe but also offers a high interest rate. It offers an interest rate of 8.2 percent. If you save ₹1,000 every month for 15 years, you can build a corpus of approximately ₹5.54 lakh. This plan provides tax savings and strong financial security for your daughters’ education and marriage.

Post Office RD

The Post Office Recurring Deposit Scheme can be a good option for those seeking a safe investment. It offers an annual interest rate of 6.7 percent. The total investment amount can reach approximately Rs 71,369 over 5 years and approximately Rs 1.70 lakh over 10 years. This plan is suitable for those seeking guaranteed returns.

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How to Choose the Right Plan

All of these plans have their own advantages. Choosing the right option depends on your risk appetite, time horizon, and goals. If tax savings and security are your priorities, PPF and Sukanya Samriddhi Yojana are better. If you need higher returns over the long term, SIP can prove beneficial. For those seeking stability, RD is a reliable option.