A better portfolio is one that includes both safe and unsecured investments. Post office has been popular for safe investments for centuries. In this, you get guaranteed returns. Which means there is no risk of money sinking.
Although two schemes of post office are known for their better returns. But apart from Senior Citizen and Sukanya Samriddhi, there is also a scheme in which you get up to 8 percent return. We are talking about National Saving Certificate. It is also called NSC. Its lock in period is 5 years. Which means that you have to invest money in it for 5 years.
Basic information related to the National Saving Certificate
By investing in this scheme, you can also take advantage of section 80C. The minimum investment amount in this is Rs 1000. There is no maximum limit for investment in this. At the same time, three people can invest in NSC by opening a joint account together. Apart from this, an account can be opened in the name of a 10-year-old child. It cannot be closed in the middle of 5 years. Under NSC, the account can be closed only if the investor dies.
How to prepare a fund of Rs 7 lakh
There are very few schemes of the post office in which there is no limit on the maximum amount. Its tenure is also 5 years. Let us know how you can raise a fund of up to Rs 7 lakh by investing in this scheme.
Profit from NSC only
If an investor invests Rs 4,90,000 in the NSC scheme. So, according to the interest rate of 7.7 percent, he will get Rs 7,10,027 as maturity fund after 5 years. At the same time, your total return will be about 50 percent. The return from NSC after investing for 5 years will be Rs 2,20,027.
In this way, the more you increase the investment amount, the more the return you get will increase.
NSC + Return from Mutual Funds
If you want maximum returns on your investment amount, then diversify the investment amount. If you invest even one lakh rupees in mutual funds from an investment amount of Rs 4,90,000, then you get a good return. Invest the remaining Rs 3,90,000 in NSC scheme only.
If you have a total amount of Rs 4,90,000 for investment. Out of this, if Rs 3,90,000 is invested in NSC scheme, then after 5 years you will get Rs 5,65,123 on maturity.
Apart from this, the Rs 1 lakh you have invested in mutual funds, after 5 years you will get Rs 6,75,836 on maturity. It has been calculated according to an estimated return of 12 percent. This return depends on the fluctuations in the market. Apart from this, we have calculated the monthly investment of Rs 1 lakh by breaking it into Rs 8333.