Where to invest during Covid?
The time is difficult for us all. Hence, investing money in the right places is what we need to do to safeguard ourselves from further damage. With interest rates down, now FD is no longer 'the' option for future investment. So, here are few things which we may do with our money if we are lucky enough to have a job till now (during this Covid time, so many people lost their jobs!): 1. If you are a risk-averse person like me, try out the traditional investments like - a. VPF (Voluntary Provident Fund) - Where you may contribute up to 100% of your basic and DA, with a lock-in period of 5 years and interest rate is same as EPF. b. PPF (Public Provident Fund) - Among the conventional methods, this one has the highest interest rate after PF, however, it is for the long term - 15 years!!!!! c. NPS (National Pension Scheme) - Here you may select the investment percentage more in bond to safeguard your money. However the flip side is you have to buy an annuity on maturity, you won...