Best Investment Plans in India To Invest in 2024 For High Returns

Best Investment Plans in India To Invest in 2024 For High Returns

Best Investment Plan in 2024

Investment planning is an important aspect of financial planning, which aims to grow your savings through disciplined investing. Choosing the best investment plan with high returns is important to provide direction and create an effective strategy to achieve your financial goals on time.

High-return investments can significantly boost your financial growth, helping you achieve your objectives more efficiently.

What is an Investment Plan?

Investment plans are financial products that help you create wealth for the future. These plans allow you to invest in different funds and schemes in a periodic or systematic way to fulfill your financial objectives.

The first step towards having an investment plan in India is to determine your financial needs and risk profile. Then choose the best investment plan that suits your needs. Some of the best investment options in India include:

  • Unit Linked Insurance Plans (ULIPs)
  • Mutual Funds 
  • Monthly Income Plans
  • Sukanya Samriddhi Yojana (SSY)
  • Senior Citizen Savings Scheme (SCSS)
  • Public Provident Fund (PPF)
  • National Pension Scheme (NPS)
  • Tax Saving Fixed Deposits (FDs)
  • Gold
  • Real Estate

Types of Investment Plans in India

Whether you are a seasoned investor or taking your first step towards financial planning, understanding the different types of investment plans available is important. From Unit Linked Insurance Plans to Fixed Deposits, each product offers unique benefits tailored to your risk appetite and return expectations. Understanding the various products available in the market, including the best investment plans with high returns, is essential to make informed decisions. Based on a variety of factors, we have categorized different best investment plans that will help you ensure your financial planning is effortless and rewarding.

Low-Risk Investment

Low-risk investments are those plans in which the risk element is minimal. 

Let’s take a look at some of the best low-risk investment options. These are some of the best investment plans designed for risk-averse investors.

Capital Guarantee Plans

Capital Guarantee Plans are designed to safeguard your investment while offering a stable return. With these plans, your invested capital is 100% guaranteed to be returned upon maturity. 10-year returns on Capital Guaranteed Plans can range from 12-18% per year, enhancing your guaranteed capital with growth potential. Regardless of market fluctuations, your initial investment remains secure. 

Guaranteed Savings Plan

A Guaranteed Return Plan provides dual benefits. It secures your investments with assured returns but also provides life insurance cover. Unlike the fluctuating interest rates of Fixed Deposits, which have seen a decline to around 2-2.5% in the last decade, Guaranteed Savings Plans lock in higher returns from the start. They also offer tax advantages on both premiums and returns, which Fixed Deposits lack unless they are tax-saving FDs. Additionally, the life cover and loan options against the plan add layers of financial security and flexibility, making it one of the best investment plans for long-term financial planning.

Fixed Deposits

Fixed Deposits (FDs) in India are a secure investment plan choice, with current interest rates ranging from 3% to 9% per annum, varying by bank and tenure. However, it’s noteworthy that these rates have declined compared to previous years when the rates were even more higher. Despite lower returns, FDs remain a preferred option for investors seeking safety in their savings. You can use an FD calculator to calculate returns on your FD investments. 

Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana (SSY) is a government-backed tax-saving investment plan in India designed to encourage the financial security of girl children by offering an attractive interest rate of 8.0% per annum. Investors consider this the best investment plan because of its triple tax benefit under Section 80C, with the principal, interest, and maturity amounts all exempted from tax. In contrast, child plans provided by insurance companies offer more flexibility and the potential for higher returns ranging from 7% to 9% annually. While SSY is designed for the fixed goal of a girl child’s education and marriage with a lock-in period, child plans can be more versatile, with features like partial withdrawals. 

Senior Citizen Savings Scheme (SCSS)

Attractive Interest Rates:

You can earn a hearty interest rate of 8.2% per annum (Q3 FY 2023-24), one of the highest among government-backed savings instruments.

Ease of Access:

Open an SCSS account with ease at your nearest designated bank or post office.

Regular Income Stream:

With the Senior Citizen Savings Scheme, you enjoy the convenience of receiving interest payouts every quarter, ensuring a steady income flow.


Tax Efficient:

You can maximize your savings with tax benefits under Section 80C of the Income Tax Act, up to ₹1.5 lakh per annum.


National Pension Scheme (NPS)

Post Office Monthly Income Scheme (POMIS)

National Savings Certificate (NSC)


Real Estate 

RBI Taxable Bonds

Public Provident Fund (PPF) etc


Leave a Reply

Your email address will not be published. Required fields are marked *