Investment Options Starting At ₹100 That Every Housewife Must Know About

We have seen in our homes as well as movies how homemakers save money from the load they get to run the house. They might not be finance experts, but nobody can beat them in budgeting and saving.

When there were no banks, housewives used to save up some money in the kitchen container. Many might still do the same or hide the money in their almirah or someplace safe.

Most of this money is kept safe for a rainy day or if the woman wishes to spend a few bucks pampering herself. However, what if we tell you that the little amount you save can even grow by leaps and bounds if you pick your investment options carefully?

We spoke to Anushka Rathod, a finance content creator, about the available options, and she verified that a housewife can start her investment journey starting at ₹100 only. Below mentioned options are not only for homemakers but for anyone who saves less but wants to see their money growing.

Rathod believes that while the role of a housewife is undervalued and unappreciated, they possess excellent financial planning skills. “Housewives can employ this skill to invest their savings wisely in various investment options starting at ₹100,” she added.

Recurring Deposit (RD)

A Recurring Deposit or RD is a term deposit offered by banks in India. A person has to deposit a fixed amount to their recurring deposit account and see their money grow at an interest rate for a fixed amount of time.

Rathod said RD is a great tool for saving money for a big purchase in a short period without straining finances.

Public Provident Fund (PPF)

Public Provident Fund or PPF is a scheme backed by the Government of India for long-term investment. It is among the safest investment options with lucrative rates of interest and returns.

Rathod advised that the PPF is a 15-year investing-cum-tax-saving instrument offering a 7.1% rate of interest as of now. Though this is a long-term investment plan, one can partially withdraw money. Therefore, it is an excellent option for accumulating wealth with flexibility.

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Systematic Investment Plan (SIP) In Index Funds

Rathod said SIPs for Index Funds are for those who have a higher risk appetite. “Index funds are the most cost-effective and passive way of investing in Stock Markets,” she added.

These funds are based on an underlying index like NIFTY, SENSEX, etc. They mirror the returns on that index.

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GOLD ETFs

Gold Exchange Traded Funds (ETFs) have investment options starting at ₹100 only. It gives the opportunity to cash on the price fluctuations. In this, there are digital units representing physical gold. One Gold ETF is equivalent to 1gm gold of the highest purity.

Rathod suggested if a person does not have a Demat account, they can even invest in Gold Mutual Funds, but the minimum amount of investment is ₹1000.

Depending on the amount of investment, a person can diversify their portfolio by investing in more than one option. You must understand your saving plan, risk appetite, and the options best suited to your needs. With these options, you can see your little money grow by leaps and bounds.

Stay tuned to HerZindagi for more tips on investment!