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Eight investment options that can help you meet long-term goals without capital risk

Some of these funds are specially designed for senior citizens to meet their post-retirement financial needs

Jaya Rai
Updated On - June 14, 2021 / 04:08 PM IST

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Public Provident Fund (PPF): It is a long-term investment option that requires regular contributions for a period of 15 years. The amount is fully exempt from income tax under section 80C.

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Pradhan Mantri Vaya Vandana Yojana (PMVVY): It is a government-sponsored pension plan for retired individuals. It aims to provide fixed returns to senior citizens for ten years. This pension provides an assured 7.40% annual return.

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Senior Citizen Savings Scheme (SCSS): This investment option, sponsored by the government, allows those above the age of 60 to receive a stream of income after they retire. It gives guaranteed returns on a quarterly basis with 7.4% interest per annum.

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Sukanya Samriddhi Yojana (SSY): It is a 21-year scheme for parents of a girl child to create a corpus for their higher studies and marriage. It can be opened only in the name of a girl child below 10 years where investment will be only for 15 yrs.

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Atal Pension Yojna (APY): This government program aims to provide a regular income of Rs 1,000 - Rs 5000 after retirement. Any Indian citizen aged between 18-40 years can enroll in the scheme. Pension in this scheme will start once the subscriber attains the age of 60.

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Kisan Vikas Patra (KVP): It's an Indian Post certificate scheme that allows a one-time investment to double after 124 months. The interest rate is 6.9% per year. KVP was initially intended to enable farmers to save for the long term, but now it is available to everyone.

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National Savings Certificate (NSC): This is a one-time investment scheme, which matures in five years. On maturity, the principal amount along with interest is paid. NSC is issued in denominations of Rs. 100, Rs. 500, Rs.1000, Rs.5000, Rs.10,000

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Investors should determine their risk in the Bharat Bond ETF and take a calculated decision

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