Cryptocurrencies Alternative: Best Investment Schemes Apart From Crypto

Remember the conman duping three people by claiming “25 din mein paisa double” in Phir Hera Pheri? Yes, investments can be a bit tricky. Any investor invests money in search of high returns with low risk. This might seem an oxymoron since risk, and returns are directly proportional. Nevertheless, it is somewhat possible to get a Cryptocurrencies Alternative.

Many resorted to cryptocurrencies, especially bitcoin, which is rapidly growing. The main disadvantage of cryptocurrencies is that they are highly volatile, costing you significant losses.

You should invest in different schemes depending on your investment goals and risk tolerance. There are a sea of other investment options you can opt for. 

If you have the appetite to diversify your portfolio by seeking other investment options, here’s a list from which you can choose.

Equity Mutual Funds

Equity mutual funds are the apotheosis of all asset classes, monitored by experts who analyze the markets and have profound knowledge of mutual funds. By investing Rs 1,50,000, you can avail of a tax benefit of up to ₹ 46,800 as per Section 80C of the Income Tax act. 

These mutual funds invest in the stock of companies, and thus, it promises you a high return, and since it is diverse, less risk is associated with it. Also, they are not suitable for the short term owing to their high reactiveness to market volatility. 

Also Read: Save Yourself From These Common Mutual Funds Investment Mistake

Dividend Stocks

Dividends are rewards that a public-listed company will offer you if you are a shareholder. The company divides the profits in proportion to the number of shares owned by the shareholders.

It is advantageous as you can earn a regular income from equity investments, similar to interest from banks, while retaining the shares whose prices are expected to grow over time. They are low-risk investments that provide you with almost double the income compared to other investments. But yes, they can be expensive and are not ideal for short-term investments.

Public Provident Fund (PPF)

Public Provident Fund can be the best Cryptocurrencies Alternative because it’s a long-term and user-friendly investment scheme and is ideal for those who wish for low-risk investments. If you invest in a PPF Scheme, you need to deposit monthly. It is a government-backed scheme, and it stands as a guarantee.

You need to lock the money for 15 years. If you wish to withdraw the funds before the term above, you won’t be able to remove the whole amount. Also, you can get loans against the invested principal amount with a maximum tenure of 3 years. The interest rate stands at 7.1%, determined by the Indian Government.