Top 10 Best Financial Products in India

Below are the lists of best financial products available in India. For effective and successful financial planning you can invest in any of the below products according to your needs.

• Mutual funds - Equity mutual fund is the best product which can help you to beat inflation and build ample wealth in long run. Mutual funds has only 1.5% annual fund management charge. No other financial product is as cheap as Mutual Funds in India as they will charge 0% Entry load and 0% Exit load after 365 days of investing.

• Term insurance - Term insurance will give you enough life cover with very low premium. Please note that Insurance companies claim that their financial products like money back plans, pension plans, ULIPs,  Child future plans etc are best products but well this is not the TRUTH. Term insurance is the only best product being sold by insurance companies.

• PPF & EPF - PPF and EPF is the best product in India for TAX saving.

• Stocks, Equity - Stocks and Bonds are also good to grown your money in long run.

• Infrastructure Bonds - Infrastructure and other bonds are also good for TAX saving and generate steady growth of your money.

• NSC, KVP, Post-office savings schemes - Government schemes like National saving certificate (NSC), kisan vikas patra (KVP), Post-office savings schemes etc are good for TAX saving and generate steady income for retirement.

• Bank saving & fixed deposits - Bank deposits are good for those who don’t want to take any risk for example when you are retired.

• Health insurance (Mediclaim) - Health insurance is also important for you and your family, which will cover your medical expenses along with tax saving.

• Real Estate - Real estate in India if chosen carefully will give you good return in long term. 

• Gold & Gold ETFs - Investment in Gold and Gold related products are always profitable.