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Have you ever heard of people that get rich by saving? No, because hoarding funds is not a great way to for anyone to maximise their profits. Rather, most people with a massive volume of funds get rich by making sound investments that yield substantial returns. Keeping this in mind, it must be said that there are several avenues where one’s investment can prove to be quite profitable in the long run.

Here are five such investment avenues that you can opt for, if you want to multiply your finances.

Fixed Deposit (FD)

is one of the most popular investment avenues and is most preferred due to the safety and stability it offers – similar to that of a savings account.  For investors seeking stability of returns and safe earnings – without being affected by market fluctuations – fixed deposits are the most preferred investment option. When investing in fixed deposits, you invest a lump sum amount for a specified time period. Over this time, the interest accumulates, and you can either choose to gain your interest at maturity or go for periodic pay-outs instead.

While both banks and companies offer fixed deposits, you may get higher interest rates when investing in company FDs, which offer higher returns. However, it is important to invest in a company with high safety ratings, as there may be risks involving loss of capital or delays. To avoid such situations, look for a reliable financier like Bajaj Finance Fixed Deposit, which has the highest safety ratings by leading credit rating agencies like CRISIL and ICRA.

You can benefit from a lucrative interest rate of 8.75%, which can go up to 9.10% for senior citizens. With Bajaj Finance FDs, you can choose your tenor, and opt for periodic pay-outs, depending on your convenience. Start investing with just Rs. 25,000 and watch your money multiply, as you get to enjoy guaranteed returns that are unaffected by any external factors.

Saving Fixed Deposit

Recurring Deposit (RD)

A recurring deposit scheme is similar to that of a fixed deposit, with a few key differences. For starters, a recurring deposit mandates the need for you to spend a specific amount of money on a monthly basis, as opposed to an initial lump sum amount.

The second difference is that recurring deposits provide you with comparatively lower returns, as compared to fixed deposits. This is because – unlike the case of a fixed deposit where the interest is accrued on the entire amount over time – recurring deposits have interest calculated for each subsequent instalment. Ultimately, the level of income you generate would be lower than if you opted for a fixed deposit.

Mutual Funds (MF)

Most people tend to recommend mutual funds as a viable source of investment, but how many of us know what this term entails? The simplest explanation we can provide is as follows – mutual funds are a collective investment in a company, managed by multiple investors (including yourself) who pool in their money to purchase stocks and securities. The overarching objective of this fund is to earn the highest possible returns through what is perceived to be a smart investment.

However, as growth-oriented investments, mutual funds are always subject to market risks, which may directly impact your investment amount.

While it’s possible for you to attain decent returns on your investment, the chances of your investment going down the market due to unfavourable financial conditions are always there.

What we’re trying to say is that investing in mutual funds requires a high risk appetite, and you need to be completely assured of your risk-return ratio before selecting this financial avenue.

Systematic Investment Plan (SIP)

A systematic investment plan is another form of mutual funds, albeit with monthly investments as opposed to a lump sum amount. This system is similar to that of a recurring deposit, serving as a replacement for a one-time investment in a typical mutual fund scheme.

Due to this situation, SIPs share the same drawbacks as both recurring deposits and mutual funds – along with being unstable in terms of returns, the overall income that you accrue will also be lower, as compared to if you choose to go for the usual system of mutual funds.


Companies that go public enable people to invest in their shares to obtain a profit. On paper, this might seem like a good deal, but an essential factor to keep in mind is the amount of risk involved in this form of investment.

Remember when we talked about the risk factor involved in mutual funds? Well, company stocks have a higher level of risk, meaning that your investment in this foray can take a turn for the worse if you’re unable to analyse the stock market properly.

Every individual wants to select a viable investment avenue that will help them make the most of their current income or savings. The five sources of investment that we’ve discussed above will help you expedite your decision-making process and figure out the best course of action that can be taken to maximise your return on investment.

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May 2024