Did your investment give best returns in last one year? Check it now!!!

Mint published last one year returns of different assets. It listed equity, Gold, Cash(liquid fund) and Fixed deposit. This highlights importance of diversification of your investment in different asset class to get better returns. Here I like to share the same snippet shared by Mint for your reference. Thanks to Mint and ValueResearch. Here list of investment give best returns in last one year.

1 Year return :

Equity : 15.88%
Cash : 3.96%
Gold : 27%
Fixed deposit : 6.25%

The person who invested in all these assets would get around 13% in average. Investment is considered best when it gives more than 12% annual return. Diversification ensures you get maximum benefit in tough time. Let us discuss assets to be considered for diversification as well as long term benefit.

Which Assets that will make you rich:

1. Invest in skillset development:

Small secondary business- Sell your skills, Content writing, writer, selling goods in e commerce platform and blogging.

2. Invest in Stock markets:

Learn basic of investing by learning. Read introduction of stock market and Fundamental analysis. Try to read company financial statement before investing. It would help you select best stocks for long term investment.

3. Passive index funds – Nifty, next 50, S&P :

Invest 30% of your investment in Nifty 50 and Nifty Next 50 mutual funds. It would grow by compound interest in long term. It is easy way to achieve your goal by investing in monthly SIP mode.

4. Gold :

Gold can be used as emergency fund as well as investment. 20% your assets should be in Gold. Buy gold and accumulate physical gold as ornaments. It would help in case emergency or to start new business.

5. Bonds:

Bond market is least accessible by common investor. It requires at least 2 Lakhs to buy an bond. Otherwise we can start investing in liquid mutual funds for low risk, low return investment.

Wealth is a Mindset – not a sum of money! Aim for long term goals and start your investment today. To become financially smart, You need simple financial products.

Simple financial products will make you rich in long term.

2 Index mutual funds(Nifty 50 and Nifty Next 50)
500 grams gold
One pure term insurance
One credit card
One or 2 savings bank account
Family medical insurance coverage, covers all the family members
A home loan or car loan or personal loan (Anyone)
In case you can spend and learn stock market, Invest 10% – 20% of your investment in blue ship companies

Once you have them start saying NO to most of the other financial products. Just say NO. This would make you rich in long term. Plan your investment for long term. For short term, invest in Gold and bonds.