Financial planning is necessary for everyone. It doesn’t matter if you are a student or a retiree because you should always have a financial plan in place. Financial planning includes budgeting, saving, and investing. There is a much popular financial planning calculator India that gives you a clear idea about financial planning. In this article, we will talk about four popular ways of investment in 2022.

• Mutual Fund: Mutual funds are a low-risk investment and can provide you with an opportunity for growth. A mutual fund is also a great investment because they allow investors to diversify their portfolios, which means that they can invest in different stocks or bonds instead of just one company or industry. That is the primary reason why people are always looking to invest in mutual funds. There are many SIP in mutual funds that allows everyone to make profits by investing money for a long time.
• Public Provident Fund: It is a type of deposit account that is intended for retirement. It can be opened by any resident Indian who has attained the age of 18 years and has not attained the age of 80 years. The PPF account can be opened for a minimum tenure of 5 years, but it can also be closed prematurely after 3 or 4 years. The interest rate on the PPF account is determined by the Government of India every year, and it remains unchanged during the period for which the PPF account has been opened. Interest rates on Public Provident Fund are lower than what banks offer on savings accounts but higher than what banks offer on fixed deposits.
• Bank Fixed Deposit: The fixed deposit is a type of deposit account in which the bank agrees to pay the depositor a fixed interest rate for a certain amount of time. A fixed deposit is also known as FD and is one of the safest investments that you can make. The bank agrees to pay you a fixed interest rate for a certain period. You are not required to make any payments or withdrawals during this period. 
• Direct Equity: Direct equity is a type of equity compensation that is paid out in the form of shares, rather than stocks. Direct equity is similar to stock options in that the holder has the right to purchase shares at a fixed price, but it differs because it does not need to be exercised at a specific time and date. The holder can exercise their rights whenever they want, and they are also entitled to dividends as if they were an owner.
  

Conclusion

It is no exaggeration to say that financial planning plays a crucial role in every individual’s future, so it should be an integral part of everyone’s life. If you haven’t started financing planning, this is the perfect time for you, and the above-mentioned methods can help you with financial planning.