5 Best Investment Options For Housewives

The work that a housewife does is often undervalued as it is not rewarded with any monetary rewards. However, housewives add immense value to the functioning of the household. They take up the huge responsibility of planning the household finances using the limited capital at their disposal and, irrespective of the amount spent during the month, even during the festive season, they manage to save some amount. Now, what if these small savings can be converted into a wealth creator for these housewives?

In this article, we will discuss some of the best investment options for housewives to help them build wealth for their secure future.

#1 Sukanya Samriddhi Yojana

One of the biggest concerns of a housewife is to secure her children’s future. Investing in the Government of India’s Sukanya Samriddhi Yojana (SSY) Scheme is a great way to invest for your daughter’s future. Under this scheme, you can open an SSY account for your minor girl child before she attains the age of 10 years. The minimum investment to be made under this scheme in a financial year is ₹250 and the maximum investment is ₹1.5 Lakh. The SSY account will mature 21 years after the date of account opening. You can open this account at any post office or authorised bank.

#2 National Savings Certificate

For housewives who want to invest the savings they have at their disposal, the National Savings Certificate is a great investment option. The minimum amount to be invested here is ₹1,000 and they can invest any further amount in multiples of ₹100. There is no cap on the maximum investible amount. The rate of interest on the National Savings Certificate changes annually and the interest income from this investment is covered under Section 80C of the Income Tax Act of 1961.

#3 Gold

Gold is a popular investment option among women. Indian women always prefer purchasing gold during the festive season as it is said to be auspicious. While we love our gold jewellery, it may not be a great investment option as jewellery comes with additional charges like making charges and you may not get the same value on resale. Instead, women can consider investing in other forms of gold like gold coins or bars. These days, women also have the option of investing in digital forms of gold like gold bonds, e-gold, gold ETFs, gold savings schemes, etc., which are great investment options.

Also Read: 6 Ways To Invest In Gold

#4 Mutual Funds

Mutual funds are an excellent investment option for housewives, especially for those who are looking for long-term wealth creation. You don’t need to have a regular income to be a mutual fund investor. Moreover, with the option of investing in mutual funds through systematic investment plans (SIPs), you can choose to invest your money at your preferred frequency. Some mutual fund schemes also provide the option to invest with a SIP amount as low as ₹100 a month.

#5 Post Office Monthly Income Scheme (POMIS)

The Post Office Monthly Income Scheme (POMIS) is a savings scheme offered by the Indian Postal Services. Since this scheme is under the purview of the Government of India, it is considered to be a safe investment option and is ideal for housewives who are looking to earn from their savings. You can invest a minimum of ₹1,500 a year under the POMIS scheme and earn a steady monthly interest income.

Also Read: What Is Post Office MIS? Everything You Need To Know About This India Post MIS Scheme