Here’s a look at 10 investment avenues Indians look at while saving for financial goals.

• Direct equity.
• Equity mutual funds.
• Debt mutual funds.
• National Pension System (NPS)
• Public Provident Fund (PPF)
• Bank fixed deposit (FD)
• Senior Citizens’ Saving Scheme (SCSS)
• Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Where to start investing with a small amount of money?

For example, you can check out Charles Schwab, which offers a low $100 minimum on their no-load funds, and T. Rowe Price, which doesn’t have a minimum on investor class funds if you open an account with them. 2  3  These are two great low-cost fund families that make it easy for a new investor to get started with even a small amount of money.

What should I know as a first time investor?

First-Time Investor: Grow and Protect Your Money| III CONTENTS ABOUT THE “HOW TO INVEST” SERIES VII ACKNOWLEDGEMENTS IX INTRODUCTION XI What you will learn Three reasons the early years are crucial Double your income in retirement Better than winning the lottery The magic of an extra 1% return

What’s the best way to invest your spare money?

Acorns is an investing platform that allows you to invest your spare change by rounding up your purchases to the nearest dollar. Simply link your credit or debit card and once your balance has reached $5, you can start investing with Acorns algorithm which invests your money in Exchange-Traded Funds or ETFs.

How old do you have to be to invest money?

Regardless of how much money you make, the crucial first step is to put aside a small amount on a consistent basis. You may be 23 and have just landed your first job. Or you may be 40 and have decided to finally get serious about investing. Whatever the case, if you are new to investing, this book is for you.