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Best Investment Options for Doctors in India

We all have certain goals in life, and we need to save money to meet those goals. These goals can be buying a home, buying a car, a child’s education, a child’s marriage or retirement. You may have multiple goals at the same time. Making good investment decisions can help you meet these goals sooner and more efficiently. We often provide investment options for people from various sectors, and today, we will focus on doctors. Doctors have a very busy schedule, and in such a case, they may not get enough time to assess the investment options available to them in India in 2023. To help you, we have covered all the investment options you can choose to build your assets.

Before you start your investment journey, please note that it is very important to have financial discipline in life. You need to invest consistently to build assets. Never invest in just one singular asset but spread out the investment to balance the risk and return ratio. The best approach here is to mix low, medium and high-risk investments. The returns will vary depending on the bucket you choose. You can invest 50% of your income in low-risk assets, 35% in medium-risk assets and 15% in high-risk assets. Again, you can change the ratio occasionally to manage your goals and risk appetite. Let us now go over the various options available to doctors in India in 2023.

Low-Risk Investment Options

Low-risk investment options usually consist of risk-free investments like fixed deposits. There are no or negligible risks associated with these investment options, and they offer you a guaranteed return. You must always have low-risk assets in your portfolio. Most low-risk assets are highly liquid and can help you on a rainy day. As a doctor, you would understand the importance of having liquid cash or funds even when you already have medical insurance.

Medium Risk Investment Options

The next zone of investment is medium-risk investments. Here the risk is moderate, and the return can be higher than the risk-free rates. These have a beta of over one, and they move along with the market. Macroeconomic and microeconomic factors determine the returns in medium-risk assets. Check out the options below.

High-Risk Investment Options

The last bucket here is the high-risk investment options. These can have a high return, but at the same time, they can have a higher loss as well. We have not added cryptocurrency and private equity to the list, but you can also choose those options.

Final Take

As a doctor, you may have a busy schedule and not find enough time to manage your portfolio. In such a case, it is worth automating your investments. For example, you can automate the deposits and mutual fund investments by setting up Recurring Deposit or Systematic Investment Plan. You can also set up a step-up SIP where the amount of investment increases after the period you select. All these things can make it easy for you, and then you can churn your portfolio occasionally. In addition to this, you can also hire a financial advisor or a wealth manager who can take up these tasks for you and manage your investment journey. Please note that all financial decisions should be taken at your discretion.

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