NCDs are those debentures, which are not convertible to equity shares. They work like company FDs, where you are lending a company to get some interest income and you get your money after few years. However, one needs to check the rating of that bond. Credit rating agencies usually rate such debt bonds.

RGESS was introduced with dual benefits of understanding and investing in selected equities and enjoying tax benefits for select investors. The scheme is applicable only to individuals. Thus, the benefit of tax deduction is not available to any other category of taxpayer.

Bonds can be considered a good investment product for investors who are looking at investments from a short-term perspective. Bonds are generally considered a less risky investment compared to equity and hence many investors who do not have high appetite for risk go for investing in bonds.

Mutual funds are headed by a fund manager whose core area of responsibility is to monitor the proper management of funds. The fund manager would ensure that an investor’s fund remains healthy and in a step wise manner choose to add or omit stocks from diversified industries and sectors.

Financial planning and investment go hand in hand. Investment of any sort needs the backing of a good plan of portfolio. Financial planning can help in evaluating the best investment opportunities. A well-shaped plan not only enables you to pick the right investment but it also shows how to allocate money among different type of investments. 

Wealth creation is not an overnight affair; you, as an investor should spend extra time towards researching and identifying stocks or mutual funds that would correlate with your financial goals. It is imperative that you understand the underlying purpose of the returns on your investments.