If you are like most people, you do not know enough about the economy, nor have the inclination to learn and stay on top of the market. Even if you do, as a retail investor sitting at home with a laptop, information available to you is limited. This is where mutual funds come in. Here is a simplistic picture of how they work.
If you do not have an EPF account, then open a PPF account. Take action and you can thank me later when you learn more about investments.
We will classify the plan into two parts: Bare Essentials and Goal Based Plans. Bare essentials will apply to everyone regardless of your risk appetite. So if you are just starting out, focus there.
I am not saying that you cannot make money with crypto. If you have the stomach to sit through the high volatility, you might make a decent profit. Don’t get me wrong, I am not saying that you cannot make money with crypto.
If you are asking this question, I think you are in the right track. India is a booming economy and there are plenty of opportunities to invest your money. Remember the rule: Only invest in instruments that you understand.