i am scouting for tax saving investment schemes as well as best investment products which would yield me decen



Hi all,

I am an 30 year old businessman looking for best investment ideas, being march month i am scouting for tax saving investment schemes as well as best investment products which would yield me decent returns (better than bank yields / inflation) which in turn would secure my kids future (being an businesman i am much not sure about my future returns or income levels). All i need is to secure the future of my wife and kids,

Mind you I am an LIC insurance agent myselves

i am scouting for tax saving investment schemes as well as best investment products which would yield me decen
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5 Replies to “i am scouting for tax saving investment schemes as well as best investment products which would yield me decen”

  1. my dear LIC agent,

    you being lic agent could have get more information from your field officer or otherLIC agents. Any How these days PPF that is public povidend fund scheme is the best. you being a businessman , can not be sure how much you can save every year. in this scheme you can deposit every year .minimum 1000 to 70,000 or 80,000 Maximum. rate of int is 8% this you can checkup from p.o. or bank.scheme is 15yrs.or 20 yrs or 25yrs.etc . generally, p.o. agents called saving agents are available. you being businessman may be busy call him he will help you.



  2. Hi – insurance and investment are like Apple and Oranges.
    you cannot put money in LIC and say you have invested. No – it is insurance.
    Investment is putting money in PPF, NSC, Mutual Funds, banks, Bonds etc.

    So decide on what amount can be put where and do accordingly.

    Thx


  3. Since you are an LIC agent (really ??) there is not point repeating the tax saving options.
    The best options are ELSS – they will give you reasonably good returns. Here the risk element attached to stock market should be taken into consideration.

    Other options are PPF or govt bonds.


  4. As you are LIC agent, you know by heart the Insurance is not for investment (I know you will not tell it to your clients ).

    Anyway, Equity Linked Saving Scheme (ELSS) are the best Tax Saving instrument available & have 3 year lock-in. There is a risk involved(as there is in ULIP products) but atleast they do not deduct too much. Need not to tell you, insure yourself with Term insurance.





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