5 Replies to “I HV INVESTD RS. 40000/ IN MUTUAL FUND, LIC 25000, WHAT ARE THE OTHER GOOD OPTION?”


  1. If you are risk take : the best option would be Reliance ( High risk high returns )

    Average returns : Birla life insurance , UTI ,

    Fantastic plan : SBI magnum (SIP)

    thanks
    Rama



  2. Before investing, I would recommend that you speak to a financial advisory. He/ She would be able to assess your present and futures financial situation and come up with a good long/short term options that would help you in not only saving the tax but also will give a financial stability.
    As for the good options to invest,
    1: Shares: if you have a good knowledge, than you can invest in them. They are high risk and high return options. It would be advisable to diversify your portfolio and hold the stocks for a minimum of two years.
    2: Mutual Funds: Second best in terms of returns and useful for those with little or no knowledge in the share market. As MF are run by professional, there is certain safety in it.
    3: PPF: A very long term investment( 15 years), but comes with tax benefits.They provide a 8% annual interest.
    4: Fixed deposits: Currently they give only small returns and I would not recommend them for short term.
    A good financial should contain all the above.
    Hope this helps you!!


  3. Deduc. u/s 80C
    1) Contributions to EPF, VPF, FPS, Approved Superannuation Fund.
    2) Contributions to PPF.
    3) To premium paid for Life Insurance Policy of self/spouse/children, ULIP, Dhanraksha.
    4) To NSC VIII issue / accrued interest on NSC.
    5) To schemes of PSU’s providing long term housing finance.
    6) Time deposits with Post Office.
    7) To ELSS of Mutual Funds.
    8) Repayment of home loan principle.
    9) Tuition fees of full time education for 2 children.
    10) Investments in Infra-structure bonds.
    11) Investments in Bank Fixed Deposits for 5 years.
    12) Investment in Pension fund.- u/s 80CCC





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