Some of the best investment products I know about
POSTED BY ON September 4, 2008 COMMENTS (9)
When it comes to investment, everyone is conscious and curios to know about the best investment products. In this article I’m going to tell you about few of such products that I know and I thing they will be helpful for you.
1. Term Insurance
Term plan is an affordable insurance which provides a full protection cover for your family at a very low premium cost. One of the best products in Term insurance markets I know is SBI life Insurance Shield Plan.
Before taking any Insurance into consideration, we should give importance to
- Premium amount you pay : Premiums are among the cheapest in market
- Claim settlement Rate : Next only to LIC
There Shield plan is designed very nicely, have a look at it and you will love it.
2. UTI Gold ETF’s
It is simply an investment in gold which tracks it’s price on day to day basis. It has its own expense ratio which is very high is compared with US market, but it is the price that we pay to invest in gold electronically. You should have a demat account to invest in Gold ETF’s and you can trade these ETF’s through stock market.
If you want to invest in GOLD, try this ETF, search GOLDSHARE or UTGOLD (if you are on ICICIDIRECT).
3. Mutual Funds
Mutual funds are categorized on the basis of its objectives, style and strategy. Investing in Mutual Funds only is not enough to get good returns. You should know about the types of mutual funds and then invest in different funds by deciding your goal.
See here some of the good options of mutual funds to invest in :
ELSS
- SBI magnum tax shield
- Principal Tax saving
Equity Diversified Mutual Funds
- DSPML Equity
- HDFC top 200
- Magnum Contra
Balanced Funds
- HDFC Prudence
- DSP Balanced
- UTI Mahila Unit Scheme
Debt or Liquid Funds
- Kotak Flexi
- Birla Sun Life Income
(see details of these mutual funds at https://www.valueresearchonline.com/)
Manish,
I am already investing in HDFC tax saver through SIP. Is there any other good ELSS I can go for.
Swati
HDFC Tax Saver is good enough .. better stick to it
Manish
Hi Mohit,
A great blog ! I am a fresher started working 6 months ago. Can you please share with us which is the best ELSS to go for now (since we are nearing the completion of the fiscal) and I need to save tax !!! 🙂
Swati
You can buy HDFC Tax Saver
Manish
Hi Manish,
Its been three years since this post. Would you like to update us with the new list of best products ?
Ranjit
Wait for new article 🙂
is the new article out on your website?
I am eagerly waiting for this information (at least on term insurance).
Thanks
Gopal
No , no new article is published on website regarding htis
Hi Manish,
Can you tell me if SBI is still good for term insurance? In one of your articles where your had given the IRDA report SBI comes at the 9th position when it comes to CSR, where as HDFC has taken 2nd position after LIC.
You inputs will be really valuable.
Thanks
Gopal