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POSTED BY ON December 27, 2013 10:31 am COMMENTS (3)
Dear Sir,
I am a salary holder & my in hand salary is Rs 31000. I have 2.5 yrs baby girl. currently i save my money by invest in ppf (Rs 2000), axis long term mutual fund (Rs 2000), lic (Rs 2000) & tax saving FD (Rs 24000 yearly). My house rent is Rs 5000, house expenditure is around Rs 12000 & other expenditure is Rs 2000 – 3000. My parents are depend on me. I want to invest of Rs 1,00,000 p.a. for 15 years & want to get high return safely. Pl. suggest me where should i have to invest?
Thanking you
Debasish Bishnu
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Dear Debashish, please answer a simple question. If you die tonight, how your family ‘ll survive from tomorrow onwards? How much money ‘ll your family get from that LIC policy? What is this policy? How much sum assured is there in this policy?
Thanks
Ashal
Hi Debasish,
Here, you have not stated as for how much value you are insured for. Looks like you are the sole earning member and have dependents. I suggest before you look at any other investment (be it for high or low returns) please insure your life for a sufficient amount by purchasing an online term insurance plan. This will secure the financial future of your dependents. Once you achieve the financial safety for them, start investing.
When you look at high returns, you need to take some risk, without some risk it is not possible to look at “high returns”. Since you are looking at Safety of your investment, I suggest you look at investing in PPF.
If you are able to take some risk, then please understand the concept of investing in Mutual Funds and then start investing in.
Ashish Garg
Dear Debashis.
U can invest additional Rs. 4000/- with Mutual Funds. thats the better option. If u have enough knowledge and time to think over then u can enter into the stock market.and also u have to mantain some emergency fund in ur A/c always to take care of ur monthly expences. Considering that u can increase ur investments.
Basavareddy.