POSTED BY February 6, 2013 11:09 pm COMMENTS (4)ON
After goin through jagoinvestor I decided to sell off my LIC ULIPs and have a lumpsum of 7 lacs in my savings account. I would like to earmark the amount for my marriage which would be somewhere between 2 to 3 years. I am planning to invest most of it in FD as it is a non negotiable goal.However, I fall in the 2nd tax bracket and hence I feel that I should be looking at other avenues too. Where else should I invest? How much should I keep in FD? Out of the sum of 9 lacs, I was thinking about investing Rs 1 lac in HDFC Short term opportunities at one go & Rs 1 lac staggered over 4 months in HDFC MIP. Please let me know whether you think this would be a good decision.