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Need help regarding investment planning ?

Hi,

Few months back I have started working. Now I want to plan about my investments.

Currently I am drawing 23k p.m . I have opened 2 LIC policies one of 30k and other of 19k.

Now, I have to show the investment of another 50k to save tax.

Could you please let me know, where should i invest wisely. I am confused whether to go for PPF or for some ULIP plans ( like HDFC Crest or ICICI Pinnacle ) or some Mutual fund investment..

I am the only working member in my family having the whole responsibility. So, I want to invest wisely.

Please help.

Thanks in advance.

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