Where shall I invest 50k to get max returns?

POSTED BY [email protected] ON March 31, 2012 12:49 pm COMMENTS (2)

Hi

I am currently holding 3 policies:

1. LIC Jeevan Saral (12k Yearly),
2. LIC Wealth Plus (20k Yearly)
3. HDFC SL ProGROWTH 2 (50k yearly)
4. Health Insurance (3500 Yearly)
and a PPF account.

After paying the premium for these policies I have around 50 – 70 K to invest.
Please suggest where shall I invest to get maximum returns?
I am earning 30 K monthly. What can i do to minimise the tax?
Is it wise to put 10 K in PPF yearly?
Also i want to confirm — we can declare max 1 lac investment for tax relief ?

2 replies on this article “Where shall I invest 50k to get max returns?”

  1. AB says:

    I have PPF as well as EPF. As EPF rates are comparitively less, i am investing in PPF.
    My age is 25.

  2. Dear AB, do you have PF account with your employer?

    thanks

    Ashal

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