Where to invest LIC money (maturity) for long term 7-10 years ?

POSTED BY vimalvora ON January 16, 2014 10:10 am COMMENTS (5)

Sir,

i want to reinvest my lic maturity for a period of 7-10 years . how to save tax  and generate tax free money on maturity.

5 replies on this article “Where to invest LIC money (maturity) for long term 7-10 years ?”

  1. ashalanshu says:

    Dear Vimal, she may invest in debt funds or even bank FDs. Her income tax slab is just 10% so FDs are also a good option.

    Thanks

    Ashal

  2. ashalanshu says:

    Dear Vimal, is your mother earning any income as on date?

    Thanks

    Ashal

    1. vimalvora says:

      Sir,
      My mother’s net annual income is around 3L .

  3. ashalanshu says:

    Dear Vimal, how much amount is involved? What do you want at the end of 7-10Y from this money? What are your other current investments?

    Thanks

    Ashal

    1. vimalvora says:

      Sir,
      The lic maturity is of my mother age 58 is around 4L. i want to reinvest for 7-1o years period by saving tax and on maturity my mother gets tax free money.
      where should i invest f.d, ppf ,or any other bonds where interest is tax free and maturity is taxfree.,
      pls give your valuable suggestion

      Thanks
      Vimal

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