Long term investment options in india 2014
If you are businessmen, you would spend every minute without having time to breath and end up coming back to home at 11 pm in the night. There is no time for us to think about saving, planning nor about our health.
In such situation, it is better to have a plan for your child's future. How to invest in Top Performing mutual funds which can help for your child future? How parents are doing children investment plans now? While insurance agents have been cheating investors by selling ULIP plans which charge high allocation and admin charges, due to lack of awareness, parents still believe this as a good investment plan for their children.
When I said term insurance plan, I am not saying you should take term insurance plan in your child's name. This is an additional term insurance plan you should take in your name for protecting your child's future.
For 30 years of age, this would cost you Rs 5, per annum. Consider taking it for 20 year period after your child has born so that you can protect your child till his education.
If you want to create good wealth for your child education or marriage in the future, one of the best ways is investing in some of the best performing mutual funds. You can consider investing in large cap funds and balanced funds.
If you still believe that mutual funds are high risk even in the long run, try investing in balanced mutual funds. These are low risk funds, comparing to others. This is the power of SIP in mutual funds. Another best and low risk option to create children investment plan is to invest in recurring deposits. Since interest rates are at peak now, one can lock recurring deposits at this rate and create the best plan your children.
Do you know that if you invest Rs 1, per month in recurring deposit, you would get Rs 2 Lakhs after 10 years or Rs 2. Just imagine that if you can invest Rs 10, per month, what would be the value of your investment. Investment in PPF is one of the best way to lock your money for long term of 15 years. PPF account can be opened for 15 years. You can invest Rs 1 Lakh maximum per annum and expect 8.
You can have your child education done in a foreign university. If you are looking for children investment plans in post office, this child plan can help you though PPF can be opened from bank too. This is one of the best proven methods for child education plan. His expectation is that from 11 th year onwards, he should be free from spending money for child education. He would get Rs 2. What an idea, Sir ji? This would be a special gift which you would be giving to our blog.
Invest in Sumridhi kannya account in post office if you have girl child and claim tax benefit safe and sound but locking for 15 years as per rules will get amount on maturity. Hi , I am retired personal and drawing pension from Central Government. Can you suggest any plans where I can save tax on the monthly pension drawn. Go to Bank and make fixed deposit for higher rate of interest with Sr. And at the time of filling the Fixed deposit Form, write monthly interest required in your saving account.
Bank will transfer monthly interest regularly at particular date. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. October 14, at 3: September 6, at 3: Don't Invest in ULiP plan and mutual fund it is risky.
You can buy LIC policy which provide you cover and can claim tax benefit.