where invest ?

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

10 September 2010 A SORROWFUL NEWS THAT MY FRIEND'S FATHER EXPIRED LAST MONTH DURING WORKING HOUR. HE WAS AN GOVERNMENT EMPLOYEE. SO MY FRIEND FAMILY RECD ABOUT 20LAKH FROM TELEPHONE DEPARTMENT INCLUDING PF, GRATUITY, COMPENSATION ETC.
NOW HE WANT TO KNOW THAT WHERE HE INVEST THE MONEY SO THAT HE COULD GET FRUITFUL BENEFITS FROM THAT INVESTMENT FOR WHOLE LIFE. BECAUSE HIS THREE YOUNGER BROTHER AND SISTER ARE BELOW TO EIGHT STANDARD AND OBVIOUSLY UNMARRIED.

PLEASE HELP..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

11 September 2010 Lot of Investment options are there, I suggest go for some Deffered annunity plans, or ULIP plans under Insurances companies, and Mutual funds are also having good return,

I keep open for futher suggestions

Message likes : 1 times

CMA Amit Varma

CMA Amit Varma (Expert)
Follow

11 September 2010 more details are required b4 one comment on that......
if they want a monthly amount then post office MIP may b a good option but put 10 lakhs there n devide next 10 laks in two parts and can b put in mutual fund(equity)(5-6 Lakhs) and rest in some fixed deposite scheme.......obiously other factor like house and other requirements like money for education etc has to b considered.....
but 1 thing is for sure dont put your whole money directly in market.........

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!