Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

I want to invest 10,000 for tax saving purpose, advice me good investment in sense of good return and safety.
thanks

Tags: thanks, advice, tax saving
Asked by ashvini kumar, 06 Mar '07 11:41 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (5)

1.

the safest way to invest is in PPF or NSC. But returns are low. Remember the more the risk the higher the return.
Answered by sumit bagla, 06 Mar '07 12:02 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

PPF is the safest and best option. Not only will it help you save tax but is a great way of wealth generation also.

Answered by EmM, 08 Mar '07 06:41 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

If you want to save tax & u haven't insurance policy. Invest in Insurance & if u want good return too. U can invest in UNIT Link Insurance Policy.
Answered by Tarun Aneja, 06 Mar '07 12:05 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

Hello.If you want to insure yourself and your family,it is a good option.But if you want to grow your money,then it is not a good idea as insurance is basically to insure yourself of money.This is the Era of Specialisation and insurance and growing money are two different fields and one should try to avoid both in one scheme(in case of ULIP).If you want to insure you and your family by taking life insurance,mediclaim policies,see to it that you consult a financial advisor and not just an insurance agent or anybody because every family is different and their insurance needs are different.Hope you understand this.
.My advice for your long term investment would be these fund schemes.These funds are Equity linked and have delivered good returns when the market has gone up and sustained the bad periods of the market since its inception.Hence they are the proved ones.They are tax free for upto 1Lac rupees invested in them.Equity linked Mutual Fund earnings are Profit (or) Loss earnings and ...more
Answered by Abdul Rehman, 12 Mar '07 01:11 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

invest in SBi magnum Tax Saving fund ....
Answered by daksh, 06 Mar '07 01:49 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining