My father worked in bsnl department recently died and i got 30 lakh rupees as office amount and insurance amount. please tell me what i had to do. some are saying to invest in post office. some are saying to invest in bank.some are saying mutual funds. kindly tell me what i had to do it.is it safe to invest in banks. how i had to divide kindly suggest me friends
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If u wanna play safe and keep this for u'r future, investing in RD/FD or Post office wud be advisable.....but 30lkhs is a large amount to lock in for a large period.....also the returns wud be less.....one way is to divide this is 60-20-20....60% u cud secure in Post Office/ Bank(check the interest there and never break this) while the remaining 20% u could invest in mutual funds....remaining 20% u could run in shares(do the wisely with gud opinion) or invest in so business of yours.