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Which is the best investment plan in India for middle class 2020?

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Which is the best investment plan in India for middle class 2020?

1. Public Provident Fund (PPF) PPF is one of the most popular investment options among the lower-and-middle-class section of the Indian population.

Which SIP is best for 3 years?

Top SIP Mutual Funds in India

SIP Plans Type 3 Year
ICICI Prudential Balanced Advantage Fund Balanced Fund 9.16\%
ICICI Prudential Equity & Debt Fund Equity Fund 11.11\%
ICICI Prudential Value Discovery Equity Fund 7.34\%
Kotak Standard Multicap Fund Equity Fund -1.28\%

Should I invest Rs 24 lakh in equities or fixed deposits?

While your long investment horizon should make equities an attractive option, the ‘monthly income’ requirement restricts your ability to absorb market fluctuations. Hence, I suggest you invest the balance – Rs 24 lakh -in a fixed deposit in one of the top banks.

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Is buying a flat or plot a good investment option in India?

Buying a flat or plot is the best decision amongst the investment options available in India. The risk is very low because the rate of the property increases within 6 months. Real estate investment works as an asset, which is considered as one of the best investment plans with high returns over a long term period.

What should I do with 24 lakhs of savings?

Hence, I suggest you invest the balance – Rs 24 lakh -in a fixed deposit in one of the top banks. “Assuming you earn 8\% per annum over 10 years, you could receive Rs 16,000 per month. You could sweep this interest into your savings account every month.

What are the salient features of LIC money back 25 years policy?

The following are some of the salient features offered by the policy. The Money Back 25 years LIC plan offers a settlement option to receive the maturity benefit, which means that the insured can receive the maturity benefits in installments over the chosen period of 5 years, 10 years, or 15 years.

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