Conservation of money is of huge importance to everybody. Deciding where to to invest is a huge confusion to most of us. Lets see various instruments where one can distribute his/her assets...
- Savings account (in the bank -3.5% interest rate)
- FD - Fixed deposits (Currently banks offer around 8.5% to 9% for a term deposit of one year) - absolutely risk free. Can save tax if FD term is for 4 years.
- Life insurance (there are Unit Linked Insurances Plans too - ULIP- this gives better returns than the conventional insurance policies but contains risk)
- PPF - Public Provident fund
- NSC - National savings certificate
- Infrastructure bonds
- Mutual Funds(Can save if invested in ELSS for 3 years)
- Invest in the Stock market.
