Recently retired from job. Where should i invest to get maximum earning?

Question

I got Rs.10 lakhs as retirement benefits and want to invest in a safe place and also expect maximum income from it

Answer 1

Best you invest in half your money in Reliance Balanced fund and other half you can divide and put with TATA AIG Maha life plan to get more returns and in HDFC Standard life pension plan to get instant pension for your sum invested. This way you can save for future, invest to earn at instant and also manages to keep enough money with you to live further.. SIR UTHAA KE..

Answer 2

eYou can invest all your money in the retirment scheme offerred by Post offices for retired people and senior citizens where the investment limit is Rs.15 lakhs and an interest of 9% per annum is payable on quarterly basis.It works out to Rs.22,550/= per quarter or Rs. 7500/= per month. Income tax will not be deducted at source, I suppose. The best thing is to consult your auditor before making the investments.

Answer 3

There are lot of options for investment it depends upon the risk you can take but as ur retired the risk level should be low.
So dont lay all your eggs in one basket instead bifurcate your risk you have certain risk free investment options but the real interest rate is very low.
So the mix which i suggest you is to invest some part ie 30% in diversified mutual funds(but check thier performance before investing)
Next could be in the bond market some where around 25%
invest 20% in Bank FD
Invest 25% in NSC
invest 10% in Shares

I am sure this would provide a good return for you

Answer 4

It will all depend upon how much else you have saved to back upon and do you have pension? Also on what responsibilities are remaining in your life?
Assuming you don't have any responsibilities remaining, your pension is 8000 per month, you have saved 10 lakhs in secure instruments already.
I'll suggest 6 Lakh in Post office MIS, 3 lakhs in six 5/4 Star rated MIP Mutual funds for 50000/- each in quarterly dividend option and remaining 1 lakh in five 5/4 star rated equity diversified funds for 20000/- each in dividend option. Source of rating www.valueresearchonline.com

Answer 5

if u gave us rs one lakh we promise u to give a return of rs 2 lakh with in 2 years.contact 09350479971.this is the delhi no

Answer 6

Be very careful with your money.. You can invest in the annuity program that LIC offers and get fixed income till the very end.

Answer 7

I had the opportunity of INVESTING with VIJAYA BANK (one of the Nationalised Banks). They are giving interest of 9.25% per annum on Fixed deposits of 60 months (under Platinum Jubilee). Please enjoy the maximum rate of interest received from Nationalised Banks.

Answer 8

invest ur 20% in gold 20% FD /postal/bonds 40% mutual fund (with SIP)20% of ur choice.....