2007-02-17 02:43:13 · 11 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
mutual fund is a good option. but if you dont know anything about mutual funds or shares then there are agencies who take care of it and gives you monmthly returns.i have done a similar thing.
there is a reputed co. who opens a demat acc for u and does the trading for u. and gives u 7.5% monthly i.e in ur case of 3 lacks u will get monthly 22.5 thousand. also this is not a term based. like if u need ur inveseted money u can alswyas inform 10 days before the month end and from next month u r free. this is very safe and secured, i have done the same thing. if u need more info u can page me on nnazima at yah**
2007-02-17 17:39:58 · answer #1 · answered by naz 1 · 0⤊ 0⤋
Check out this company. We just invested a good chunk of an IRA and were rewarded with a 12% bonus for the next 5 years on anything we invest. You can't lose any money - it's a fixed fund. Check for the firm nearest you.
2007-02-17 02:52:42 · answer #2 · answered by CricketB 2 · 0⤊ 0⤋
Stay invested in mutual funds if you are averse to stocks. If you can stretch to 5 lakhs you could consider approaching any of the PMS - Portfolio Management Scheme of leading brokerages. they provide excellent return on capital !! Look for those which have a proven track record and chose an option depending on your risk appetite.
2007-02-17 02:52:56 · answer #3 · answered by Raghav 4 · 0⤊ 0⤋
As you are retired you should not take any chances and invest in stocks or mutual funds as both are risky and the capital can get eroded. Safest bet for you will be the Monthly Income Schemes of the Post Office, where you will get monthly income and your Principal also remains intact.
2007-02-17 03:04:16 · answer #4 · answered by Rahul 3 · 0⤊ 0⤋
The best place to invest your money is the government banks.That is the one and only the best place than the private banks.
2007-02-17 03:17:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
(1) Put in mutual funds, whatever amount of money you can put in and leave it there for at least 5 yrs.
Don't put any money in there that you don't plan to leave in mutual funds at least 5 yrs.
(2) If you want a good Savings account, you can get 6 % interest rate at www.hsbcdirect.com but after 2 months the rate will likely drop to 5.05 %
2007-02-17 02:58:29 · answer #6 · answered by JustPeachy !!! 5 · 0⤊ 0⤋
State Bank of India splitting 3 1 Lakh Fixed Deposit, because, you feel releived which cannot be expressed in words, as you experience.
2007-02-17 03:07:53 · answer #7 · answered by kumar 2 · 0⤊ 0⤋
Invest in lottery tickets
2007-02-17 02:46:33 · answer #8 · answered by JACKHOFF 3 · 0⤊ 1⤋
if u r in india, book a state housing board house in chhattisgarh, purchase a land if want to multiply,if u r alone and no one is to look after the plot/house deposit with post office.
2007-02-17 04:11:47 · answer #9 · answered by gcetpass 1 · 0⤊ 0⤋
invest in pension plan other wise in dept fund of mutual fund(low risk)
2007-02-17 03:37:14 · answer #10 · answered by ravi 2 · 0⤊ 0⤋