Investment

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2012 my client is going to receive 10 to 15 lakh on retirement...i want to know where to invest so as to receive good amount of interest and should be least taxable......

i want to know the good investment options....

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

15 July 2012 I would like to suggest him to invest at least 25% in the shares of the best performing companies, in the fields of Infra Structure, Capital Goods and Pharma.
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He may invest in the Bank FDRs, as the interest rates offered by banks are quite attractive now, having flexibility, and in case the retiring person is Senior Citizen, advantage of extra 0.5 % interest makes FDRs more attractive.
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In case his PPF Account is still in force,
utilise Rs.100000/- limit in full.
.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2012 how to earn a monthly income from the amount invested,which pension plan to take...are pension plans useful...as he is not going to receive pension

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

15 July 2012 Actually in pension plans, had he started to invest from 8-10 years back he would get good returns. In PP- Yield is around 9%-10% only and does not beat FDR Interest in the current scenario.

However, he may opt for LIC's Pension Plans
which provide immediate pensions.

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