Investment

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Rishi Vyas (Querist)

25 October 2009 Mrs X wants to invest Rs. 2 lakhs. What will be the best investment option for her. She is 40 and a working woman (Salaried).

The source of Rs. 2 lakhs is her husband's share in the consideration of sale of house property of their family.(Husbands family)

Please suggest.

Thanks.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)

25 October 2009 Invest in LIC pension fund and with an option pension should strat from the age of 50. Choose a policy wherein only lumsum is payable and no other preium in future. She may get around 5000 per month from age 50.

Rishi Vyas

Rishi Vyas (Querist)

26 October 2009 Shri B. Srinivasulu

Sir, thanks for such a good suggestion.

Regards
CS Rishi Vyas
099232 37133

Rishi Vyas

Rishi Vyas (Querist)

26 October 2009 Shri B. Srinivasulu

Sir,

In case of investment in LIC Pension Fund, is there any maturity period and secondly does the investment qualify for deduction under Section 80C of Income Tax Act.

Thanks & Regards.

Rishi Vyas

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