Saving investment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 January 2013 Dear Sir,
A house wife aged about 55 years want to invest Rs.6 lacs of her savings. Please suggest me which of following schemes would be better for investment -

1. NSE
2. PPF
3. FD
4. Post office MIS

Please suggest your view, Is there any scheme, which does not attract tds provision?

Trinadharao Adigarla

Trinadharao Adigarla (Expert)
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26 January 2013 post office MIS

CA Prashant Gupta

CA Prashant Gupta (Expert)
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26 January 2013 I think NSE.
because PPF is for 15 years. if she has not account before. which you didn't clarify
FD, I am taking FD as tax saving FD because you are talking about investment. as she is 55 yrs. so as practically it is not suggested to invest for 5 years min.
Post office mis is monthly so you will not invest 6 lac in one time. thats why it is also not advisable
NSE can be matured easily before time. so i prefer NSC for 55 yr old

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