how to invest retirement benefits

Dear Vishnu,

Total Portfolio will be around Rs. 16 Lacs

For Security reasons -

Investment in Post office Senior Citizen Scheme,/KKVP's/NSC's etc - around 50% of the total portfolio 

For Liquidity Purposes -

Investment in Fixed Deposits - around 30% of the Total portfolio

For Higher Return& Tax Exempt Income -

Investment in Equity Linked Mutual Funds - around 20% of the total portfolio...

I know u may say that u have invested 80% of the funds under taxable schemes but my friend if u take an average rate of return of 10% then on Rs. 13 lacs it comes out Rs. 1,30,000 which is well below exemption limit...

Dear Sir,

You can invest in UTI Mahila Debt Fund in name of your wife. Please check last 5 year returns given by this fund. Altough there is some risk but it is worth investing in this particular scheme by UTI. It can give you around 12-13 % p.a. return

Regards,

CA Rajesh Poddar