LAck of investment ideas

Hi,

Start with index based and balanced mutual funds and after 6 months or so, gradually you can increase the exposure to other areas. Also start with smaller amount. Investing in stock market should be always done with surplus money only.

 

one option is to take loan and buy land. or else invest in gold. You can also put it as RD as the interest rates are almost at peak. But RD is saving and not investment.

 

You can partially investment in High risk areas like stocks and Mutual funds.It gives you maximum returns also and are not locked for cartain period.If you are afraid start with SIP.

Remaining account you can invest in Gold/RD for short term investment options

NSC/PPF for long term

 

First of all you should decide whether it should be on a long term basis or for a short term. If you want a risk free environment the rate of interest is very less, if you don't want to get the money back immediately you can start a PPF account, NSC, where you have a tax savings option. Within 1or two years then you can start an E-RD (this option is available in SBI where you can start the RD at the comfort of our home). We started investing in SIP last year and it ended up with a loss of 20%. If you can invest a particular amount for a 5 years then you can start in post office. You can invest in gold funds or monthly chits. You can invest in Shriram chit, which is a reputed one or you can combine everything and split it for ten different investment plans, you can include SIP for few thousands. You can buy 0.5 g gold or for say 10 gram of silver coin per month as a part of your saving. Hope this will help.

 

Purpose of investment and term????

 

amnilLakshmi,
You have one more best option on investing your money.As you said you are able to invest Rs.10k per month.
1.In India few gold jewellery shops are there , who do monthly savings scheme for gold,like if you invest Rs.10k every month for 1year,at the end of 12 months they add some reasonable amount as interest, and you can use the total amount in buying gold.Gold is the best investment.You can buy as jewel or as gold biscuits .Every year you buy gold biscuits as per your saving.But you need to choose a very good shops.
2.Or every month you get gold coins for Rs.10k worth ( around 4grams) and keep buying.If you keep doing this for 25 months, you will have 25 coins,which is 100 grams worth of gold. Just replace those 25 coins from the same jewellery shop and get a bar of gold worth of 100gm.

 

FD/RD/PPF are the other options apart from the above mentioned.