Best Savings Plan

Discussion in 'Money Matters' started by navathaj23, Jun 30, 2015.

  1. Jun 30, 2015 #1
    navathaj23

    navathaj23 New IL'ite

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    Hi all,

    As I am very confused on which type of savings do i need to go for tax savings also.
    i am planning to save 30k per month. Can any one please suggest some good way

    thanks in advance
     
    navathaj23, Jun 30, 2015
    navathaj23, Jun 30, 2015
    #1
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  2. Jun 30, 2015 #2
    chillbreeze

    chillbreeze Moderator Staff Member IL Hall of Fame

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    Hi, I would suggest diversify your investments into both traditional and equities like PPF and MFs. You can invest in a house or plot and claim tax saving for home loan and also PPF. Regarding MFs, you can opt for SIP as that is a good option for people like us who do not know/keep track of the market on a daily basis. If you have life/health insurance cover you can use that also for tax saving.

    @Shanvy any more pointers?
     
    chillbreeze, Jun 30, 2015
    chillbreeze, Jun 30, 2015
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