Need Advice on Investing yearly 1,50,000/- Long Term
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Hi Dimers,
I’m planning to invest around 12,500/- per month or 1,50,000/- yearly for my daughters future. I can invest for 8-12 years. So please suggest me some good plans or funds to invest. Not looking for any 80c tax benefit, if i can get lumpsum amount after 20 years will be beneficial.
I was advised HDFC LIFE Sanchay Par Advantage fund by one of the advisor. But i dont want to trust him blindly by the charts he is showing.
I’m already investing in Suganya Samrithi Yojana (yearly 1,50,000/-).
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Thanks Bro,
I’m already investing in SSY . Do you any any specific Equity fund suggestion?
@ OP what is your present age and the rate of tax
I will share 20 to 30 stock. Buy it now. after 8 year sure it will give least 10 times return.
must…ek dum Saradha chit fund type.
Stock market mai nothing is guaranteed
1. Please don’t mix investment and insurance. HDFC sanchay plus won’t give you return more than 6% CAGR. HDFC is showing all sort of wrong representation when selling those schemes .
2. If you are ok to take risk .just go monthly SIP into index fund. Equity will beat all other investment over long term.
3. SSY is good scheme with fixed interest. Have something going into that as well.