1) if you dont have time -> keep it in FD
2) if you have time to monitor -> dabble in MF
3) if you have patience without heartbreak -> juggle into stocks BY YOURSELF (never take tips from anyone, go with learning yourself)
4)......... ETC
5) final piece of suggestion: NEVER EVER GO FOR LIC..... THEY ARE DAY LIGHT LOOTERS (why? because of agent commission your return will be ALWAYS LESS THAN FD)
Side Note: LIC is designed that way:) by default xD to give you LESS RETURNS THAN FD, after giving lot of commission to agents TO KEEP AGENT LIFE SAFE not for your life xD
1) if you dont have time -> keep it in FD
2) if you have time to monitor -> dabble in MF
3) if you have patience without heartbreak -> juggle into stocks BY YOURSELF (never take tips from anyone, go with learning yourself)
4)......... ETC
5) final piece of suggestion: NEVER EVER GO FOR LIC..... THEY ARE DAY LIGHT LOOTERS (why? because of agent commission your return will be ALWAYS LESS THAN FD)
Side Note: LIC is designed that way:) by default xD to give you LESS RETURNS THAN FD, after giving lot of commission to agents TO KEEP AGENT LIFE SAFE not for your life xD
Think of the inflation in 18 years. 8 lakhs is not a significant figure by 2040's looking at the trend of price rise these days.
Best is to invest in stock market - put it in a basic index fund (or split it into 3 or 4 blue chip ETFs) and let it multiply over time. Dont take it out even if market crashes - over time it will have better returns than FD
Real estate, gold and stocks are the only options that beat inflation.