Correct Investment Policy for my pocket

POSTED BY Afaque Shaikh ON April 12, 2012 12:52 pm COMMENTS (2)

Hi ,
My name is Afaque,

I want to invest 50k in an investment plan for 5yr. Can u suggest me with a safe and assured returns plan.
On my recent visit to HDFC bank the agent adviced me to invest in HDFC Crest plan.

Looking forward to your valuable advice

2 replies on this article “Correct Investment Policy for my pocket”

  1. Dear Afaque, ‘ll you invest 50K one time or 50K yly for next 5Y? can you clarify? What you are planning to do with these 50K Rs. & some addition on it after 5Y, any goal?



  2. Ramesh says:

    Go with a FD/RD as per your convenience. Nothing else will provide an assured return.

    HDFC Crest plan is anyways a 10 year plan. Do not go with any type of Insurance plan.

    If you want to save tax, there are tax-saving 5 year FD also (but your money is locked for 5 years). While in a normal FD, you can liquidate the FD, in case of need (though, with some penalties).

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