[INDIANS] How do you invest/save money??

Hey guys,

What are the best ways to save or invest the money in the right way in India?

I should start start saving or investing something from now,as its necessary for my future and also for my Income Tax returns

Well,I was thinking,

• LIC Plans.
• SBI MAGNUM Mutual Funds.
• SBI Fixed Deposit.
• HDFC Pension Plans.

I dont have anymore knowledge in this. I just know these above good things,but im not sure,if they are the best or if they do have so glitches.

SO suggest me for the best!
Got to save for my BMW also ...

 

For Tax benefit as per mentioned above and other investment you must have all kind of investment includes gold, stock/mutual fund, real estate and FDs.

 

Dude,are you crazy or drunk ??
Im not here for stupid spamming .
I have asked for a suggestion..

 

How to invest on GOLD and REAL ESTATE ?
Heard it for the first time..

What bank's FD do you suggest ?
Im also thinking for SBI MAGNUM MF. It seems good..

 

I think it is LIC
Gold
Kisan vikas patra
fixed deposits.

 

Investment in gold and real estate is also a good thing

First invest, wait for the price to go high, take money out and have fun
Something like share market

anyhow, Best of luck for your plannings

 

FD in every Nationalised bank is safe, FYI other wise also there is an insurance cover up to Rupees One lakh in any bank.
You must consider the market condition for the mutual fund investment.
For investment in Gold there are many funds so for the real estate. (or you can buy any property as per the budget if you wish so)
The idea is one must invest money in various options.
Good luck.

 

I invest in myself - learning new things, learning how to do business, learning how to live ! That's all what I need at the moment

 

I was thinking of this REAL ESTATE trick,but it dint play good,as I always bought news when I saved some good money

So FIXED DEPOSIT is a good one,I guess..

But I fear to with private banks for long term plans lol.. Better to go with SBI always..

 

Always put your money where ever you are comfortable.
Good luck.

 

Depends on ur age and how many depend on u. There are many other factors as well

 

My Age : 21 now

My whole family depends on me. Its around 6 members in my family. Not a problem for me.

 

lic is the best way to save income tax.

i m also like icici prudentioal.

 

Yes I have some LIC .

But not sure abt ICICI,as many says that,ICICI plays in that part. ICICI is good for banking only

 

Indians save money mainly in LIC and bank fixed deposits and also in provident funds.

 

Oh yes dude, I forgot to ask abt PROVIDENT FUNDS
There are many big ppl saying to invest in PFs.
What abt it ?
Is it good ??
And Im a Business man. Can business man apply for PF or only ones with a job ??

 

you can give the money to me and i'll save them for you and make them breed too

 

@ali

Bad idea

 

Lol,take my money and me also. Ha ha ha ha ha