Dear Sreekanth I am a retired person. I have my retired benefits in FDs and Mutual Funds.Now I am 5 Lakhs amount from FD. As interests are low ,please suggest me where to invest to get good monthly interest. How is SREI NCD which gives 9.6 % for 5 years monthly.
S.RAMAKRISHNA
4 Answers
Hi,
May I know if you are totally dependent on this investment income? (or) do you have income from any other sources? Do you have dependents and/or have any financial commitments?
Kindly read my view on NCDs;
http://www.relakhs.com/latest-ncd-issues-2016-2017/
Also,
http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
Dear Sreekanth
Thank you for your response.I have other FDs and Mutual funds .This amount of Rs 5 lakhs I want to invest for getting best interest monthly.We are two members( me and my spouse). I have gone through your two blogs mentioned also. SREI NCDs are secured NCDs. What do you suggest. Should I investentire 5 Lakhs in this. Plsuggest.
Regards
S, RAMAKRISHNA
Hi,
Kindly understand the risk Vs return of NCDs. You may invest in SREI NCD monthly payable option (if the issue is not over-subscribed) or in any other upcoming Secured NCDs with good Credit Rating. But, kindly do not invest entire Rs 5 lakh in one NCD issue.
You may also consider Sr. Citizen Savings Scheme of Post Office, quarterly interest is payable (or) MIS scheme.
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