Hello Srikanth,
This is on behalf of my father who is a retired person, I am listing out the investments being made but I am quite paranoid thinking of the inflation and cost of living in the future..kindly guide me through on deciding the right investment option for future. I may be needing a good sum in a year for some medical assistance.
Investments
1. Post office senior citizen account
2. SBI life single premium
3. Sundaram finance
Pls let me know if I need to give more information.
Thanks,
Aishwarya
1 Answers
Hi,
If you are making investments with a time-horizon of 1 year and if you require it for your father's medical treatment , kindly do not take any risk and opt for Fixed deposit / RD.
Kindly do not buy life insurance cover and do not consider Sr.C.S.S as the amount gets locked for 5 years.
Ok I can understand that but apart from that can u suggest any short term deposits which give good return with lesser risk ?
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