Need advice on Investments and Financial Planning

Q & A Forum › Category: Financial Planning › Need advice on Investments and Financial Planning

Himanshu Shekhar asked 9 years ago

Respected Sir, Namaste!! Yesterday My Parents got rs.5,00,000 of my elder brother from LIC accidental cum death insurance plan. They want to invest money in MONTHLY INCOME SCHEME. Where to invest; in post office or in Mutual Funds. Please Suggest. Our family income is mostly dependent on the revenue which comes from house rent worth 10,000rs. My father's age is 50yrs.Mother's age is 46yrs. and I am of 21yrs. preparing for Defence services. Our Aim is to have sufficient money per month to afford our livelihood expenses smoothly!! wating for your valuable Advice! Thankyou!!

Himanshu Shekhar replied 9 years ago

Sir i need your words on UTI monthly scheme!! Shall I go for Post office MIS or UTI??

3 Answers

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Sreekanth Staff answered 9 years ago

Hi, You may suggest them to invest in Post office Monthly Income Scheme. For more details, click here....

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Sreekanth Staff answered 9 years ago

Hi, Are you referring to Mutual fund MIP Schemes? Kindly read : https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/

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Himanshu Shekhar answered 9 years ago

Thank you Sir!!