Topic: I have to invest approx Rs 50000 for tax saving

Let me know your schemes

Invest in saving scheme fixed deposit in any private bank or buy nfc worth 50k.

If you want to invest in mutual funds then you would get better option of Fidelity Tax Advantage. You may get tax rebate under section 80c. If you would like to go for the term plan or any insurance plan then you can get rebate under the Section 80C and Section 10 (10) D. It depends on you what to choose for such a big amount. Otherwise Fixed Deposit is safer solution which is have rebate under section 80c.

Dont just think of saving from the tax.. also think that you have to get your money back.. it has to provide enough security to your family.. or atleast it should yield you good returns when you want it.. So, just dont take any policy thinking that you are saving tax... There are numerous ways to save tax.. you can take just insurance policy.. or ulips or children plans or halth plans.. As a fincnail advisor, we need to see your profile and then only we can suggest the right product..! If anybody is sugesting you some product just like that.. he might be trying to sell that to you.. Be ware.. Its your money...

Vishy
+91-7893277755

The return should be higher. You should deduct the mortality charges from the premium paid and only after that calculate your return.

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