Question: I am 26 yrs of age...my yearly CTC IS 5.5 LACS ...I HAVE TO START MY INVESTMENT PLANNING NOW. Can you please suggest some good investment options keeping in mind that I want to diversify my portfolio. Also please tell me how are endowment plans of LIC in comparison with PPF as an investment option. Please suggest some good TAX SAVING SIPs.
Answer: Dear Ms Neha, endowment plans of LIC are life insurance policies that offer bonus at the time of policy maturity, whereas, PPF is a fixed income investment product used chiefly for building retirement corpus.
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Warm Regards,
Expert @ InvestmentYogi