Need A Financial Product Forums Trading/Investments Where should I invest my Rs. 4 lakhs

This topic contains 1 reply, has 2 voices, and was last updated by  Mohan Kulkarni 2 years, 7 months ago.

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  • #47051

    I have Rs. 4 lakhs to be invested in some safe investment alternative. Basically I am looking for monthly income. Since I am novice in matters related to financial world, I really do not understand where to invest. At this stage I cannot even take risk. Please suggest me something.

    #47052

    Sampat Kadam
    Member

    Since you want to play safe, I will suggest you to go for monthly income scheme of post office but it will block your funds for next 6 years. As these days, banks offer FD with monthly payout option, you can also think of investing your money there.

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