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Match your investments with needs

16 The Economic Times Wealth, August 20-26, 2012 Learn & Keep MATCH YOUR INVESTMENTS WITH NEEDS YOU WANT TO BUY GOLD FOR YOUR DAUGHTER'S WEDDING 3 YEARS SOLD YOU HAVE SOLD PROPERTY FOR 40 FROM NOW. If... YOU WANT TO SAVE FOR YOUR SON'S COLLEGE ADMISSION NEXT YEAR. LAKH AND ARE LOOKING TO BUY ANOTHER HOUSE IN 2-3 MONTHS. INVESTMENT NEED Different investment needs require different solutions. Findout which investment will work for you in different situations and why. YOU WANT TO INSURE YOURSELF BUT DON'T HAVE TOO MUCH MONEY TO INVEST. PPF YOU WANT TO INVEST IN A SAFE TAX SAVING OPTION YOU USUALLY HAVE A LARGE SUMLYING IN YOUR BANK ACCOUNT. YOU WANT TO INVEST YOUR RETIREMENT BENEFITS FOR REGULAR INCOME. WITH TAX-FREE RETURNS. YOU WANT TO INVEST FOR YOUR RETIREMENT 20 YOU WANT TO INVEST IN AN EQUITY-LINKED TAX SAVING OPTION BUT WANT SOME FLEXIBILITY. YEARS LATER. YOU WANT TO INVEST IN THE NAME OF YOUR SENIOR CITIZEN PARENTS. YOU WANT TO INVEST IN EQUITIES BUT NEED TO SAVE TAX UNDER SECTION 80C AS WELL. YOUR EMPLOYER GIVES YOU HEALTH COVER BUT IT IS INADEQUATE. THIS WORKS BEST Some other common needs Весаuse HOW TO CUT CREDIT CARD DEBT Convert outstanding balance into personal loan at lower rate. GET RID OF COSTLY LIFE INSURANCE They are offering attractive rates of 9-9.5% THE SOLUTION and assured returns. You can Turn the plans into paid-up policies to avoid premium. Go For... convert these to physical gold when the marriage is It will give you a large cover at a very low price. CHOOSE A CARD FOR A You can get better returns than a savings bank account. GROWN-UP CHILD near. Opt for a debit card linked to his bank account. RECURRING DEPOSITS SCSS gives 9.5% returns with quarterly payouts. MIPS carry low risk. CREATE AN EMERGENCY FUND Put 2-3 months' expenses in a liquid mutual fund. Rates are already high and senior citizens get 0.25-0.5% more. You can combine equity investments with tax savings this way. NPS, DIVERSIFIED EQUITY FUNDS Funds give high returns in the long term. NPS is a low- cost option. THE ECONOMIC TIMES PPF wealth Text: BABAR ZAIDI It earns you higher returns than a savings bank account. Graphics: CHANDER TOP-UP COVER Top-up plans cost lower than a regular policy. The buyer can change his allocation. New Ulips have lower charges. It bundles all three benefits and now offers market-linked returns. =3. GOLD ETFS LIQUID FUNDS TERM INSURANCE SR. CITIZENS' SAVING SCHEME, MIPS ELSS FUNDS FIXED DEPOSITS SWEEP-IN ACCOUNT ULIPS 16 The Economic Times Wealth, August 20-26, 2012 Learn & Keep MATCH YOUR INVESTMENTS WITH NEEDS YOU WANT TO BUY GOLD FOR YOUR DAUGHTER'S WEDDING 3 YEARS SOLD YOU HAVE SOLD PROPERTY FOR 40 FROM NOW. If... YOU WANT TO SAVE FOR YOUR SON'S COLLEGE ADMISSION NEXT YEAR. LAKH AND ARE LOOKING TO BUY ANOTHER HOUSE IN 2-3 MONTHS. INVESTMENT NEED Different investment needs require different solutions. Findout which investment will work for you in different situations and why. YOU WANT TO INSURE YOURSELF BUT DON'T HAVE TOO MUCH MONEY TO INVEST. PPF YOU WANT TO INVEST IN A SAFE TAX SAVING OPTION YOU USUALLY HAVE A LARGE SUMLYING IN YOUR BANK ACCOUNT. YOU WANT TO INVEST YOUR RETIREMENT BENEFITS FOR REGULAR INCOME. WITH TAX-FREE RETURNS. YOU WANT TO INVEST FOR YOUR RETIREMENT 20 YOU WANT TO INVEST IN AN EQUITY-LINKED TAX SAVING OPTION BUT WANT SOME FLEXIBILITY. YEARS LATER. YOU WANT TO INVEST IN THE NAME OF YOUR SENIOR CITIZEN PARENTS. YOU WANT TO INVEST IN EQUITIES BUT NEED TO SAVE TAX UNDER SECTION 80C AS WELL. YOUR EMPLOYER GIVES YOU HEALTH COVER BUT IT IS INADEQUATE. THIS WORKS BEST Some other common needs Весаuse HOW TO CUT CREDIT CARD DEBT Convert outstanding balance into personal loan at lower rate. GET RID OF COSTLY LIFE INSURANCE They are offering attractive rates of 9-9.5% THE SOLUTION and assured returns. You can Turn the plans into paid-up policies to avoid premium. Go For... convert these to physical gold when the marriage is It will give you a large cover at a very low price. CHOOSE A CARD FOR A You can get better returns than a savings bank account. GROWN-UP CHILD near. Opt for a debit card linked to his bank account. RECURRING DEPOSITS SCSS gives 9.5% returns with quarterly payouts. MIPS carry low risk. CREATE AN EMERGENCY FUND Put 2-3 months' expenses in a liquid mutual fund. Rates are already high and senior citizens get 0.25-0.5% more. You can combine equity investments with tax savings this way. NPS, DIVERSIFIED EQUITY FUNDS Funds give high returns in the long term. NPS is a low- cost option. THE ECONOMIC TIMES PPF wealth Text: BABAR ZAIDI It earns you higher returns than a savings bank account. Graphics: CHANDER TOP-UP COVER Top-up plans cost lower than a regular policy. The buyer can change his allocation. New Ulips have lower charges. It bundles all three benefits and now offers market-linked returns. =3. GOLD ETFS LIQUID FUNDS TERM INSURANCE SR. CITIZENS' SAVING SCHEME, MIPS ELSS FUNDS FIXED DEPOSITS SWEEP-IN ACCOUNT ULIPS

Match your investments with needs

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Different investment needs require different solutions. Here is a tool to find out which investment will work for you in different situations and why.

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