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Discussion on financial matters, loans, tax, and insurance related to property/apartments/flats/plots in Faridabad, Greater Faridabad, NCR.

Investment Guide: Which is better - LIC, NSC, PPF or FD ?

Postby webmaster » Wed Jan 15, 2014 8:55 pm

Dear Members,

As the Financial year is coming to an end and Salaried persons need to submit Investment proofs to avail Tax benefit, need advise from our Financial analyst/expert members on Small Savings Schemes.

Which investment option is recommended among the following to get maximum benefit?

  • LIC Policy
  • National Savings Certificate (NSC)
  • Public Provident Fund (PPF)
  • Bank Fixed Deposit

Suggestions are welcome :)
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Re: Investment Guide: Which is better - LIC, NSC, PPF or FD ?

Postby deven1101 » Thu Jan 16, 2014 8:21 am

PPF is best as interest rate is maximum and its a EEE. No tax at any stage.
LIC is also EEE but return very low.
FD and NSC have tax on interest earned as it would add to total income of that FY.
Apart from these guaranteed investments ELSS also good.
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Re: Investment Guide: Which is better - LIC, NSC, PPF or FD ?

Postby umesh.prabhakar1965@rediffmail.com » Thu Jan 16, 2014 9:16 am

The entire Tax Savings instruments are good and subjective in nature,too. The whole phenomena of tax saving will be based on the individuals understanding on horizon/period of savings.

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Umesh Prabhakar
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Re: Investment Guide: Which is better - LIC, NSC, PPF or FD ?

Postby yadav_ajay » Thu Jan 16, 2014 10:32 am

very rightly said by Umesh ji.

All investment portfolio depends on your age, duration, risk taking capacity, and objective (Tax Saving or just investments), amount to be invested.

All these factor differ individual to individual, so, portfolio.
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Re: Investment Guide: Which is better - LIC, NSC, PPF or FD ?

Postby webmaster » Thu Jan 16, 2014 6:41 pm

Thank you all for the inputs. I understand Investment needs proper planning and consultation.

Just wanted some quick inputs if NSC and Fixed Deposit returns the same interest amount.
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Re: Investment Guide: Which is better - LIC, NSC, PPF or FD ?

Postby umesh.prabhakar1965@rediffmail.com » Fri Jan 17, 2014 9:11 am

Dear Jayanta,

NSCs and FDRs do fall in the category of 80(C) but they don not fall in the category u/s 10(10)D.
It means GAIN is taxable at the time of maturity. PPF account is the instrument for at least for 15 years and fall in the category of both the sections( as per existing income tax act).

This is for the information

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Umesh Prabhakar
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