When I was working, I had no idea on how to invest money. My friends generally give a suggestion, “Go and invest in an LIC policy”.
And I kept on investing on LIC policies blindly, and after several years, there were too many policies on my table. And the sad part is, I’m still figuring out what each policy is all about.
So, my dear friends, please don’t invest your hard-earned money blindly hearing your friend’s opinion. It may not hurt now, but it really hurts at a later point, especially when you start doing your financial planning for you and your family in future.
Here are the safe, best and low risk investment options compared to all other options like LIC policies, Fixed deposits etc
Public Provident Fund (PPF)
PPF is one of the safe, low risk and best investment options. The benefits are huge, and completely exempted from income tax.