My mother is 70 years old & a pensioner. Before this 31 march I need to invest 1.5 lac rs for her with tax saving purpose. Every year I simply get one tax saving FD created as being a staff member we get additional .5% in interest rate. Kindly advise if we have a better mode with a good return like a single premium plan etc. She falls in 20% tax bracket & has no requirement of funds hence we can invest for long period too.
We planned to purchase PMVV scheme of LIC next year & will also start SIP for her with best tax saving MFs as per ur blog. Hence question only remains for this year’s investment of 1.5 lacs