Please guide me as to where I should invest. I have jotted down my requirements: In the current financial year, provident fund and unit-linked insurance policies, or Ulips, take care of Rs50,000. Out of the following, where should I invest the remaining Rs50,000?

1. Jeevan Aastha (Life Insurance Corp. of India or LIC)

2. LIC (other policies)

3. Public provident fund

4. Fixed deposits

5. Mutual funds

I belong to a middle-class family and have no savings or bank balance till now. Last year, I invested Rs20,000 in State Bank of India Magnum Taxgain, Rs20,000 in the Reliance Tax Saver and Rs25,000 in Ulips of ICICI Prudential for a three-year lock-in period. I wish to know where I can invest the money to take the maximum benefits in terms of returns. Also, it should be a safe investment.

Anindya

Considering the fact that your risk profile is low, I would recommend you break the amount of Rs50,000 in two parts of Rs25,000 each.

You may invest Rs25,000 in mutual funds and the remaining Rs25,000 in fixed deposits.

This scheme will provide you returns, liquidity and reasonable safety for your investments.

I own 100 shares in Swiss jewels (I) Ltd. Please let me know the new name of this firm and if it is still listed.

R.P. Mehrotra

We have no information about this company. However, you may contact the Bombay Stock Exchange for more clarification and information on this company.

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