I am having savings of around 24 lacs, can some body tell me which is the best way to invest this amount?

You can hire a financial adviser to help you invest your money.
There are some Financial Planning companies as well who can plan based on your your future goals and aspirations.
I would recommend that you meet an honest Financial Planning company that can help you invest for long term future.

You can visit: http://www.itrust.in/financial-planning.action to know more about it.

You need to know your risk appetite as well as your current and future projections.
Are you married or single? If single, how long before you marry? If married, what about kids, how old are they? When and how much money you need to pay for their education? Do you need to account for medical expenses of your parents? Can you afford to risk and lose some money? Do you plan to buy a house or car in near future?

All these and more and your attitude, your risk appetite on top of that will tell you best how you can invest that amount of money.

Someone said ncr propoerty prices are set to double. Well, 24 Lacs wont buy you a one bedroom flat in decent area. 24 Lacs is not a small amount. I would advise you to get in touch with suitable, qualified financial advisor They may charge you some fees, but you do not get inefficient and dangerous advise.

On the danger of sounding hypocrite though, you can go for investing in good ranking mutual funds (read Dalal street, economic times etc for ranking). Most mutual funds are managed by very well, highly qualified market professionals. And since their compensation is tied to how much profits they show in their funds, they tend to take very good care of your money and also, mutual fund investments are fairly liquid. Subject to Market risk though.

And to pacify my ncr property advocate friend, if you really do want to invest in property, I would go for real estate fund - which collect money from many small investors - and use the big pool so generated to invest in property. Benefits for you - you not only get exposure to high growth property market with little investment, but also you benefit from their extensive research and investment all over the country. Since many of the funds are owned and managed by big banks and NBFCs like ICICI, HDFC, Reliance, JP Morgan, Citi, Morgan Stanley, Franklin Templeton, Fidelity etc. - you are 100% insured against loot and scoot scams.

If you do have appetite to take risks in equity market but do not have resources, skills or time to trade yourself; you can look at many portfolio management products offered by likes of Sharekhan.com where a portfolio manager manages your money and your investments on your behalf and since he gets commission on your profits (besides small fees), he has a personal interest in managing your money well and usually (i certainly hope) they are well qualified investment bankers. It is more or less like investing in mutual funds, which are same in principal.

There are many more options on how you can manage your money. Really the best answer is to either educate yourself by reading lots of financial magazines, understanding various opportunities, their pros and cons and club them with your financial objectives and goals. Plan your projected high value expenses and projected expense periods, your material desires and take decision by clubbing everything. Investment advisors can help you come to a answer.

With 24 Lacs, you can get a very good professional for a small fees. And if you choose them to manage your money, they do take a commission out for themselves, but the results are pretty much worth it. Stay clear of roadside advisors though.

there are only two safe ways to see that your savings remain safe.
1. Bank deposits. interest app 9 % per annum
2. Property, appreciation at least 20 % per annum if u are in A class city, slightly less in other cities, but good appreciation all the same.
invest 24 lack and take the balance amount as housing loan from bank and see your money grow. I bought my house in 2001 for 23 l and now, in 2008 beginning it is already woth 95 l

Invest it in Reliance power, because its on the boom. Not a single sign of risk.

I think property,later u can even sell them and get more than the double of it

Invest 20 Lacs in FD chose an option where the monthly interest go to your account,the rest 4 Lacs Invest in a 5 Star Mutual Fund
Use the interest to start a SIP ,that way your only option is to watch your Fund grow,while at the same time you are playing very safe.

property in ncr growth double

You have to decide whether to go in for active investment or passive investment. In active investment you invest and actively involved in it to earn out of it. In passive investment you invest and stay back for relaxing. Your age factor and your attitude have to decide this.

Before making any investment decision you need to find your risk-reward ratio. But a good investment would be an optimum mix of all categories of risk and rewards.

My suggestion would be to have an investment in following proportions:

Bank Deposits : 20% - Highly Liquidity but low returns.
Gold : 20% - Almost Liquid.
Real Estate : 20% - Moderate Risk and Good Returns.
Mutual Funds : 20% - Moderate Risk in today's market and Good Returns.
Stock Market : 20% - High risk and very high returns. But always have a confident consultant by your side. At any time don't invest more than 20% being taken by the high returns, as the risk is also more so high. For more details mail me: armozplus@yahoo.co.in

It depends on your objective of investment. Some examples:-

1. Objectives:- Growth, Liquidity not required.
Investment:- Property(real estate), this involves hard work as you will need to be careful if you buy a piece of land, it should not be in any dispute.
2. Objective:- Growth some amount of liquidity.
Investment:- Gofor MFs
3. Objective:-High Risk High return.
Investment:- Share Market.

Don't go for Share market alone. either go for property or go for a combination of investment. Part in Shares, part in MFs and part in govt bonds and postal savings...

Best of Luck...

Mutual Funds or property... Take your pick!

Why dont you ask professional who manage investments.
There are many investing companies.

Rather ask an advisory company for your investment needs. You will get a better answer.......

http://www.mutualfundadvisorindia.in/

You have not spell ed out your requirements. The plans will be different for different categories of people.
Retired & no income: Go for Bank deposit & Mutual funds.
Working & no risk: Go for Mutual funds & Good 'IPO's.
Risk taking: Go for shares and depends upon your luck.
Moderate: Share it in each category.
Not working: Put small amount in business and for livilihood and to spend your time.

get a good portfolio manager

more on my blog

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