Where can i invest ? like ( lic money plus or..) .50 lac with tax benefit n good return?

Don't go for LIC money plus. Last year march till now it has fetched only Rs.2.40 per unit. That too after opting for Growth fund (Total investment in shares). The index from last year march till now is about 60% jump. Useless mutual fund.

Now as the index is higher do not take the risk if losing your own money. It is better to go for a Bank FD which comes under 80C benifit with 9%PA interest. Your funds will be locked for 5 years. Before investing in FD, ask them wether that FD comes under tax benifit 80C or not.

If you are still interested in investing in a unit linked savings scheme, then open the below web link and select one among them.

http://blog.investraction.com/2006/10/ul...

try to deposit in govt. bonds. approach nearest post office. do not trust private agencies!

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