Answer to Question #262359 in Finance for anshika

Question

Dr. Naina who is 27 yrs old has just completed her PhD and is newly employed with XYZ University. She has no knowledge about financial investments apart from traditional investments like FD/RD. So, she approaches her relationship manager in bank for financial advise. As her relationship manager, which financial products would you suggest her to invest into, considering her age and risk appetite. Also consider her tax liabilities so that she can avail the benefit of the investments.

Answer 1

I would suggest Dr. Naina to invest in company shares. This is based on the fact that she will always be receiving her income from the shares on monthly basis. This may serve as her security income and also for the case of emergencies that she may face.