The first step in drawing up a financial planner is that all the money under no circumstances should be invested in one single mode of investment. An investment efficient financial planner should focus on investing the surplus funds of a woman taxpayer in the following seven groups:
	Zero risk investments
	Investments in the equity market
	Investments in mutual funds
	Investments in real estate
	Investments in insurance policy and pension plans
	Jewellery and other investments
	Risky investment options

The investment in each of the groups would, depend upon the prevailing circumstances in the family. In the Zero risk investments, one should think of those investments which bring a lower yield to the woman taxpayer but the principal amount of investment does not get affected by any of the market conditions. For example Bank fixed deposits as also Post office monthly income scheme. If you want to venture in the stock market then you can try making investments in IPO’s i.e., the new public issues of the companies. This will help you make quick money within a short period of time.

Investments techniques
Divide the total amount of investible funds between four or five top mutual funds. Investment in real estate is not easy, therefore it should be made on the family requirements. Life Insurance policy with some investment in the pension plan should feature in your investment planner. While planning investments in insurance sector the woman tax payer should think of an insurance cover in the mane of the spouse as well as the minor children.
A residential house with a loan is a good investment .also deposit in public provident fund to enjoy tax free income.

Need based investment
The investment in the form of jewellery including gold and diamond should be made only on need based situations. Don’t invest in jewellery for your young daughter. By the time she grows up design and fashion trends will change.

If you keep these investment options in mind, you can be rest assured that come what may, you have the resources to manage any untoward calamity or incident and you can lead the same lifestyle in your old age as you are leading in your hey days.