Skip to main content

Tax Saving Funds – The Right Approach

There has been a steady change in investors approach towards tax saving in recent times. Many of them have now started to plan their tax saving well before the deadline approached in March. It is a welcome sign indicating increased financial awareness in nation. Planning to save early has a lot of benefits for the taxpayers – if they start investing in tax saving funds early, they can spend more time and find the best suitable financial instruments for optimum tax saving. If they wait till end, they have little options, and in a rush to meet the deadline, one is always susceptible to make wrong decisions.
One of the most common and effective tools of tax saving is the ELSS (Equity Linked Tax Saving Schemes) mutual funds. These funds are specially designed for tax saving purpose under section 80C of income tax and one can avail a maximum deduction of Rs 1,50,000 during a financial year. This means that if you fall under the maximum tax slab, you can save Rs 46350 during one financial year. Another two big benefits of ELSS are that its returns are higher than other options for tax saving, and the lock in period is lower than all other options.
There are several benefits attached with investing in ELSS through SIP which is the best options for tax saving. Online investing in mutual funds through SIP ensures that you invest your money in fixed amount every month which is a great way to disciplined investment approach. One of the biggest advantage of SIP is that you do not have to worry about ups and downs in the market which is a big cause of worry for all investors. SIP ensures that you invest regularly so when you buy when markets are very low, you get benefit of getting more units in your funds and your average cost comes down. This makes you profitable in the long run.



Labels:

Comments

Post a Comment

Popular posts from this blog

Invest in Best SIP Plan for High Returns

There are lots of SIP plans in Mutual funds having good returns. You need to get suggestions from financial advisors to filter out the best SIP Schemes. Hire or call the financial advisors and ask from them about best the SIP plan for high returns . They suggest you the filter schemes to invest your money for 5, 10 and 20 years according to your budgets. If you start investing in SIP today for a long time you will be able to complete your all financial requirement with ease. So cut down small amount from your salary and remove all the hassles for your future. People who have invested in Mutual Fund SIP they living with cheerful life because they have lots of money. Don’t be late now it’s your turn!
Post a Comment
Read more

Consider Diversified Equity Funds to Invest in Best SIP Plan for 5 Years

However, you know there are many categories of equity mutual funds, but selection depends on your risk profile. There are three categories in mutual funds in which you can invest, large cap, Diversified and equity funds. If you have regular income means you are job holder think about equity mutual funds. This fund is risky and volatiles, but gives higher returns as compared to other schemes. If you have the capability to tolerate the risk than diversified equity funds will be best for you. The recommended schemes for you is , Birla Sun Life Advantage Fund, SBI Magnum Multi-Cap Fund, Mirae Asset India Opportunities Fund and DSP BlackRock. Start investing in theses schemes through best SIP plan for 5 years of small amount on the monthly or quarterly basis. When your investment will be complete that time you will get returns more than from your expectation. Plan and Invest now! With ease.
Post a Comment
Read more

Investment in SIP can complete your Financial Goals after Retirement

It depends on your expenses like what you have planned after your retirement. But I will want to suggest that normal saving can’t complete your dream after your retirement, for that you need to invest in Mutual fund Best SIP Schemes on the regular basis. SIP is the smarter and convenient way to create wealth, investing over long time. One more important thing to be keep attention before investment set your current expenses after that plan to invest in SIP. In case if your budget not allowed then cut down small amount from your salary to invest. In feature your income is increasing then SIP offer’s the additional purchase option. In this you can increase investment amount hassle free. So invest with ease and complete your financial goals after your retirement. 
Post a Comment
Read more