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.
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 financi...

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