7 Tax Saving Investments That Suits Your Needs
Pension Plans:
The pension plans are not that good as the national pension system, as they do not enjoy the tax benefits as the NPS do. The retirement funds from mutual funds are not really pension products. And the cost structure of pension plans from insurance companies is not very favorable to buyers. Pension plans also do force the investor to put a larger portion of the corpus in an annuity which is 66 percent.
Sukanya Samriddhi Scheme:
Sukanya Samriddhi Scheme is a welcome step by the govt. of India which is a part of its “Beti Bachao - Beti Padhao” initiative and was launched on 22nd January 2015. This scheme for the girl child is also a great way to save tax. However, given its limited scope, it does not figure very high in the ranking. It is open only to girls below 10.
Read More: Tax Saving Options for High Net Worth Investors in 2016
Mutual Fund Industry's Asset Base Surges 21pct To 
13.4 Lakh Cr In 2015
