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10 Best Investment Options To Save Tax

By SiliconIndia   |   Wednesday, January 8, 2014   |    7 Comments
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2. Equity Linked Savings Scheme (ELSS)

The tax saving mutual fund schemes do carry an embedded market risk and calls for investor prudence before making an investment decision but their returns are equally rewarding and tax free in the hands of the investor. ELSS has some advantages over other investments and thus people who possess moderate to high risk appetite should consider them seriously. Some key features of ELSS include lock-in period of 3 years, diversified equity investments, systematic investment planning (SIP) available, tax exempted in dividend paid out and different funds for different risk profiles in terms of exposure to large cap, mid cap and small cap.

Apart from these features there are two different schemes that you can choose in ELSS for instance dividend option and growth option, in both the options tax treatments are the same. Do sufficient research before taking investment decisions, which should match your overall financial situation, goals and risk profile. SIP is the most recommended way to invest in equity funds for a long time horizon and try avoiding lump sum investments especially when the market is on an upward mode.

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Reader's comments(7)
1: Among them, I would prefer ELSS mutual funds as they would provide tax benefits and also good returns of 12% to 15%.... One could get on this... suresh... http://myinvestmentideas.com
Posted by:suresh - 23 Feb, 2014
2: Among them, I would prefer ELSS mutual funds as they would provide tax benefits and also good returns of 12% to 15%.... One could get on this... suresh... http://myinvestmentideas.com
Posted by:suresh - 23 Feb, 2014
3: Undue and non correct publicity is made by some elements and agencies about NPS to misguide half knowledged and innocent subscribers. In fact NPS model of pension plan is not worthy to participate in it as a subscriber. It is a ULFP running for benefit of number of middle level agencies like PFMs, selling agents, CRA, NSDL and others at the cost of subscribers. Profit of these broker grade elements in the form of service charges are fixed and well defined at each and every stage but return to be passed on to subscribers is totally undefined and it can be sometimes negative and sometimes positive but not more than saving bank account return. In present scenario of modus operandi adopted by NPS authorities, my perception is that over a span of 30 to 40 years individual subscriber can get net return over his gross investment will be between 5% to 6% only which is much less than well defined debt financial instruments. Even 5 to 6 months are over but NPS authorities have not passed on assured return option to private subscribers which has been approved by our parliament and concerned ministry. At the time of maturity, NPS authority passes on maturity corpas to an insurance or other financial company which offers annuity of 4% to 6% return to amatured subscriber who is already a senior citizen. In fact NPS do not have even a single feature of a pension plan at all.
Posted by:D A BHATT - 09 Jan, 2014
4: Undue and non correct publicity is made by some elements and agencies about NPS to misguide half knowledged and innocent subscribers. In fact NPS model of pension plan is not worthy to participate in it as a subscriber. It is a ULFP running for benefit of number of middle level agencies like PFMs, selling agents, CRA, NSDL and others at the cost of subscribers. Profit of these broker grade elements in the form of service charges are fixed and well defined at each and every stage but return to be passed on to subscribers is totally undefined and it can be sometimes negative and sometimes positive but not more than saving bank account return. In present scenario of modus operandi adopted by NPS authorities, my perception is that over a span of 30 to 40 years individual subscriber can get net return over his gross investment will be between 5% to 6% only which is much less than well defined debt financial instruments. Even 5 to 6 months are over but NPS authorities have not passed on assured return option to private subscribers which has been approved by our parliament and concerned ministry. At the time of maturity, NPS authority passes on maturity corpas to an insurance or other financial company which offers annuity of 4% to 6% return to amatured subscriber who is already a senior citizen. In fact NPS do not have even a single feature of a pension plan at all.
Posted by:D A BHATT - 09 Jan, 2014
5: Undue and non correct publicity is made by some elements and agencies about NPS to misguide half knowledged and innocent subscribers. In fact NPS model of pension plan is not worthy to participate in it as a subscriber. It is a ULFP running for benefit of number of middle level agencies like PFMs, selling agents, CRA, NSDL and others at the cost of subscribers. Profit of these broker grade elements in the form of service charges are fixed and well defined at each and every stage but return to be passed on to subscribers is totally undefined and it can be sometimes negative and sometimes positive but not more than saving bank account return. In present scenario of modus operandi adopted by NPS authorities, my perception is that over a span of 30 to 40 years individual subscriber can get net return over his gross investment will be between 5% to 6% only which is much less than well defined debt financial instruments. Even 5 to 6 months are over but NPS authorities have not passed on assured return option to private subscribers which has been approved by our parliament and concerned ministry. At the time of maturity, NPS authority passes on maturity corpas to an insurance or other financial company which offers annuity of 4% to 6% return to amatured subscriber who is already a senior citizen. In fact NPS do not have even a single feature of a pension plan at all.
Posted by:D A BHATT - 09 Jan, 2014
6: Undue and non correct publicity is made by some elements and agencies about NPS to misguide half knowledged and innocent subscribers. In fact NPS model of pension plan is not worthy to participate in it as a subscriber. It is a ULFP running for benefit of number of middle level agencies like PFMs, selling agents, CRA, NSDL and others at the cost of subscribers. Profit of these broker grade elements in the form of service charges are fixed and well defined at each and every stage but return to be passed on to subscribers is totally undefined and it can be sometimes negative and sometimes positive but not more than saving bank account return. In present scenario of modus operandi adopted by NPS authorities, my perception is that over a span of 30 to 40 years individual subscriber can get net return over his gross investment will be between 5% to 6% only which is much less than well defined debt financial instruments. Even 5 to 6 months are over but NPS authorities have not passed on assured return option to private subscribers which has been approved by our parliament and concerned ministry. At the time of maturity, NPS authority passes on maturity corpas to an insurance or other financial company which offers annuity of 4% to 6% return to amatured subscriber who is already a senior citizen. In fact NPS do not have even a single feature of a pension plan at all.
Posted by:D A BHATT - 09 Jan, 2014
7: Undue and non correct publicity is made by some elements and agencies about NPS to misguide half knowledged and innocent subscribers. In fact NPS model of pension plan is not worthy to participate in it as a subscriber. It is a ULFP running for benefit of number of middle level agencies like PFMs, selling agents, CRA, NSDL and others at the cost of subscribers. Profit of these broker grade elements in the form of service charges are fixed and well defined at each and every stage but return to be passed on to subscribers is totally undefined and it can be sometimes negative and sometimes positive but not more than saving bank account return. In present scenario of modus operandi adopted by NPS authorities, my perception is that over a span of 30 to 40 years individual subscriber can get net return over his gross investment will be between 5% to 6% only which is much less than well defined debt financial instruments. Even 5 to 6 months are over but NPS authorities have not passed on assured return option to private subscribers which has been approved by our parliament and concerned ministry. At the time of maturity, NPS authority passes on maturity corpas to an insurance or other financial company which offers annuity of 4% to 6% return to amatured subscriber who is already a senior citizen. In fact NPS do not have even a single feature of a pension plan at all.
Posted by:D A BHATT - 09 Jan, 2014
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