ELSS is a Best option for Tax Saving Online

ELSS stand for Equity Linked Saving Schemes and it is diversified equity schemes offered by mutual funds in India. ELSS offers tax benefits under section 80c. ELSS can be invested both lump-sum and systematic investment plan simultaneously. Now in these days tax planning is a tedious exercise for all tax payers. They wondering for best for tax saving options, but not getting the expert advisor’s they invest in appropriate place. At last investors can’t save their taxes much. Need to consider about Tax saving funds (ELSS), this is the best options for tax saving online with ease. Investing in ELSS can save tax and create wealth with minimum lock-in periods. ELSS fund provides the opportunity for hassle free investment means anyone can invest online from anywhere anytime. No needs to wait for financial year start investing now!

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Tax Saving Fixed Deposits

As per income tax laws, if you invest in a tax saving fixed deposit scheme, you can claim up to Rs 1.5 lakh as a deduction from your income. This amount is to be deducted from gross total income to arrive at the taxable income. This deduction is allowed under Section 80C of the Income Tax Act.

Key features of tax saving fixed deposits –

  1. Only individuals and HUF can use avail this benefit
  2. There is a minimum FD amount that varies from bank to bank
  3. Loan against FD is not allowed
  4. Minimum lock in period for these fixed deposits is five years
  5. An investor can invest in these fixed deposits through any public or private sector banks but not through cooperative or rural banks
  6. If you invest in five year post office deposits, then that also is eligible for tax deductions under section 80C
  7. Post office fixed deposits can be transferred from one post office to any other post office
  8. TDS will be deducted on interest earned from these deposits as per the tax slab of the investor. The interest/ deposit can be paid monthly or quarterly. Investor can also reinvest the interest
  9. Investor can use nominee facility in these FDs
  10. For tax saving fixed deposits also there is a higher interest rate facility available for senior citizens like the normal FDs
  11. It does not have auto renewal facility

Why Wait till March Start Your Tax Saving Now?

There is no need to wait till March end for planning your tax saving investments. Financial decisions made in a hurry, almost always goes wrong. During year end, you are always under pressure to take quick decisions, and you may get influenced by the pitch of a salesman. You may also want to hurry up to show a receipt to your office accountant so that he does not deduct TDS.

A wrong decision may block your funds for a very long time as all tax saving investments have long lock-in periods. You may think it convenient to put your funds in PPF but then you will end up with a fifteen-year lock-in, compared to just three years for an ELSS fund.

So plan now for your tax savings. You will not only make a better choice, but will also be able to do it stress-free. You will be able to plan for better returns with lower lock-in periods. Pay especial emphasis to using SIP in ELSS funds instead of hurriedly investing a lump sum in March.

ELSS funds or Equity Linked Savings Scheme of Mutual Funds have some really attractive advantageous for tax saving.

One benefit is that ELSS funds are unique in being the tax-saving investment that brings the maximum gains of equity returns. Although ULIPs and the National Pension System (NPS) also give equity-linked returns but ULIPs have long lock-in – at least ten years and high costs and poor transparency. The NPS is a not a savings investment option, it is a retirement solution having only partial exposure to equity,  has a very long lock-in period, and returns from NPS are taxable.

The investments made in ELSS schemes are eligible for income tax deduction U/S 80C

 Why Invest in Tax Saving Funds?

1) Higher Earning Potential : Since ELSS mutual funds invests in equity related instruments, these schemes would help you to grow your money over a period of time. 

2) Save Tax u/s 80C up to Rs 1.5 Lakh: By investment in ELSS mutual funds, you are eligible for tax exemption up to Rs 1.5 Lakh u/s 80C. 

3)Shortest Lock-in period of 3 years: ELSS mutual funds come with the shortest lock-in period of 3 years with comparison to other tax saving investments. 

4) Tax Free Returns : None of the returns from best tax saving investment options other than PPF are tax free. All the tax saving schemes return are taxable based on individual tax slab. However, interest in Public Provident Fund is tax free, but that comes with a 15 year lock-in period .

How ELSS Scores over other Tax Saving Options

PPF NSC Fixed Deposit ULIPs ELSS
Lock-in period (Years) 15 5/10 5 5 3
Minimum Investment Rs. 1000 Rs. 1000 Rs. 1000 Rs. 1000 Rs. 1000
Historical Returns @ 8.7% 8.5% or 8.8% @ 7.0% 0-6% 14% -16%
Tax on gains Tax Free Tax on interest earned Tax on interest earned Maturity/claims proceed tax free Dividends & Capital gains are tax free

Things to keep in Mind while Investing Best SIP Schemes

It’s very difficult to choose the mutual fund schemes for investment. It’s easy to choose for those who already have good knowledge about all mutual fund schemes. If you completely new to mutual fund investment the best recommended schemes is SIP. SIP is the best schemes for new investors because it has good historical returns records. Those who invested their idle money only Rs. 1000/- per month for long term, now they have good returns. Every new investor needs to follow some steps before investing in SIP Schemes.

Decide first you must have regular income

Plan and Set Investment amount for long term

Choose the number of Years to invest in best SIP Schemes

Do not redeem your investment amount before completion of one year otherwise you will have to pay 1% exit load.

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I invested in SIP, Now it’s your Turn

In a few months ago, I started a private job in very less salary. I was unable to save money due to my lowest salary. A few days later I got a call from a financial company, advisor suggest me about Best SIP Schemes to Invest Online. In this scheme investment amounts are low means anyone we can start with minimum amount. SIP is a simple and easier way to create wealth and gives compounding interest to gain higher returns. The investment process is very simple and convenient; to start, we need to create an online account as this process complete easily can start an investment. I understand this scheme very well then decided to invest in Systematic investment plan to complete my financial goals after retirement. My budget is not too much, but still can start a SIP with Rs. 1000/- per month, that budget is affordable for me. In Simple words investment today can rich tomorrow. Now it’s your turn….

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Invest your Hard Earned Money in Mutual Funds

Now! People are becoming faster as time is changing. In this crowd and fast world, people are spending huge amount of money seeing their neighbours and relatives. They all who earning not enough money, but their expenses high, after a few days later they have financial problems, because they are not saving their hard earned money. If you want to avoid the financial problem, just think about to invest in top mutual fund schemes for wealth creation and saving purposes. If you don’t have any knowledge about mutual funds you can concern to financial advisor’s. They are well experienced and having good knowledge of mutual funds. So under the guidance of advisor’s start investing of small sums of money in mutual funds and secure your child’s future and retirement.

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Why you should Choose Top Mutual Fund Schemes?

The mutual fund is a pool of money from numerous investors who wish to save their money to investing in different-2 schemes. Refinance. In is a complete guide to mutual funds which provides complete information about Top Mutual fund schemes to invest. Generally, mutual fund is subject to market risk, but returns is high as compared to others saving schemes. Returning interest is compounded based means long time investment gives you the higher returns in mutual funds. Many investors pick the schemes randomly, that’s why they have to endure. Before choosing the schemes decide which one is the best for better returns, after than start investing.

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Why Should You Invest in Top Sector Funds?

I have been investing in sector funds for over 8-9 years. The time is running of confidence on the top of the world. I got returns more than as my expectation. I had invested a small amount in Sector funds for trial basis; I got returns more than from expectation, then I decided to invest my idle money in sector funds. So I was heavily invested in top sector funds to gain higher returns. Everyone must have proper knowledge about these funds before investment. Now let us describing the definition—

“A stock mutual, exchange-traded or closed-end fund that invests solely in businesses that operate in a particular industry or sector of the economy. Because the holdings of this type of fund are in the same industry, there is an inherent lack of diversification associated with these funds.”

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The Important thing to understand each of the investment association has different-2 criteria to invest in this fund. The Investment Association sectors provide a way of dividing around 3,000 of these funds into broad groups. Investors can compare funds and choose all of best one and start investing for a better future. For more information about mutual funds just click here… https://www.rrfinance.in/

Top Sector Funds in India to Invest

Before investing in sector funds need to understand about sector funds. “An equity scheme that invests in shares of companies operating in specific sector or industries is called a sector fund. For instance, a pharma fund would invest only in pharmaceutical companies”. RR Finance provides lots of sector fund schemes to make your investment easy. Here you can find the Top sector funds to invest. Money is invested via sector funds in different-2 sectors to operate the particular industry. These funds tend to increase substantially in price when there is an increased demand for the product. So the peak time to invest in sector funds is when demand of products is increasing. Doing investment in these funds, investors need to aware and track to the product price rate. For high returns start investing now! With ease.

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Start investing in SIP with Rs 500

Anyone can start investing in SIP with Rs 500 per month with ease. Investor’s can choose the mode of investment on monthly, quarterly and yearly basis. RR Finance offer SIPs Open ended funds so that the investor might invest easily. Once the schema of the SIP is fixed, keep in mind it should not stopped ideally. Before start investing in a SIP online make sure your investment should not stop in any situation. If investment stopped returns will not high, according to your expectation. So keep investment Rs 500 per month, you can also alter your amount to additional purchase whenever your budgets grew. SIP is the unique way that can convert your smaller amount into the higher invested amount over long time. So investor’s can open a SIP online account at RRFinance.in for hassle free investment. Also, anyone can compare, track and transact their best SIP Schemes from anywhere anytime.