Mutual Fund is the way to convert small amounts into a big amount over long time. Salaried and non salaried person can invest in mutual fund according to their budgets. MF investments start with minimum amount Rs. 1000/- so anyone can start investing with ease of online. RR Finance provides the best mutual fund schemes to invest 2018, here are lots of schemes and investors can choose the best schemes according to their suitability. People are choosing RR Finance for mutual fund investment because it is the safest, easiest, and convenient ways of making successful. An investor can compare, choose, transact and track their mutual fund investments online anywhere anytime.
There are many options for tax saving including the tax saving funds, but it is important to see the tax ability of income from the instrument. If the income earned from tax saving instrument is taxable, the chance to get higher returns over the long term gets constrained as taxes will reduce the returns that you earn.
In case of many tax-saving financial products like the National Savings Certificate (NSC), Senior Citizen Savings Scheme (SCSS), 5-year time deposits with banks and post office schemes, the interest amount gets added to your income and therefore is liable to be entirely taxed. So, even though these tax saving options help you save tax for the current year, the interest income becomes a tax liability in each of the future years till the end of the tenure
If you consider this factor, the post-tax return comes down after adding tax on interest. If you are in the tax category of 30.9 percent, the post-tax return on a 5-year bank fixed deposit of 7 per cent is 4.8 per cent per annum only.
For most investors especially those earning a salary or having income from business or profession, it is better to select those tax saving options that come with E-E-E status. EEE benefits are short for exempt- exempt- exempt status on the income earned. Here the principal invested qualifies for deduction under Section 80C of the Income Tax Act, 1961 and the income is tax exempt under Section 10.
Best tax saving investments is the mutual funds in Equity-linked savings schemes (ELSS) category. These are diversified equity mutual funds with two main features –
- Investment amount in them qualifies for tax benefit under Section 80C of the Income Tax Act, 1961, up to a limit of Rs 1.5 lakh a year
- The amount invested has a lock-in period of 3 years.
Almost all mutual fund (MF) houses offer them and under tax-saving category.
As an investor you may opt for dividend or growth option. Dividend option suits someone interested in a regular income, although not assured, and the growth option suits someone looking to save for a long-term goal.
ELSS is an equity oriented scheme and invests more than 65 percent of allocation into equities, and the long-term capital gain in them is zero and the dividends are tax-free.
Long term investment offers several advantages like owning a car, house, holiday trip and a child’s education. One important factor is that compounding interest as in the case of a Best investment plan for 5 years. Long term investment tends to more than 1 year that means in simple investing long time has gained high returns. Our SIP plans provide a systematic way of investment where investors can organize their investing money like additional purchase, switch in other schemes and redeem their amounts whenever want. Our Best SIP plan is an easy and convenient way to complete all financial goals. So SIP is the best investment plan in India for high returns. Plan today and start investing now!
There is ample scope for capital gains in five years duration if one invests in equity mutual funds. The ups and downs of markets can be overcome by investing via SIP route so that you gain from the cost averaging and gain in long term.
The best SIP plan for five years must match with your profile and financial goals. If you are a retired person, equity is not the best SIP option for you. For a retired person who needs regular income, the best SIP schemes would be FMPs as the rate cycle is not expected to be downwards for next few years. Long duration debt schemes would lose in stable to rising interest rate scenarios and hence FMPs which the investors should hold for their complete duration would be best as they would get the interest and would not be exposed to capital loss that may arise in case of a rate hike.
For young investors looking to invest for five years, SIP in equity schemes is best as it offers capital gains with tax benefits. The best SIP plan for 5 years for these investors would be to select from mid and small cap funds with consistent high past performance. They should avoid schemes having exposure to PSU banks and high debt companies. There are many good schemes available in this area and investors should select them carefully looking at the fund corpus, past performance, and the fund manager track record.
Many good schemes are regularly recommended at www.rrfinance.in and investors can also easily invest online in SIP in all schemes using this easy to use mutual funds portal.
Taxes can be saved through insurance, fixed-income options and ELSS (Equity Linked Saving Schemes). However, all you must have proper knowledge of picking the right tax saving options. Among all the Best online tax saving options, ELSS is the smart way to save you taxes as per historical records. There are some tax saving schemes you should consider about that SBI MAGNUM TAXGAIN SCHEME 1993 – GROWTH, PRINCIPAL TAX SAVINGS FUND & AXIS LONG TERM EQUITY FUND – GROWTH. Investing in these funds can save you tax up to Rs. 46,350/- and also gain high returns. In simple word Investing in tax saving funds can get two benefits simultaneously, one for tax saving and other wealth creation. Plan today and start investing with ease of online.
Now! The time has come to turn your taxes into wealth, RR finance giving the best tax saving options online to convert your taxes into wealth. Invest in tax saving funds and save tax upto Rs. 46,350/- u/s 80c. ELSS funds come with the shortest lock-in periods for 3 years, which is the main benefit of this fund. Investors can redeem their money hassle free after complete the lock-in periods with good returns. Now the big matter of concern for all who are coming in tax slab that is the tax saving. Reason is that paying taxes, losing your salary every year. But investment in tax saving funds is the big solution because if you are investing 1.5 Lakhs then you can save your taxes upto Rs. 46,350/-. Start planning for today and get an acceleration of your salary.
Everyone wants to set their financial goals to invest in top mutual fund schemes online. But some time happen that people were not getting the proper schemes so that they might make their investment wealthy. Some fraud, financial advisors misguide such investors who don’t have proper knowledge and recommend investing in worst schemes. Filter and avoid all advisors who suggest worst schemes. Find such platform which has best mutual fund schemes to invest. Set an initial amount to cut down from your salary and invest for long time so that you might gain maximum benefits. A mutual fund is the only way that helps to achieve financial goals after a decade. So if you are not aware from mutual funds, instant hire advisors and know about all schemes with ease.
Tax planning requires awareness of available options and timely planning. Different investors need different approaches. But all must know about the best tax-saving mutual fund schemes.
Tax saving mutual fund schemes or Equity Linked Savings Schemes are undoubtedly the best tax-saving option available under Section 80C.
It also has a low lock in period, ELSS comes with a mandatory lock-in period of three years.
You should start thinking of investing in ELSS to save income tax early in the financial year. Best approach is to start investing right away in a regular manner. It not only imparts the financial discipline, but this method also offers taxpayers enough time to do proper research and choose the schemes that are most suitable for your needs.
To invest in a regular basis, you should start a Systematic Investment Plan (SIP) in an ELSS or tax-saving mutual fund scheme of your choice. When you choose a one year SIP with monthly investment, the money will be invested automatically every month in a tax-saving scheme for 12 months. You can invest for any length of duration in open ended Top mutual fund scheme.
These ELSS schemes are equity based schemes investing in stocks so they are inherently more riskier then debt mutual funds, You should invest in ELSS as best tax saving investments only if you have a risk-appetite to understand the volatility in the stock market.
There is a mandatory lock-in period of three years in these schemes but for better results you should invest in them with an investment horizon of four to six years.
If you opt for government-backed tax-saving options, most of them are fixed income instruments offering very modest returns. But ELSS funds have the potential to offer superior returns because they invest in stocks. The best tax saving schemes category has returned 22 per cent in one year, 14.5 per cent in three years and 18.5 per cent in last 5 years
People earn and spend to complete their basic requirement, but all in these There are some people who save money. They are worried about future of their child’s and own retirement. So that people become rich after completion of their job. People who are not planning to invest and spend their hard earned money that situation they are making their future valueless. If your age under between 25 to 35 then you need to consider the Best SIP Plan for 5 years to create wealth. In this competitive world everyone must aware about mutual funds investment. Mutual Funds give the ways to achieve financial goals after a long time. Find the Top Plans to go through our web portal www.rrfinance.in and make your investment hassle free.
Whenever markets reach extreme points whether it is a lifetime high or a new bottom, investors always panic and are scared to invest. If markets are very high, they feel it may not sustain at such high levels, if markets are very low, they feel it is a downtrend and may continue! So, in both extremes they are scared to enter. If they have already invested, then again, they will be panicked for the same reasons. What should a smart investor do to avoid such indecisive moments?
The best approach is to stop worrying about markets ups and downs in the short term and invest for the long term. It is a well known fact that over long periods markets always give positive returns; during any ten year rolling period, markets have never given any negative returns and overall equities have generated 14% CAGR in the long term.
The most effective approach to overcome the fluctuations in markets is to invest regularly. When markets are at a low, the prices are down and you get more units for the same amount, this effectively reduces your average cost of units and when markets go up, you are able to make profit. Using SIP (Systematic Investment Plan), you are able to invest in mutual funds online without any hassles, your money is automatically deducted from your account every month and units are purchased in your account.
You can invest in all the best mutual fund schemes using SIP online and this method makes you a disciplined investor.
Another major advantage of investing regularly and for long term is that you gain from the benefit of compounding interest, the longer your money remain invest the more return you are able to generate.
These are the most crucial advantages of using SIP because of which lakhs of smart investors are now using this online approach to invest in the best mutual fund schemes.