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Buy Tax Saving Mutual Funds Online

It pinches a lot when heaps of amount goes out of our income as tax deduction, then why not to spare a little bit of our income to tax saving instruments. Every year Government comes up with new avenues for tax savings to encourage us to utilize our savings in a better fashion. But most of us often scramble things at the last moment.

It's always better to plan things well before on time so as to catch hold of right investment opportunities. This will help you to determine which tax-saving investment option suits you the best.

Let's have a look at some of the tax-saving options available:
The maximum deduction under 80C, 80CCF and 80D put together is Rs 1,50,000. This implies now you can invest up to Rs 1,50,000 for financial year 2011-12 under section 80C (Rs 1,00,000), under section 80CCF (Rs 20,000) and under section 80D (Rs 30,000). Apart from this, you can also save on your education loan expenses under section 80E.

Tax-saving instruments available under 80C (Maximum limit: 1,00,000):
You can invest a sum up to Rs 1,00,000 under section 80C. The section 80C has been further categorized into three parts: Market Linked saving schemes, Fixed Income saving schemes and Other expense related deductions.

Market Linked: Equity Linked Savings Schemes (ELSS Funds of Mutual Fund) with lock-in of 3 years and Unit linked Insurance Plans (ULIP) with lock-in of 5 years.

Fixed Income: Public Provident Fund (PPF), Employees Provident Fund (EPF), Bank and Post office Time Deposit Schemes (Fixed Deposits) with a lock in of 5 years, Pension Funds, Nabard Rural Bonds, National Saving Certificates (NSC) 5 years, Kisan Vikas Patra, etc.
Other deductions: Life Insurance Premium, Interest and Principal on Home loan and Children's Tuition Fees.

Tax-saving instruments available under 80CCF (Maximum limit: 20,000):
The Government has introduced another option this year, under the income tax clause 80CCF, in the form of infrastructure bonds where you can invest up to 20,000 and claim for deduction. Infrastructure bonds issued by both public sector or state owned companies as well as private sector companies would qualify for investment under this section.

Tax-saving instruments available under 80D (Maximum limit: Rs 30,000):
You can invest a sum up to Rs 30,000 under section 80D. You can claim a deduction for payment of Medical Insurance Premium i.e Contribution to Central Government Health Scheme. As per the provisions of the Act, you can claim Rs 15,000 for self, spouse and dependent children. You can also claim additional of Rs 15,000 for parents contribution.

Tax-saving instruments available under 80E:
You can also claim for your Education Loan for tax saving purpose as the the interest on the education loan is deductible under the clause 80E.

Choose tax saving Investments carefully depending upon your short term and long term requirement of funds. It's always appropriate to consult Investment Manager or Financial Planner before making any investment.

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Application form for Tax Saving Infrastructure Bond and more information

Submit filled up application Collection canter near you

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

These Application Forms can be used for buying regular mutual funds also

L&T Infrastructure

Posted: 16 Jan 2012 01:43 AM PST

Invest in Tax Saving Infra Bonds upto Rs 20,000 and Save tax under Section 80CCF. This is over and above Rs 1 lakh tax saving investment option available under Section 80C. You can save tax upto Rs 6100 and earn returns in excess of 9% over long period of time 10 to 15 years.

Download Infra Bond Application form below.

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Application form for Tax Saving Infrastructure Bond and more information

Submit filled up application Collection canter near you

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Invest in Tax Saving Mutual Funds (ELSS Mutual Funds) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Mutual Fund Transactions All in a Single Statement

These Application Forms can be used for buying regular mutual funds also

Submit filled up application Collection canter near you

Posted: 16 Jan 2012 12:33 AM PST

Now, one no more needs to put multiple requests to fund houses to obtain account statements.

More than three years after the idea of a common statement for mutual fund investors having investments with different fund houses was conceived by the industry, the Association of Mutual Funds in India (Amfi), has finally implemented it, effective from October.

The industry has implemented issuance of Consolidated Accounts Statement (CAS) to its investors. So, do not be surprised if you get a single statement instead of many, containing all transactions during the month, irrespective of the fund houses you have done transactions with.

In a statement issued today, Amfi said, "Commencing of the transactions from the month of October, 2011, CAS will be issued as amonthly statement to investors, if there are any transactions during the month." HN Sinor, chief executive officer, Amfi, said, "This is an investor-friendly initiative to allow investors a single-window view of all their transactions in mutual funds." The consolidation of folios will be on the basis of the Permanent Account Number (PAN) provided by investors. This is in compliance with the amendment to the Securities and Exchange Board of Indias (Sebi) regulations with regard to issuance of monthly CAS.

According to fund managers, the move is a step in the right direction and will further simplify things for the investors. They add that it will also have its limited positive impact on the fund houses as single statement reduces the cost to some extent.

In recent years, Amfi along with Sebi has been attempting to make mutual funds an easy tool of investment to the customers.

Mutual funds continue to have a penetration of as low as three to four per cent, the lowest among all the investment options.

Currently, there are 43 players in the fund industry, with an overall asset under management of close to `7,00,000 crore. However, of the country's population of 1.2 billion, the industry's investors' base is less than 50 million.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

These Application Forms can be used for buying regular mutual funds also

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Application form for Tax Saving Infrastructure Bond and more information

IDFC Infrastructure bonds 2012

Submit filled up application Collection canter near you

Posted: 15 Jan 2012 10:28 PM PST

Download Infra Bond Application form below.

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Application form for Tax Saving Infrastructure Bond and more information

Submit filled up application Collection canter near you

---------------------------------------------

Invest in Tax Saving Mutual Funds (ELSS Mutual Funds) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

IDFC Mutual Fund new FMP IDFC Fixed Maturity Plan Eighteen Months Series 10

These Application Forms can be used for buying regular mutual funds also

Submit filled up application Collection canter near you

Posted: 15 Jan 2012 10:08 PM PST

IDFC Mutual Fund has announced the launch of IDFC Fixed Maturity Plan Eighteen Months Series 10. The new fund offer will be close for subscription on January 18.

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Invest in Tax Saving Mutual Funds (ELSS Mutual Funds) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

These Application Forms can be used for buying regular mutual funds also

Submit filled up application Collection canter near you

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Application form for Tax Saving Infrastructure Bond and more information

Tata Mutual Fund new FMP Tata Fixed Maturity Plan Series

Submit filled up application Collection canter near you

Posted: 15 Jan 2012 08:52 PM PST

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 38 Scheme J. The new issue will close for subscription on January 16.

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Invest in Tax Saving Mutual Funds (ELSS Mutual Funds) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

These Application Forms can be used for buying regular mutual funds also

Submit filled up application Collection canter near you

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Application form for Tax Saving Infrastructure Bond and more information

Reliance Mutual Fund New FMP Reliance Fixed Horizon Fund XXI

Submit filled up application Collection canter near you

Posted: 15 Jan 2012 08:12 PM PST

Reliance Mutual Fund has launched a new fund named Reliance Fixed Horizon Fund XXI Series 17. The new issue will close for subscription on January 16.

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Invest in Tax Saving Mutual Funds (ELSS Mutual Funds) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

These Application Forms can be used for buying regular mutual funds also

Submit filled up application Collection canter near you

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Application form for Tax Saving Infrastructure Bond and more information

IFCI Infrastructure Bonds 2012 is closing today - 16 Jan

Submit filled up application Collection canter near you

Posted: 15 Jan 2012 07:56 PM PST

Application form for Tax Saving Infrastructure Bond and more information

Current open Other Infra Bond Application form

Submit filled up application Collection canter near you

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Morgan Stanley Mutual Fund New Fund as Morgan Stanley Multi Asset Fund

These Application Forms can be used for buying regular mutual funds also

Submit filled up application Collection canter near you

Posted: 15 Jan 2012 07:41 PM PST

Morgan Stanley Mutual Fund has launched a new fund named as Morgan Stanley Multi Asset Fund. The new issue will be open for subscription from January 17.

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Invest in Tax Saving Mutual Funds (ELSS Mutual Funds) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

These Application Forms can be used for buying regular mutual funds also

Submit filled up application Collection canter near you

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Application form for Tax Saving Infrastructure Bond and more information