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| Posted: 23 Feb 2015 04:11 AM PST In India, where the family setup has mostly moved from the joint structure to nuclear, retirement planning is fast turning into a must-have process. This is especially true since the economic ground realities and the high growth rate have made a high rate of inflation a structural issue. Statistics show that 65% of India's population is below 35 years of age and the median age is about 26. So, in 25-30 years from now, a very large population will enter the retirement age. Add to this the fact that -with the advancement of medical science - life expectancy is going up. In the absence of any social safety net in place, spending a peaceful retired life may actually become a task for most retired people in their sunset years. That's why retirement planning is so necessary for every working individual. According to financial planners and advisers, one can save enough to meet postretirement financial needs through a judicious mix of the right mutual fund schemes. One of the main ideas behind retirement planning should be to have a corpus large enough to maintain the lifestyle that you had just before your retirement. Action Plan: Start saving early during your working life h Select the right investments that match your risk-taking ability Try to stick to your plan even if there are hurdles Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online - For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs |
| Posted: 23 Feb 2015 03:26 AM PST In India, for some unknown reasons, most would-be investors are introduced to mutual funds through equity schemes which are high-risk in nature, while logic demands that they should first invest in low-risk funds like liquid and money market funds. From then on, ideally, the path should include introducing the first time investors to bond funds, balanced funds, and then -slowly -to various types of equity funds. The idea behind such a plan is to handhold the first-timers from low-risk schemes to the ones which carry higher risks. In addition to investing in liquid funds, first-timers should also remember not to invest a large sum of money in one go. Rather, they should start with a small amount and invest regularly, say every month. As they do that, they should also get used to the various processes of investing and redeeming their money , like systematic investment plans (SIPs), systematic transfer plans (STPs) and systematic withdrawal plans (SWPs).They should also use technology like investing via SMSs, net-banking, ECS, etc. Along with these, such investors should also be educated about the virtues of long-term investing and tax advantages, among other factors. Action Plan: Start with low risk schemes and move up the risk-reward matrix h Invest regularly and in a disciplined manner Get introduced to the SIP, STP, SWP modes of investing and use SMSs, net & phone banking, ECS, etc Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online - For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs |
| Posted: 23 Feb 2015 02:11 AM PST Birla Sun Life Mutual Fund has announced dividend under the dividend option of Birla SL Index-D and Birla SL Index Direct-D. The quantum of dividend will be R5.2 per unit. The record date has been fixed as February 25, 2015Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online - For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs |
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