2 Investors have a choice about the asset allocation of the fund they invest in. It can be 100% equity, 100% debt, or some sort of a mix of the two--depending on their risk profile.
3 Switching is also permitted in ULPP, thus allowing investors to change their fund-profile with life cycle changes. Young investors may start with 100% equity and gradually switch to debt as they near retirement.
4 When investors retire, they can withdraw onethird of the accumulated corpus, tax-free. The balance amount must be used to buy an annuity plan, which will be the source of regular but fully taxable pension.
5 Pension plans are meant to be longterm products. Premature exit from these plans is generally discouraged.Investors can withdraw 33% of the corpus at maturity.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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