Invest In Tax Saving Mutual Funds Online
At a time when the bond market is showing extreme volatility due to Reserve Bank of India's recent decisions to indirectly raise the rate of interest, bond funds are also in an uncertain territory. In some cases, bond funds have also given negative returns. In such a situation, investors would be better off being invested in fixed maturity plans (FMPs). Compared to most bond funds, at least these type of funds are giving surety of returns.
Last week, the indicative returns from FMPs were about 9.80% per annum. At the time of redemptions, investors in FMPs can expect a return which is around this rate. The final rate could be only slightly here and there, but not much.
Investors investing in FMPs should keep in mind that these products offer less liquidity than most of its comparable products, because once invested they rarely get a chance to exit before the time of maturity which is pre-set at the time of investment itself. So while investing in these funds, investors should have certain time horizon in mind and then invest.
Since FMPs also offer better tax-adjusted returns, so these funds are very useful investment tools for those investors who are in the highest tax bracket, that is who pay taxes at the rate of about 33%. Here in case the investments are in FMPs with maturity of 367 days or more, they can take advantage of the long term capital gains tax and pay taxes at a lower rate.
In terms of safety, FMPs are much safer than company fixed deposits (FDs). One of the main reasons here is that if one invests in FMPs, and that plan in turn invests in certificates of deposits (CDs) and commercial papers (CPs) of a large number of entities, then automatically the combined risks associated with the plan is distributed and hence becomes much lower. On the other hand if a person invests in FDs of one or two companies, the risks associated with those investments are much higher. So the chances of losing money in FMPs are much less than the chances of losing money in FDs.
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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
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
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
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