Invest In Tax Saving Mutual Funds Online
The good part about the Reserve Bank of India's (RBI) Consumer Price Index (CPI) linked bonds: The rate of interest will be a good 150 basis point above the rate of CPI and will be compounded twice a year. Also, investors will be allowed to put in as much as ₹ 5 lakh. Given the final CPI (2010 base= 100) was 10.09 in October, the applicable rate of interest will be 11.6 per cent. The bad part: There will be no tax benefit and low liquidity. Once the product is redeemed, there will be a tax of 10 per cent without indexation and 20 per cent with indexation ( tax rate on debt instruments after one year). There will be another blow: The central bank has made the exit route even harder by allowing retail investors to exit only after three years and that too, with apenalty of 50 per cent of the last couponThis product is a much improved one than the earlier version, but there will be liquidity issues with it. The real problem lies with the definition of senior citizens. The RBI circular will allow senior citizens to exit after one year but only if they are aged 65 years and above. In other words, the anomaly that was removed in the Budget 2012 by lowering the age of senior citizen to 60 years from 65 years for tax benefits has been reintroduced for this particular instrument by the central bank. Also, one will not be able to exit whenever they want to. The redemptions will only be allowed on coupon dates. Of course, this product will be much better than the earlier version —the Wholesale Price Index (WPI) linked bonds. And in circumstances when the difference between CPI and WPI has been a good four- five per cent, retail investors weren't gaining much. However, even with this relief, retail investors who have a surplus that they will not want to withdraw in the next few years should invest in these bonds. Also, given that the rate of interest will be floating in nature, many might want to look at products that give fixed returns. Once the product is redeemed, there will be a tax of 10 per cent without indexation and 20 per cent with indexation ( tax rate on debt instruments after one year) | ||
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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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