1 The base year is the year in which an index is set to 100. While computing macroeconomic numbers such as inflation or economic growth rates, indices are used.
2 To monitor prices, the statistical agencies of the government will choose a basket of goods, and set the value of this basket to 100, for a chosen base year.
3 Each time inflation is measured, the prices of the chosen goods are taken, and the current index value is computed and compared to the base value.
4 Assume the price of a basket of goods was `3 lakh in the base year, and was set to an index value of 100. Next year, if the basket cost `3.3 lakh, the index equivalent would be 110.
5 The inflation rate will be computed by comparing 110 which is today's value to the base value which is 100, resulting in a 10% increase.
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
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