Right Plan for Retired Investors

 

The choice between the growth plan and the dividend plan for a retired person would depend on his or her financial needs

 If you are investing for future retirement, it is best to go for the growth option. Dividend payouts may get spent or reinvested at low rates. If you are already retired, make the choice based on your financial needs. A balanced fund, given its equity component, cannot be relied on for monthly or annual income. But if you need periodic payouts from your investment, you can go for the dividend option.

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

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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