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Showing posts from February, 2020

5 Reasons Why You Should Invest in Equity Linked Saving Scheme(ELSS)?

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Investments in Equity always carry a risk of losing money as the  market  is always in a state of flux. Smart & sharp is when one is open to save money & invest for the long term. It is February & high time to save tax. Equity Linked Savings Scheme or better known as the ELSS scheme is one of the best  avenues  to park money & save taxes under section 80C of Income Tax. Many might think  is it  worth to invest or not. The market is always in a state of flux which is coupled with some economic hiccups & inflation, is making investors to double think into tax saving schemes. Here is why you should invest in ELSS. 1. ELSS Mutual Funds help you save tax Section 80c The foremost purpose of investing in a tax-saving plan is to attain some tax benefits. Well, ELSS mutual funds are permitted to claim tax rebate up to Rs 1.5 lakh under Section 80C of Income Tax. Generally, when it comes to saving tax, we think of products like PPF or ...

5 Reasons Why You Should Start Mutual Fund Investment?

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Mutual Fund Investments are the best, simple and smart way to wealth creation. One should start investing early & regularly with the discipline of a soldier. Even a very small SIP investment of Rs 500 can do wonders for your corpus over the long term. There are more pros of Mutual Funds then cons. Successful Investment calls for time & dedication to study the market mover & crashers, which is complicated & time-consuming, even for the experienced persons as well. One can get easily lost in the world of investments. Hence Mutual Funds come at the rescue, whereby one can relax & grab the benefits of long term investments. Why should start Mutual Funds Investments? 1. Mutual Funds are the most systematic investment method SIP investments  or better say as Systematic Investment Plans is by far the most efficient way to invest in Equity Markets & Mutual Funds. Through this one can maintain the discipline of regular investments. It gives relaxation to inves...