A Mutual fund is considered as a good option for small investors. The mutual fund companies offer different schemes with different vision and benefits to investors. One can invest as , as 500 rupees a month in this option. Here, one can see two options available for investment. One can go for any of these options as per his choice.
What
is SlP?
It
is a wonderful option that can help one to save for his future and get a good
return on the invested amount. The most important thing here is the system of
mutual fund investment is completely transparent. With the help of statement of
a folio, one can know the situation of his fund.
There
is a beautiful thing about Mutual Fund for those who have to pay the income tax
due to their high salary. If one goes for sip tax saver funds, he can save income tax up to rupees
150000 yearly. Another important thing is one can invest this amount in a
single go or in instalment. The investment in instalment is called a systematic
investment plan. There is a provision under section 80c of the Income Tax Act
where one can save this amount.
How
to find the right tax saving Mutual Funds?
Well,
in the market there are thousands of mutual fund companies which offer various
mutual funds which different options in ELSS also. hence one needs to find the best tax saver sip first. One
needs to check all such options before going to invest in any of the mutual fund one, can take the help of an
investment consultant. An investment consultant is a person who knows the funds
in-depth and can guide the investor rightly.
The
modes of investment:
With
the change of time, the investment companies have come up with various options
through which they can accept the amount of investment from the investors.
Presently one can go for an online investment option, which is easy, safe and
fast. There is also a traditional option of offline investment available with
all the companies. In the tax saving mutual funds, one needs to remember that
it is a closed-ended option; hence, one cannot withdraw the amount as and when
required. One has to keep the amount invested for a certain number of years as
per the requirement of concerned fund. Many a time people wonder why to invest
in tax saving funds.
Here
one must note that due to such fund, one can save tax and earn a handsome
return on his invested amount which he can withdraw after certain years. Hence
this investment option can help one in the present as well as future. One can
save tax, save the amount and also get a good return in future. The experts in
this field always recommend that one needs to keep the amount for the long term
to have the desired benefits. one who wants short term gain this is not the
option right for him.
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