Introduction PPF refers to Public Provident Fund and is a Long Term investment Scheme of the Govt. of India on which regular interest is paid. Any Individual (whether Salaried or Self-Employed or any other category) can invest in this scheme and can earn a handsome tax-free return on the same which is usually higher …
Read More »Tax saving through investment in ELSS Mutual Funds
An Equity Linked Savings Scheme (ELSS) is an open-ended Equity Mutual Fund that doesn’t just help you save tax, but also gives you an opportunity to grow your money by making use of most of the potential equity market. Investment in such ELSS Mutual Funds would provide tax benefit u/s 80C …
Read More »10 points about tax saving through investment in ELSS Mutual Funds
There are various tax saving investment options available to an individual to save tax u/s 80C of the Income Tax Act. One of the best ways to grow money along with saving tax is to invest in Equity linked Savings Scheme. Generally people rush to make tax-saving investments at the …
Read More »Is Varishtha Pension Bima Yojana (VPBY) a good investment option?
Entry Age: The pension is not for youngsters, So the minimum entry age for this scheme of Life Insurance Corporation (LIC) is 60 years. Those who are 60 years old can contribute to this scheme on or before 14th August 2015. Payment: Obtaining this policy is very simple. The …
Read More »Income Tax on Mutual funds for Individual Investors (Residents)
The most confusing aspect is ‘tax on mutual funds’ Actually if we decode the provisions, it’s easy. After reading this article, please leave your comments in the space provided at the end of this page whether you have understood the tax provisions of mutual funds! The Basics I am …
Read More »Types of Mutual Funds
In continuation of my previous article, i have listed out the funds under Equity and Non-Equity categories. Equity Funds Index Fund Large Cap Fund Small Cap Fund Mid Cap Fund Arbitrage Fund Sector Specific Fund Diversified Fund Open Ended Fund Close …
Read More »Public Provident Fund | a very good investment option
Thought for the day Anger is a feeling that makes your mouth work faster than your mind Vitamin K Public Provident Fund | a very good investment option As the name suggests, PPF is for general public. Those who invest into EPF (employees) can also open PPF account and invest …
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