Invest in ELSS Funds for Better Returns

Equity Linked Savings Scheme or ELSS Mutual Fund





Superior returns in the past, lowest lock in period amid falling interest rates a big pull

The popularity of Equity Linked Savings Scheme or ELSS mutual fund industry's tax-saving product -is soaring among investors. In the first eight months of the current financial year, this product category has mobilised `4,121 crore as compared to `2,367 crore during the same period in the previous year.

Financial advisors said superior returns in the past, lowest lock in period and falling interest rates are prompting investors to look at ELSS.

There is a generational shift, where inflows from retail investors in equity mutual funds are rising. Since many of them, look to save tax as well, a chunk of these flows come into tax saving schemes.

These schemes delivered 17% and 16% over a 5and 10-year period respectively , which is higher than fixed income investments in the tax saving category .

Investors can invest up to `1.5 lakh in a financial year in tax savings schemes to get tax benefits under Section 80C. Investments in ELSS are locked in for a period of three years and investors can choose to either make lump sum investments, or use the systematic investment plan (SIP) route. Public Provident Fund (PPF) has a tenure of 15 years.

Distributors said falling interest rates in traditional tax saving products and fixed income products has also played a role in increasing investor interest in ELSS.

Interest rates on small savings scheme which qualify for Section 80C benefit are coming down. The fact that since Hindu Undivided Family (HUF) cannot open fresh PPF accounts and have to compulsorily withdraw money after completion of 15 years, this money is flowing into ELSS schemes.

Over the last financial year, interest rates on small savings which qualify for tax savings under Section 80C fell sharply . Public provident fund (PPF) rates were last reduced from 8.7% to 8.1%, while National Savings Certificate (NSC -5 year) were slashed to 8.1% f ro m 8 . 5 % . M o s t re c e n t ly, E m p l oye e P rov i d e n t F u n d Organisation (EPFO) rates were reduced from 8.8% to 8.65%.

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Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGetRich on 94 8300 8300

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How to Close the demat Account

Demat accounts attract annual fees and maintenance charges. It is a good idea to close all your inactive or zero balance demat accounts. If there are active balances, they can be consolidated into one account and the remaining redundant demat accounts can be closed. Closing a demat account involves visiting the DP office or branch by any of the demat account holders and submission of requisite form and documents.

Form

The account holder can download the application form from the website of the depository participant or DP.

Details

The following details need to be mentioned:

1. DP ID and Client ID

2. Existing details like name and address ­ it should match the records.

3. Reason for closing the account. All holders are required to sign the closure request form. POA holder (if any) cannot sign the closure request.

Transfer If the demat account has any balance (holdings), details of the account to which this balance needs to transferred must be mentioned in the form. The transfer can also be carried out by filling up a delivery instruction slip (DIS) before closure of the account.

Process

Once the form is submitted and is in order, it takes 7 to 10 business days to close the account.

Charges

There are no charges for account closure.

If the account has any negative cash balance, it must be settled before submitting the request for its closure.

Unused delivery instruction booklet slip should be submitted back to the DP.

Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGetRich on 94 8300 8300

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Dividends of Arbitrage Fund

Arbitrage funds are treated as equity-oriented funds for taxation purpose and therefore, the dividends received from them are tax-free for investors, under section 10 (35) of the Income Tax Act.

Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2018

Best 10 ELSS Mutual Funds to invest in India for 2018

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan

Invest in Best Performing 2018 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGetRich on 94 8300 8300

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Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

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Call us on 94 8300 8300

 

Section 80DD - Tax Deduction for supporting a disabled dependent

Section 80DD deduction is available for medical treatment and/or maintenance of disabled dependent

Life insurance policies are not covered under Section 80DD. This section is meant to cover the medical treatment and/or maintenance of the disabled. The deduction allowed is Rs 75,000 (if disability is 40% or more) or Rs 1,25,000 (if disability is 80% or more). Any expenditure that you incur towards his treatment and care, such as medicines, hiring an attendant, etc. can be claimed.

The premium on his medical insurance policy can also be claimed. In addition, policies such as Jeevan Adhaar, which provide a regular income for the maintenance of the disabled after you, are also covered under Section 80DD.

Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund

Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGet Rich on 94 8300 8300

Leave your comment with mail ID and we will answer them

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Call us on 94 8300 8300

 

Birla Sun Life Mutual Fund SIP Performance

Birla Sun Life Mutual Fund SIP Online

Fund Name	1 Year	3 Years	5 Years	7 Years	10 Years
Birla Sun Life Frontline Equity Fund	21.59	13.68	17.67	15.89	15.35
Birla Sun Life Top 100 Fund	22.79	13.67	17.99	16.30	15.08
Birla Sun Life Balanced '95 Fund	20.57	15.01	18.11	16.00	15.51
Birla Sun Life Balanced Advantage Fund	22.31	15.50	15.48	13.18	11.82
Birla Sun Life Advantage Fund	24.73	18.19	22.80	18.74	15.84
Birla Sun Life Equity Fund	29.49	19.26	23.05	19.13	16.41
Birla Sun Life Mid Cap Fund	30.48	20.97	24.75	20.34	18.32
Birla Sun Life Small & Midcap Fund	39.80	26.55	28.65	23.20	-
Birla Sun Life Tax Relief 96	23.53	16.45	21.18	17.85	15.55
Indices
Nifty 50 Index	17.97	8.38	11.15	10.04	9.73
S&P BSE Sensex Index	16.72	7.02	10.19	9.31	9.17
Crisil Balanced Fund Aggressive Index	14.95	9.30	10.98	10.10	9.74
S&P BSE 200 Index	21.24	10.96	13.45	11.57	10.86

Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2018

Best 10 ELSS Mutual Funds to invest in India for 2018

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan

Invest in Best Performing 2018 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms

For further information contact SaveTaxGetRich on 94 8300 8300

------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300