Hello Dear Friends!!!
Yesterday only government has reduced rate of all debt instrument like bank F.D's, PPF, Kisan vikas patra etc., One Must keep in mind that inflation is also eating out our whole interest, so how can one earn more then inflation and the same time Create wealth also?
Latest rate of interest on PPF is 08.10%p.a. How can one earn more then this with more tax efficient and stability n security as PPF has?
I have solutions that is very popular among few class of people, its favorite for some too. I am talking about ELSS(Equity Linked Savings Scheme), it's Mutual fund products where you get Tax benefit under 80C and Beat inflation too.
Majority of people in india know very less about ELSS and main thing they dont know how safe it is to investing in ELSS. See all mutual funds are regulated by SEBI. Many investor has myth that apart from government company all other companies will run away with their money.
But fact is they don't know the structure of mutual funds in india. All mutual funds companies has to follow guide lines of SEBI and AMFI(Association of Mutual Funds in India). But as investor everybody has main myth that what if they run ways with all money then? Good question. First any mutual fund companies has to start with 100cr capital so good and stable companies will enter in to this business of asset management. If any company wants to exit from this business then other strong player will take over whole business.
Recent example is ING mutual fund. ING bank is taken over by Kotak bank and ING mutual fund is taken over by Birla Sun Life Mutual fund and this is not first take over. DSP MyrineLynch is now DSP BLACKROCK mutual fund. Many other examples is there.
ELSS is best solutions for those who wants to save tax and also wants to Create Wealth at the same time. Why ELSS is favorite is as under:-
01) ELSS gives Tax benefit under 80C,
02) ELSS has lowest lock in period(As you must aware that rest other tax saving instruments has bigger lock in period as low as 05 years, where in ELSS its just 03 years only),
03) ELSS can give far superior return then any other tax saving instruments can gives, i mean it. ELSS can give double digit return around 15% + p.a. TAX FREE,
04) No T.D.S. on Withdrawals OR on maturity means totally TAX FREE returns,
05) One can invest as low as Rs.500/- onetime no other commitment and no other obligation for investing next month OR Next year,
06) Not much documents required just needed to do KYC one time only,
07) Redemption is easy and fast, you will get your money within 4 to 5 working days by NEFT,
I have many investors who are fan of ELSS and they will forever invest in ELSS becuase of so much simple yet powerful tax savings instruments.
You can do S.I.P.(Systematic Investment Plan) in ELSS also, means you can invest on mothly basis too. You just needed to fix the amount that how much you wants to invest in ELSS and that amount will be debited automatically on particular date from your bank on every month basis. This is another powerful system where you just needed to fix the investment amount as per your Tax liability and then Just Relax. Your work is done No hassel at end of the year because you are investing through SYSTEMATIC WAY by S.I.P. means every month basis.
If one can just go on investing for Tax Planning and never redeem that money then he has not to worry about his RETIREMENT PLANNING because its taken care by this simple SYSTEMATIC INVESTING in ELSS.
HAPPY INVESTING
To know more and get Regular updates about Wealth Creations, Tax Plannings, Retirement Plannings, Children Education Plannings, CASH FLOW PLAN'S, S.I.P., LIC, MEDICLAIM, F.D'S, EQUITY TRADING, PMS, Concepts please visit n LIKE MY FACE BOOK PAGE
Thanks a Lot.
HITESH PARMAR
Wealth Creations:- 09223215255
Email Add:- shubhaarambhnow@gmail.com
Yesterday only government has reduced rate of all debt instrument like bank F.D's, PPF, Kisan vikas patra etc., One Must keep in mind that inflation is also eating out our whole interest, so how can one earn more then inflation and the same time Create wealth also?
Latest rate of interest on PPF is 08.10%p.a. How can one earn more then this with more tax efficient and stability n security as PPF has?
I have solutions that is very popular among few class of people, its favorite for some too. I am talking about ELSS(Equity Linked Savings Scheme), it's Mutual fund products where you get Tax benefit under 80C and Beat inflation too.
Majority of people in india know very less about ELSS and main thing they dont know how safe it is to investing in ELSS. See all mutual funds are regulated by SEBI. Many investor has myth that apart from government company all other companies will run away with their money.
But fact is they don't know the structure of mutual funds in india. All mutual funds companies has to follow guide lines of SEBI and AMFI(Association of Mutual Funds in India). But as investor everybody has main myth that what if they run ways with all money then? Good question. First any mutual fund companies has to start with 100cr capital so good and stable companies will enter in to this business of asset management. If any company wants to exit from this business then other strong player will take over whole business.
Recent example is ING mutual fund. ING bank is taken over by Kotak bank and ING mutual fund is taken over by Birla Sun Life Mutual fund and this is not first take over. DSP MyrineLynch is now DSP BLACKROCK mutual fund. Many other examples is there.
ELSS is best solutions for those who wants to save tax and also wants to Create Wealth at the same time. Why ELSS is favorite is as under:-
01) ELSS gives Tax benefit under 80C,
02) ELSS has lowest lock in period(As you must aware that rest other tax saving instruments has bigger lock in period as low as 05 years, where in ELSS its just 03 years only),
03) ELSS can give far superior return then any other tax saving instruments can gives, i mean it. ELSS can give double digit return around 15% + p.a. TAX FREE,
04) No T.D.S. on Withdrawals OR on maturity means totally TAX FREE returns,
05) One can invest as low as Rs.500/- onetime no other commitment and no other obligation for investing next month OR Next year,
06) Not much documents required just needed to do KYC one time only,
07) Redemption is easy and fast, you will get your money within 4 to 5 working days by NEFT,
I have many investors who are fan of ELSS and they will forever invest in ELSS becuase of so much simple yet powerful tax savings instruments.
You can do S.I.P.(Systematic Investment Plan) in ELSS also, means you can invest on mothly basis too. You just needed to fix the amount that how much you wants to invest in ELSS and that amount will be debited automatically on particular date from your bank on every month basis. This is another powerful system where you just needed to fix the investment amount as per your Tax liability and then Just Relax. Your work is done No hassel at end of the year because you are investing through SYSTEMATIC WAY by S.I.P. means every month basis.
If one can just go on investing for Tax Planning and never redeem that money then he has not to worry about his RETIREMENT PLANNING because its taken care by this simple SYSTEMATIC INVESTING in ELSS.
HAPPY INVESTING
To know more and get Regular updates about Wealth Creations, Tax Plannings, Retirement Plannings, Children Education Plannings, CASH FLOW PLAN'S, S.I.P., LIC, MEDICLAIM, F.D'S, EQUITY TRADING, PMS, Concepts please visit n LIKE MY FACE BOOK PAGE
Thanks a Lot.
HITESH PARMAR
Wealth Creations:- 09223215255
Email Add:- shubhaarambhnow@gmail.com
