How saving money can save you more money. - PowerPoint PPT Presentation

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How saving money can save you more money.

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If you ever wanted to get a headstart to reducing your tax component – the simplest way would be to invest in equity linked saving schemes. For more information about best performing tax saving funds, log on to – PowerPoint PPT presentation

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Title: How saving money can save you more money.


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How Saving Money Can Save you More Money
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  • We are all familiar with the phrase and concept
    of money making more money for us, but have you
    ever heard of money saving more money for you?
    Well, as hard as it is to believe it is a
    reality. How do you ask? With the right mutual
    funds. There are many different kinds of mutual
    funds in the market and one of the most preferred
    methods to reduce your strain on tax. If you ever
    wanted to get a head start to reducing your tax
    component the simplest way would be to invest
    in equity linked saving schemes.

3
Tax Saving Mutual Funds
  • With tax saving mutual funds, you are able to not
    only save money for a brighter future but also
    reduce your tax liabilities. Looking at
    investments, you are sure of getting a large
    quantum if you start early in the year and also
    get the benefit of tax exemption. The smart
    investor should look at this to get better
    returns than investing at the penultimate month
    to save taxes.

4
Systematic investment plan
  • The investments can help chalk out a regular
    style of saving money and that is the perfect
    build up for you as a person. A systematic
    investment plan is a quickest and smartest way to
    start through a smart ELSS the key would be to
    keep a plan with a long tenure to get the best
    returns of it. When you invest in such funds you
    can claim savings of Rs 1.5 lakhs under the
    section 80 C. It is almost a benefit that is
    passed on for taking better control of the
    savings in your life.

5
Choosing the best performing ELSS
  • If you were to calculate, there are many ELSS
    options in the market today and choosing the best
    performing is a tough nut to crack. They are
    transparent, high liquidity and does give you
    higher returns whats the catch? They are
    higher in risk as compared to an equity based
    fund. We may think that most investors are
    looking to invest here, however, only about 15
    of the total fund investment comes in from ELSS.
    So, if you were to start a fund at the start of
    the financial year, you would get better returns
    than putting those investments at the end of each
    financial year.

6
  • Here are some of the best tax saving funds in the
    market and they would give you benefits that you
    have been missing out for too long.

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Here are the Best tax saving funds
  • IDFC tax advantage Direct (G)
  • With nearly 28Cr as the assets under management,
    this fund is one of the best performing funds
    today and promises to give you healthy returns on
    investment. Apart from the tax amount that you
    save, you are also getting good profits on your
    hard earned money.
  • SBI Tax Advantage Sr-2
  • With continuous growth on the long and short
    pattern, this tax saving fund does give you value
    for your buck. An early investment here can reap
    big dividends, is it a fund that has matured
    completely though? Thats a call you need to take.
  • IDFC Tax Advantage ELSS RP
  • One of the best serving ELSS out there in the
    Indian market. It has been consistently
    delivering and has slowly become one of the most
    sought after funds in the market today. The fund
    has been around for a long period of time and has
    developed to be one of the most trusted funds in
    India today.

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  • Moreover, these funds need not be in a single
    pay-out, these can be paid over a monthly payment
    and that ensures you are not putting in a lot of
    money in one go. It is the perfect investment
    instrument for anyone who is juggling a working
    life and wants to continue making strong
    investments as well. In fact, the tax saving
    benefits come to be one of the reasons that many
    are keen on investing in such tools each year to
    reduce your tax liability. At the end of the day,
    you are able to gain on the reduction of tax as
    well as the growth you get from the investment.

9
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