Invest In Tax Saving Mutual Funds Online
There is a basic income and wealth equation in all our financial lives. If we enjoy a surplus from our incomes on a regular basis, we are able to use it to build wealth. The poor, who struggle to meet their basic expenses, fail to build wealth. It is not merely the income one earns, but the wealth created that defines how comfortable one's financial life will be.
Wealth can be divided in three portions.
The first is Preservation, which is the amount needed to take care of all the essential expenses over a large number of years of one's life, or the household's needs. The wealth that is meant to secure the household's needs cannot be exposed to risks.
The second portion is Accumulation. If the entire wealth is conservatively kept to be secure and safe, it will simply erode over time since inflation is a monster that can increase the needs of the household dramatically. Therefore, some growth in wealth is desirable so that it appreciates in value over time.
The third portion is Maximisation. This is the active deployment of wealth with the objective of increasing it.
It is obvious that in terms of risk and return, the three portions progressively hold higher risk and higher return.
The reason retiring professionals and celebrities try to secure their incomes is that they want to cushion the wealth from business decisions that may go wrongEvery good business decision maximises the pie, as happens in shrewd business families that have mastered the art of taking risks, making large investments and managing them efficiently. When business decisions backfire, the erosion in wealth is tough to manage, even for someone like Vijay Mallya, whose losses in Kingfisher are threatening the other components of his wealth.
The salaried class, used to the comfort of a regular income, might not have the stomach for business to jump from preservation to the maximisation mode. Many of them live in the illusive world, believing that a few tips from brokers will open the world of magical returns for them. They skip accumulation and demand that all investments preserve their wealth and also earn high returns. Find out how your wealth is apportioned and how you will build and use each. You may find the principles to be surprisingly similar.
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
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