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Choose to invest in an open-ended equity mutual fund that aims for growth by investing in a focused portfolio of Leading Bluechip Companies. It is suitable for conservative investors with an investment horizon of more than 5 years, looking to diversify their investment portfolio and create wealth over the long term.
#equity mutual funds#balanced advantage fund#icici balanced advantage fund#equity fund#best equity fund online#best equity fund in india
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Choose to invest in an open-ended equity mutual fund that aims for growth by investing in a focused portfolio of Leading Bluechip Companies. It is suitable for conservative investors with an investment horizon of more than 5 years, looking to diversify their investment portfolio and create wealth over the long term.
#equity mutual funds#best mutual funds#icici balanced advantage fund#equity fund#best equity fund online
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Bluechip equity fund uses a bottom-up approach while selecting stocks. The benefit of bluechip equity fund is that it has long term focus with 'buy and hold' approach.
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ICICI Prudential Mutual Funds has a range of investment solutions. Compare mutual fund performance before investing and choose the right mutual fund schemes.
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The tax has always been a big issue for the people like me but the way you wrote this article was really helpful. You explained everything in a short and a simple way, making it easier to understand. Thank you for sharing this information
Tax Saving Mutual Funds: Equity Linked Savings Scheme (ELSS Schemes)
A popular and ideal investment for tax saving under Sec80C; the Equity-linked savings scheme (a.k.a an ELSS) are open-ended, diversified equity schemes that are offered by mutual funds in India. They offer a number of tax benefits under section 80C of the Income Tax Act, 1961. They usually have a 3 year lock-in period from the date of investment. This would mean that each of the investments, (suppose if in a Systematic Investment Plan) are locked in for a period of three years right from the starting date of investment.
These mutual funds have a majority of their corpus invested in equities and the returns from an ELSS fund majorly reflect the returns that are prevalent from the equity markets. Investors who have invested in these funds can only exit the ELSS after the period of three years. These types of funds have both growth and dividend options. On the expiry of 3 years in growth schemes, investors can get a lump sum; whereas in a dividend scheme the investors can get a regular dividend income. Here the dividend is declared by the fund, even while in the lock-in period.
These funds are absolutely tax free and an investor can claim up to INR 1 lakh of their ELSS investment as a deduction from the gross total income in the financial year (under Sec 80 C of the Income Tax Act)
ELSS funds, when compared to other types of traditional tax saving instruments such as National Savings Certificate (NSC), Public Provident Fund (PPF), bank fixed deposits, etc. the lock-in period of an ELSS fund is lower to a greater extent. PPF investments are known to be locked-in for a period of 15 years; NSC investments are locked in for periods up to 3 years whereas bank fixed deposits are locked in for 5 years.
These funds are not recommended for risk adverse investors and function as per stock market investments. All the risks which are associated with equity investments are pertinent to ELSS funds.
These types of funds are ideal choice of tax savings instruments and play a very important role in claiming deductions from the taxable income. It is under Sec 80C that the investors can enjoy the benefits of both tax benefits as well as capital appreciation.
While choosing an ELSS fund, it is very important to keep in mind certain key fund details such as: portfolio of the fund, fund manager’s investment approach, how volatile the fund has been in the past, the expense ratio of the fund, etc. These tax saving funds are known to give better returns as compared to other asset classes for the long term.
However, high inflows in the ELSS funds are determined by the performance of the stock market, in general. These funds are known to be the best tax saving instruments when it comes to the long run, especially when the investor can take on high amounts of risks.
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Plan your vacation today with ICICI Prudential Mutual Fund Vacation Planner Plan your future trip today with iciciprumf vacation planner Plan your goal today along with icici mf goal planner
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Systematic Investment plan is used to achieve your financial goal by calculating the right sip amount. Choose the best mutual fund for sip long term as per your requirement to achieve your dreams.
#mutual fund sip#systematic investment plan#best mutual funds for sip long term#best mutual fund for sip#sip mutual fund
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ICICI Prudential Mutual Funds, best mutual fund, mutual fund investment, Mutual fund in India, ICICI mutual funds schemes, mutual fund performance, mutual fund returns
#icici prudential mutual funds#best mutual fund#mutual fund investment#mutual fund performance#mutual fund returns
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Equity funds schemes are best suited for long term investments. Bluechip equity fund scheme invests in equity and equity related securities of large companies.
#equity funds#best equity mutual funds#Bluechip equity fund#equity mutual funds india#equity investment
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Every advertisement explain about the various benefits that one can avail by investing in mutual funds but no advertisement actually explains about the mistakes people make while investing their money in mutual funds.
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The are many benefits of investing in debt mutual funds so invest in the fund that best suits your investment objective, investment horizon and ability to take risk.
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Achieve your dreams with SIP
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If you are looking for ways and means to turn your savings into wealth, then it is most important that you make it a habit to save. A disciplined savings habit is the first step to multiplying your money. Once you start saving on a regular basis, the next big question is where and how to invest these savings so as to make the most of them. This is where a Systematic Investment Plan can be a big help.
What is an SIP
An SIP or a Systematic investment plan gives you a well planned approach for investing in high return instruments such as mutual funds. With an SIP, a predetermined amount of money is deducted at regular fixed intervals from your account and invested in your chosen instruments. Since the amount and frequency are preplanned and the money is auto debited from your account, it makes investment an absolutely hassle free process. Every time you invest money, units are bought at the market rate and added to your portfolio. Thus you are no longer trying to time your investments with volatile and unpredictable market swings.
Benefits of SIP
There are many advantages of SIP - not only does SIP give you a mechanism for disciplined savings, it also gives you long term benefits with compounding wherein your interest grows at a much faster rate.
How do i get started
The best way to get started with SIP is to first list down your financial goals. You can then determine the amount you wish to invest and the frequency based on your earnings and expenses. You will make the most of SIP if you invest for the long term - compounding always generates maximum value for long term investments. You might also want to opt for multiple SIPs so as to diversify your investments for greater risk tolerance.
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Investments in the stock market have become an important part of our financial plans. The key reason being the returns we receive which help us tide over hard times, pay for the higher education and even keep a good amount for our old age.
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Buying mutual funds online is one such activity which has gained great momentum because of the convenience offered to investors. We have Fund Houses with a huge online presence offering their best services to investors.
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Equity funds schemes are best suited for long term investments. Bluechip equity fund scheme invests in equity and equity related securities of large companies.
#equity funds#best equity mutual funds#bluechip equity fund#equity mutual funds india#equity investment
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Start with small monthly SIP installments in Mutual Funds and Top-Up your investments annually with your increasing income.
#sip#Systematic Investment Plan#sip calculator#best mutual funds for sip long term#mutual fund sip#SIP mutual fund#sip top up
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To evaluate debt mutual fund the points to be considered are stated investment horizon, maturity profile, credit rating profile, asset allocation and other quality factors.
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