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Finance

Mutual Fund Investment Plans in 2020

Mutual funds are an investment tool that pools money from several investors and invests it in company stocks, bonds, government instruments, etc. in order to generate a profit for investors. This profit may be paid out as dividends to investors (dividend plans) or reinvested by the fund for capital appreciation (growth plan). There’s a huge variety of funds to choose from, and a large number of Asset Management Companies (AMCs)/fund houses. that offer excellent schemes for all types of investors.

Mutual Fund Investments are for anyone who wishes to be richer than they currently are – through smart investments. Mutual funds investment allows for wealth creation while offering several benefits of diversification, professional management, low cost, etc. Investing in mutual funds is no longer the ‘new’ way to get rich, it’s a tried and tested method with standard practices that have helped millions of people around the world meet their financial goals. You can start investing in mutual funds and SIP with as little as Rs.1,000.

mutual funds online

There are thousands of mutual funds schemes and the value of these changes every day, to find and invest in the best mutual fund scheme just log on to www.fundsindia.com and find the best performing funds.

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Finance

Franklin India Prima Plus

Franklin India Prima Plus, now renamed as Franklin India Equity Fund is a multi-cap fund that allows you to invest in a diversified equity portfolio. It is an open-ended mutual fund scheme which aims to provide growth of capital and regular dividend from a portfolio of equity, debt and money market instruments and focussing on wealth-creating companies across all sectors and market cap ranges. It gives the flexibility to invest across large, mid and small-sized companies and therefore, generates much higher returns.

Franklin India Equity Fund was launched by Franklin Templeton Mutual Fund on 29 Sep 1994. The fund currently has an Asset Under Management(AUM) of ₹11,459 Cr and the Latest NAV as of 02 Jan 2020 is ₹598.10. It would complete 25 years – the 3rd such fund from the AMC (along Bluechip, Prima).

franklin india equity fund

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Finance

Best Tax Saving Mutual Funds Investment in 2019-20

When it comes to saving income tax there are many investment options available in India such as PPF, ELSS Mutual Funds, NPS, FDs, Home Loans, Life Insurance, SCSS, etc. Among all, the Equity-linked Saving Scheme (ELSS) is the best tax saving investment option for a long-term investment in equity. ELSS is a type of mutual fund which allows you to invest in equities with a minimum lock-in period of 3 years under the new Section 80C of the Income Tax Act 1961.

Top 5 Tax Saving Funds to Invest in 2019-20:-

1. Mirae Asset Tax Saver Fund
2. Axis Long Term Equity Fund
3. TATA India Tax Saving Fund
4. Motilal Oswal Long Term Equity Fund
5. Kotak Tax Saver Fund

Stop thinking and Start Investing in ELSS now!

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Finance

ELSS Investment for Tax Saving

ELSS investment is the finest option to grow your investment as it acts as a tax-saving instrument. Equity Linkedin Savings Schemes as the name suggests deals in Equity Mutual Funds where your money is invested in shares and stocks with a lock-in period of 3 years. ELSS funds benefit not only in tax savings but can also help you get better returns of your investment.

ELSS Investment

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Finance

Why Invest in Tax Saving ELSS Funds Online?

Equity Linked Savings Schemes also popularly known as ELSS are a type of tax saving mutual fund investment in which the majority of the funds are invested in equity schemes. Under section 80C, investors can get a tax benefit of up to Rs 46,800 by investing up to Rs 1.5 lakhs per year in tax-saving schemes such as ELSS with a lock-in period of 3 years.

Benefits Of Investing In ELSS Funds

You can get the dual benefit of saving on taxes and a higher return on ELSS investment as compared to bank FD, PF, NSC, and other tax-saving investment options. Invest in tax-saving ELSS funds online with Fundsindia which provides a completely free, paperless, and 100% secure online platform from which you can start, manage, and stop your investments.Best Tax Saving Mutual Fund

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Finance

Best Tax Saving Investment Plans

Tax saving investment plans is significant in achieving your financial goals. Mutual Fund schemes available in the market provide tax exemptions and tax deductions. Learn how you can reduce your tax burden by investing in the tax saving schemes at the right time in the right mutual funds. Explore our various tax saving mutual funds to claim tax exemptions and/or tax deduction under section 80c or section 80ccc.tax saving investment

Categories
Finance

Calculate your Taxes Using Tax Saving Calculator

Is the Tax Saving Calculator really beneficial? Yes, it is. It makes convenient for you to plan your investment apart from giving instant and precise results. Moreover, it calculates your tax liability based on your income and tells you how much you can save through various tax-saving instruments.Tax-saving-calculator

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