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In order to keep fit and healthy doctors recommend annual health check- ups. In many companies, it is mandatory for senior level employees. Some others have tie- ups with hospitals where employees can get these check- ups at a discount. And after a check- up if you are diagnosed with some illness, the doctor will recommend a change in diet or lifestyle or a course of medication. After all, good health is important. Similarly, it is equally important to conduct a regular check- up of your financial plan. Financial plans are an important aspect of managing one's money and trying to achieve one's financial goals. The plan should be reviewed on an annual or bi- annual basis. The financial plan must be based on the current standard of living and should also consider the assets and liabilities one has. A yearly review and ( if required) a change of financial plan is essential to asses the progress made towards achieving the financial goals. If the plan seems to have gone off course, one should take the necessary corrections to bring it back on track, by changing the asset allocation. Here is a list of things one should keep in mind while reviewing the financial plan: Income and expenses: It is very important to understand and monitor one's cash flows, that is, from where the cash comes in and where it gets expended to. With regards to income one should also be sure of how long that particular income stream will last. Prepare a budget based on past financials and predict the probable future income. It is also very important to factor in inflation as part of the financial plan. If your income exceeds your expenses on a consistent basis; it could be a sign that the financial plan is working for you. This means it is time to revisit the plan. Standard of living: This affects current expenses and savings) and determines the kind of funds that one will need beyond the earning years. Care should be taken to ensure that the standard of living is consistent with the income earned and that sufficient funds are set aside to be able to maintain the same standard of living in later years. This is particularly important because income levels will fall postretirement. Goals: A good financial plan lists down the long term and short term goals and this helps one understand and predict the future expenditures better. One should review goals each year and check whether these have been achieved, the progress towards achieving these and any changes that are needed to achieve these goals. For example, have an emergency or for a child education, marriage, Again, some goals could be for post- retirement period, such as going on a foreign holiday and special planning should be made for these. Risk level: One should always keep in mind that insurance is critical and ensure sufficient insurance coverage. and to estimate current and future insurance needs - be it for vehicle, and then consider if there is sufficient Always ensure that the financial plan is flexible. A flexible change every year. A financial plan health check is a continuous process and needs to be in mind

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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 )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund