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Sunday, March 13, 2016

Retirement Planning

 
 


 
1 Do the math.
 
Compute how much you will need after retirement, taking into account living expenses, medical expenses and inflation.

2 Start now.

 

Begin to save for retirement at an early age and allow the magic of compounding to work its wonders. To begin with, make a habit of saving at least 10% of your income for retirement.

3 As your income increases, increase your contribution towards retirement. Gradually, as a rule of thumb, you should be saving 40-50% of your income when you hit the peak of your earnings.

4 Make a household budget and a saving plan and stick to it.Establish an automatic investment plan.

5 Don't withdraw from the retirement corpus before retirement.This will hamper the compounding and amount to a serious shortfall at retirement.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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