Invest MF SIPs Online
THOUGH THERE is irrefutable empirical evidence that equities can give high returns in the long term, small investors continue to rely heavily on fixed income investments. Equities account for a very small proportion of the total household savings. Surprisingly, even young investors who are in a position to invest in stocks, opt for the safety of bank deposits and small savings schemes. This aversion for equities could prove harmful in the long term. If you spend `40,000 a month on household expenses today, even 6% inflation will push that up to `72,000 a month by 2026. By 2031, the requirement will surge to `96,000 and by 2036, it would be `1.28 lakh a month. This is why even risk averse investors should consider allocating at least 10-15% of their portfolios to equities. Your money needs to grow at a faster clip than the inflation rate to sustain your lifestyle for several years. This can't be done by parking the entire retirement savings in low yield fixed deposits
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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
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