Skip to main content

5 Investments you Must have in 2017

 

Investing can be a tricky business. But there are many safe investment options that offer multiple benefits. Regardless of whether you have an appetite for risk, here are five investments that you must have in 2016.


NPS account

Make this a priority in your investment plan. The National Pension Scheme (NPS) is a voluntary pension scheme that allows you to save systematically during your working years and to retire with adequate income. Contribution to NPS is eligible for an additional income tax deduction of Rs 50,000 under Section 80CCD. So, you can save an additional Rs 16,000, if you fall in the highest tax bracket. The extra deduction of Rs 50,000 raises the total deduction allowed under Sections 80C and 80CCD from Rs 1.5 lakh to Rs 2 lakh. Moreover, NPS is portable across jobs and locations. It can be opened at any bank registered with the Pension Fund Regulatory and Development Authority by anyone aged between 18 and 60 years.


Sukanya Samridhi Yojna

If you have a daughter aged less than 10 years, here is an initiative to ensure her financial security and independence. Sukanya Samridhi Yojna (SSY) is a saving scheme with interest rates that are higher than for fixed and recurring deposits. The scheme is designed to reduce the financial burden of marriage and education for your daughter. The current interest rate is 8.6 per cent per annum. With SSY, you have to stay invested until your daughter turns 21. This works as a steady and compulsory saving mechanism. The minimum deposit is Rs 1,000 per month.


Mutual Funds

To meet your long-term financial goals, you need investments to grow your money. Mutual funds can do that for you. Even if you have a low risk appetite, investing in top mutual funds through a systematic investment plan can provide good returns in 2016. You could also switch or diversify your risk by investing in mid- and small-cap mutual funds. Some options, based on CRISIL rankings, are SBI Blue Chip Fund, DSP BlackRock Small & Midcap Fund, BNP Paribas Small N Midcap Fund, Tata Balanced Fund and Mirae Emerging Bluechip Fund. If you are new to mutual fund investments or prefer short-term gains, fund managers can help you make investment decisions based on your future needs. You can make investments online from the comfort of your home or office, and receive regular updates through phone or email.


PPF account

Public Provident Fund (PPF) has a fabulous reputation. Much like NPS, PPF is geared towards saving for retirement. Moreover, it offers high return at low risk. Other similar investments tools like fixed deposits (FDs) provide a high interest rate of up to nine per cent, as against 8.7 per cent for PPF accounts. But the interest earned on FDs is liable for tax deduction. Meanwhile, PPF remains tax-free on maturity. It also offers tax exemption of up to Rs. 1.5 lakh under Section 80C.


Gold monetisation

Investment in gold has always been a long-term means for wealth creation. It diversifies your portfolio and serves as a hedge to minimise risk. In the event of a market crash, gold prices either remain unaffected or might even rise. Besides, as a result of many newly introduced schemes, you can now deposit gold in banks in exchange for gold certificates. You could also purchase gold bonds issued by the Reserve Bank of India (RBI). The price of the bonds is linked to the price of gold and you get an interest of 2.75 per cent. Thus, you not only earn interest but also save on the carrying cost.


Due to the lower interest rates and the launch of affordable housing schemes, you could also gain by investing in the realty market using the 'buy now, sell later' approach. But your selection of investments should be tailored to suit individual priorities and goals.







------------------------------------------
Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact Prajna Capital on 94 8300 8300

--------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Call us on 94 8300 8300

---------------------------------------------

 

Popular posts from this blog

How to gauge the risk profile of your mutual fund portfolio?

MUTUAL funds are considered to be an investment option for those who do not generally devote a lot of time to monitoring and managing their portfolios. Investors experience both good as well as tough times as far as mutual fund investments are concerned. But while evaluating the portfolio of their equity mutual fund holdings there are a few points that one should check to know about the level of risk that they are facing. Often there are situations where there is a higher risk than what was estimated initially. Here are a few ways to evaluate various risk levels. Individual holding exposure : The portfolio of the equity fund where one has invested or plans to invest needs to be scrutinised to see whether the risk levels are such that could lead to a larger volatility in the holdings. Depending upon this factor and the risk taking ability of the investor the choice about a particular fund as an investment should be made. One key point to watch out is whether there is a large ex...
Read more

Stick to Good Fund Manager who Can Multiply Your Investment

A manager may be the difference between the best and worst funds. Here's how you can find the right one    Does a mutual fund manager make a difference to your investment? The answer may not be as easy as you think, since most best-performing mutual funds have moved away from individualistic fund management to process-driven methods, limiting the scope of an individual's role in investment decisions. In fact, many fund managers would speak at length about how the "system" their fund house has in place makes their task of picking stocks easy even though it restricts their freedom. Still, the question is important, especially after recent reports that the Securities and Exchange Board of India ( Sebi ) may ask fund managers to disclose to investors their track record of managing money. Let us take a look at the universe of large-cap funds over the past five years. According to Value Research, an independent mutual fund tracking firm, the topper in the category is DSP...
Read more

Tata Fixed Income Portfolio Fund dividend

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)       Tata Mutual Fund has announced dividend under the dividend option of Tata Fixed Income Portfolio Scheme B2 Plan A-DQ, Tata Fixed Income Portfolio Scheme B2 Reg-DQ and Tata Fixed Income Portfolio Scheme B2 Direct-DQ. The record date has been fixed as August 29, 2013. Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- 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 Onlin...
Read more

Impact of Demonetization

Impact of Demonetization:   ·          Improvement in Government's fiscal position going forward:   Ø   Higher benefits for the Government if lesser currency notes comes back into the system Ø   Increase in Tax Reporting leading to better revenue hence better fiscal   ·          System Liquidity to increase going forward ·          Inflation expected to fall further ·          Growth to be positively impacted over medium to long term with near term hiccups   Duration Funds:   In light of the above facts and expectations investors may consider long duration funds ( Reliance Dynamic Bond Fund, Reliance Income Fund & Reliance Gilt Securities Fund ) as these funds would benefit on further easing of yields over next 12 to 18 months.   'Reliance Dynamic Bond Fund' aims at generating returns even in stable interest rate markets by exploring different trading strategies. The strategy to differentiate Tactical Positions f...
Read more

NRIs and direct taxes code (DTC)

DTC Proposes To Do Away With Special Provision That Allows NRIs Liberalised Duration Of Stay In Country      THE new direct taxes code could bring a large number of global Indians under the tax net, as it does away with a provision that allowed individuals to escape tax in any country citing double tax avoidance.    The new legislation, introduced in Parliament on Monday, says an individual shall be a resident of India in any financial year if he is in the country for more than 59 days in that year, and has been has been India for more 365 days in four preceding financial years. A number of Indian industrialists including Vedanta's Anil Agarwal and Essar's Ravi Ruia have acquired non-resident status over the years.    The DTC has only attempted to clean up the provision in line with the laws globally. A phrase "being outside India" in the existing income tax law exempted individuals who stay outside the country for six months from paying taxes. This was prone ...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now