Tax Saving Mutual Funds Online
Current open Infra Bond Application form
The unique selling proposition of the guaranteed maturity insurance plan is that it is the lowest single premium unit-linked insurance policy (Ulip) available in the country now, according to the company.
WHAT ARE ULIPS?: These products offer the insurance coverage as well as high returns on investment to the customers. A single-premium Ulip is where the investor pays the premium just once.
The target market for single-premium Ulips is usually people in the smaller towns and remote regions, since, with a single payment, they can avail life coverage. However, considering that a Ulip investment can be used for tax-saving under Section 80C, anyone, with a taxable income, can consider this product.
The company promises a maturity of at least 200 per cent of the amount invested, apart from life cover through the en tire 10-year tenure of the product. There are no allo cation charges and 100 per cent of the single premium l into paid by the investor goes the unit account. The term of the product is ten years and it allows partial withdrawal after five years.
The premium paid would be invested in a guaranteed bond fund, which would invest in a mix of debt and debt-related securities.
The sum assured in case of the demise of the investor would be five times of the single premium for the first year, and for subsequent years, will reduce to 1.25 times of the single premium for age-at-entry less than 45 years and 1.10 times of the single premium for age-at-entry 45 years and above.
The single premium paid should be a minimum of Rs 5,000 or in multiples of Rs 5,000. The investor gets a guaranteed maturity certificate (GMC) for every Rs 5,000 invested, and partial withdrawals can be made in units of GMC or multiples of Rs 5,000.
Any young salaried member without an insurance cover and wanting to make an investment for tax-planning this year can consider the product. Factors like the entire premium amount being invested without any allocation charges and allowing partial withdrawals after five years are certainly attractive.
However, like what most financial planners insist, a Ulip can not replace an insurance cover as sum insured is very less. For someone investing Rs 50,000 in this product, the sum insured in case of his death after, say three years, would only be Rs 62,500 if he is less than 45 years old, and only Rs 55,000 if he is over 45 years of age.
---------------------------------------------
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 )
- HDFC TaxSaver
- ICICI Prudential Tax Plan
- DSP BlackRock Tax Saver Fund
- Birla Sun Life Tax Relief '96
- Reliance Tax Saver (ELSS) Fund
- IDFC Tax Advantage (ELSS) Fund
- SBI Magnum Tax Gain Scheme 1993
- Sundaram Tax Saver
---------------------------------------------
Application form for Tax Saving Infrastructure Bond and more information
Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------
How to apply to HUDCO Bonds?
Apply for HUDCO Tax Free Bonds forms below
Download HUDCO Tax Free Bond Application Forms
Submit the filled up form to Collection canter near you
------------------------------------------------
How to apply to REC Bonds?
Apply for REC Tax Free Bonds forms below
Download REC Tax Free Bond Application Forms
Submit the filled up form to Collection canter near you
