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

What is Electronic Clearing Service (ECS)?

  As the name suggests, it's an electronic process through which money can be transferred from one bank account to another. According to RBI, this mode is usually used for regular payments and receipts, like distribution of dividend, interest, salary, pension etc. This mode is also used for collection of bills for telephone, electricity, water, various types of taxes, payment of EMIs , investments in mutual funds , payment of insurance premium etc. There are two types of ECS , like most other banking transactions, ECS credit and ECS debit. An ECS credit is used by a bank account holder , usually a large company or an institution for services like payment of dividend, in terest, salary, pension etc. If your mutual fund pays you dividend to your bank account, of all probability it is being paid through ECS credit.ECS debit, on the other hand, is used when a company or an institution is getting money from a large number of people. For example if you are investing in a mutual fund sc...
Read more

WEALTH TAX

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 WEALTH TAX   WHAT CONSTITUTES WEALTH? For wealth tax purposes, "wealth" means property , urban land, car, jewellery , yacht, boat, aircraft and cash in hand in excess of Rs 50,000. CAUTION POINT | Do not think you will have an easy escape from wealth tax by transferring your `wealth' without consideration to your spouse or minor child. Such assets will also be considered as your wealth. HOW TO DETERMINE YOUR TAXABLE WEALTH Add the taxable value of the above assets (computed as per the detailed rules for valuation) owned by you as on March 31 (for FY 2014-15, it will be March 31, 2015). In case you sold your car during the year, it will not be taxable wealth. Deduct loans if any obtained by you to acquire any of the taxable assets from the value of gross tax out for at least 300 days in a...
Read more

Equity Savings Fund

Invest Equity Savings Fund Online   The best part about these funds is that they are subject to equity fund taxation and at the same time are structured like MIP like funds . This new category, equity savings funds , offer a little of everything. They allocate money to equities & equity related instruments, and fixed income. They aim to generate returns by diversification. Such funds invest in fixed income and arbitrage to protect the investors from short term volatility and equity for capital gains. The best part of these funds is that they are subject to equity fund taxation and at the same time are structured like MIP funds.   MIP funds however are subject to debt fund taxation. Investors Equity savings funds are suitable for the following: First time investors who seek partial exposure to equity with less volatility and greater stability Investors seeking moderate capital appreciation with relatively lower risk Those wh...
Read more

How to Pick Top Performing Mutual Fund Schemes

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   How to Pick Performing Schemes  Funds that continue to stay in the top grade of performance over longer periods are the ones to bet on, advise investment experts   The mutual fund performance charts of the past few months make for an impressive reading. Funds across all categories boast of stellar returns. Sample this: The mid and small cap category has averaged 77 percent return over the past 12 months, with the best fund delivering a staggering 120 percent. The tax-saving funds also average an impressive 51 percent, including a fund which has soared 92 percent. Many of the table-toppers are funds of proven quality and track record. However, there are also schemes that are not that well-known. Some of these have rarely made it to the performance charts in the past, yet, of late, they bo...
Read more

8% Government of India Bonds quick guide

For those seeking comfort in safety of returns, the Government of India issued 8% savings bond once again comes to the fore. First launched in 2003, these bonds are issued by the government with a maturity of 6 years. The bonds are available at all times with specified distributors through whom you can apply to invest in them. Here is a quick guide to what the bond offers and its features to ascertain to check for suitability. What are Government of India bonds Government of India bonds are like any other government bonds with specified rate of interest. The rate is fixed at 8% per annum paid half yearly, or you can opt for cumulative payment of interest at the end of the tenure. You can buy these bonds from State Bank of India and its associates, other nationalized banks and some private sector banks such as HDFC Bank Ltd and ICICI Bank Ltd, among others. The bonds can be bought from the offices of Stock Holding Corporation of India as well. They are available in physical form onl...
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