Invest In Tax Saving Mutual Funds Online
Rupee depreciation does not only affect the country as a whole but its countrymen also.
Effect on Family expenses:
Fall in rupee increases country's import bill and Crude oil is the number one import item of India. This in turn increases the oil prices and indirectly the distribution cost which will affect our Grocery bills.
All this in combination hit negatively on Inflation and if inflation rises, then RBI may not even think of rate cuts in near future which means we have to continue with our High Interest Loan EMIs.
No rate cuts mean, slow growth of country and no foreign investment which may make the things worsen by Job cuts.
Effect on Investments:
As discussed above rupee depreciation reduces the interest of foreign investors in the country. We as Indians cannot support our country's stock or debt market as we only like Gold or Real estate. Our investment market is again dominated by foreign investors only. When they take out their investment, stock market is certain to fall, and debt yields will definitely rise.
All in all, Rupee depreciation is a very bad sign for Indian economy and we Indians too. Though there's nothing much we can do but not to buy gold in next 1 year to stabilize country's current account situation. Rest depends on government policies which again are more skewed towards their political agenda, as elections are due next year. These economic conditions are not in our hand to manage and thus we are not sure which investment is good to invest and when. So it's always better for investor to have proper allocation in all asset classes as per the risk profile to manage such kind of situation in a much better way.
Happy Investing!!
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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 )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
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