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Invest In Tax Saving Mutual Funds Online
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A mutual fund is one of the best venues to get exposure in the equity markets. It is an ideal route for people who do not have the knowledge or discipline to pick quality stocks and stay the course. Tax savings mutual funds provide you the double advantage of saving taxes and enhanced return.
ELSS (Equity Linked Saving Scheme) is a type of tax saving mutual funds eligible for deduction under 80C. Many people do not make use efficient use of ELSS. It can be a double hit if utilized properly.
Tip #1: An ideal method to invest in tax saving mutual funds would be to take an SIP method.
Tip #2: It should be in a well-managed (credible fund manager) fund from a reputed mutual fund house.
Tip #3: Don't invest in one lump at March (or end of financial year) to get tax savings. Markets may be at the higher end. Then if market goes down, your values shrinks drastically. As said above, split them over several months in uniform way.
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