Friday, March 13, 2015

Why Monetise Gold?

Idle cash when converted to a bank deposit, multiplies. A bank makes a loan with its deposits, which in turn is the deposit of another bank, which lends the money onward and so on. As long as all depositors do not ask for all the deposits back at the same time, idle cash converted to deposits can enable economic activity that is a multiple of its original value. That is what the government wants to do with gold.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

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