Thursday, September 17, 2015

Should you invest in Gold?

We don't advocate investing in gold. Gold is very different from other investments. For example, bonds pay you an interest. Stocks offer you a part ownership of of the company. The value of gold, on the other, is determined by its demand and supply. Sure, gold had a dream run in the backdrop of global economic turmoil in 2008. But that was an exceptional situation. We don't believe that diversification is about buying every available investments for the sake of diversification. It is more about optimising your portfolio to achieve your financial goals with some amount of stability.

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

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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