Conventional investment are safer but return less interest. So where to investment and how to invest your hard earned money.
Invest in diversified mutual funds, ULIPS, SIP, MIS, ELSS, Bonds for higher returns as compared conventional savings.
Equity Linked Savings Scheme also called ELSS:
Anything between 5000-100000 rupees can be fixed deposited under ELSS for 3 years and returns are based on the market performance of the equity. It is a tax exempted scheme in India under 88C.
Unit Linked Insurance Plans also called ULIP:
Premium paid by you is invested in commercial bonds, public securities and stocks. this is like mutual funds but with insurance. Earnings from it are tax free.
Infrastructure Bonds:
You can save any thing between 30 thousands to 1 lakh in bonds. It will be fixed deposited for 3 years.If tax break is considered then interest is compounded on 8.7% to 11.7% else the interest will be compounded on 5% to 6%.
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Invest in diversified mutual funds, ULIPS, SIP, MIS, ELSS, Bonds for higher returns as compared conventional savings.
Equity Linked Savings Scheme also called ELSS:
Anything between 5000-100000 rupees can be fixed deposited under ELSS for 3 years and returns are based on the market performance of the equity. It is a tax exempted scheme in India under 88C.
Unit Linked Insurance Plans also called ULIP:
Premium paid by you is invested in commercial bonds, public securities and stocks. this is like mutual funds but with insurance. Earnings from it are tax free.
Infrastructure Bonds:
You can save any thing between 30 thousands to 1 lakh in bonds. It will be fixed deposited for 3 years.If tax break is considered then interest is compounded on 8.7% to 11.7% else the interest will be compounded on 5% to 6%.
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