SIP acts as an automatic market timing mechanism!
It forces you to buy more units when the price is down and fewer units when price is up.
SIPs help you inculcate discipline in your saving habit.
By investing into Equity linked saving scheme (ELSS) you can save tax yearly up to 45,000/- under section 80C of Income tax act 1961.
SIPs let you invest in a mutual fund scheme of your choice.
Buy early for the best price.
Because your employer cover is just not sufficient.
By investing into Health Insurance for you and your family you can save Tax up to 30,000/- under section 80D of income tax Act 1961.
Buying early means you'll enjoy full benefits when you need.
Because it covers much more than just hospitalization.
An IPO allows you to be one of the first investors to unlock the company's potential.
The stock market is all about betting on the future growth potential of the company.
You can save tax on short term capital gain earned under section 111A of Income tax Act, 1961.
Always ensure you read the company's prospectus clearly.
The sooner you buy shares of good company, the better.
Term Insurance is not an investment product, but a pure risk transfer instrument.
The primary determinant of your term coverage requirement is your present income.
An insurer’s Claim Settlement Ratio is the most reliable barometer for evaluating its performance.
You can save tax up to 45,000/- under section 80C of income tax act, 1961.
Most Financial Planners agree that ideally, a basic term cover should protect ten to twenty years of your current, post-tax income.
Investment in post office MIS Scheme is considered as safest investment.
Guaranteed Returns assured by Government of India.
You can start MIS with Initial Deposit as low as Rs.1500.
Reinvestments Facility in RD can give you higher return.
You can save tax up to 45,000 under Section 80C of the Income Tax Act, 1961.
Identify and prioritize goal can help you in finding Targets.
Identify the resources required to meet goals to achieve Targets.
Decide asset allocation for Risk Management.
Choose the right investment / Product and finally based upon risk return ratio.
Review and revisit goals w.r.t Target.
Maximum equity allocation is 75 per cent.
NPS has a passive investment approach for long term.
Loan term association with NPS
You can save tax up to 45,000 under section 80CCD (1) and 80 CCD (1B) of income tax Act 1961.
Corpus is only partially tax free.
Estimate your taxable income in advance.
Plan your investment and expenses.
Keep relevant tax-related documents safely in one place.
Assess your tax liabilities at regular intervals.
File ITR well in advance before the last date.
Identify and prioritize goal can help you in finding Targets.
Identify the resources required to meet goals to achieve Targets.
Decide asset allocation for Risk Management.
Choose the right investment / Product and finally based upon risk return ratio.
Review and revisit goals w.r.t Target.