5
Best Tax Saving Instruments
Return
Tax Friendly
Features of
Perfect Tax
Saving
Scheme
Low Risk
Liquid
A perfect tax Saving scheme may not
give the best returns, but the Tax it
saves is enough to compensate for
the lesser returns
The returns on Tax saving products
should have minimum Tax
Should have lowest risk of principle
Erosion in Long term
Should be Considerably Liquid or
Loan can be taken against it
Source- AdviseSure Research
About
Benefits
Equity Linked Saving Scheme (ELSS)
are Tax Saving Mutual Funds which
invest in Equity Shares. They have a
lock-in period of 3 years
Tax benefit under Section 80C of
Indian Tax Act
High Returns of Equity
Returns are also Tax free
Minimum
Investment
If Lump Sum – Rs. 5,000
If SIP – Rs. 500
Top 3 Funds
Axis Long Term Equity Fund (G)
ICICI Pru RIGHT Fund (G)
SBI Tax Advantage Sr-2 (G)
Source- AdviseSure Research
01
ELSS- Tax
Saving
Mutual
Fund
About
Benefits
02
PPF
Public
Provident
Fund
Investment
Interest Rate
Public Provident Fund is a Tax Saving
scheme which provides tax savings
and decent returns on investment
Investments upto Rs. 1.5 Lac are
Tax Exempt
Loan and withdrawal option is
also available depending upon the
amount deposited
Minimum Investment – Rs. 500
Maximum Investment – Rs. 1.5 Lac
8.70% with effect from 1st April 2013
Source- AdviseSure Research
About
Benefits
Term Insurance is life insurance,
which is only for covering financial
risk associated with the death of the
person and not for investments
It helps protect your family
against uncertainties of life by
providing for their financial safety
The premium amount is also very
low compared to other policies
It also provides Tax benefit on the
premium paid
Allowable
Amount
Maximum amount allowed for Tax
deduction is premium of Rs. 1.5 Lac
Top 3 Term
Insurance
HDFC Life Click 2 Protect Plus
Bajaj Allianz – iSecure
Bharti Axa Term Plan - eProtect
Source- AdviseSure Research
03
Term
Insurance
About
Benefits
04
Mediclaim
Insurance
Allowable
Amount
Mediclaim policy that takes care of
hospitalization expenses by
reimbursing actual medical expenses
Cost of a Mediclaim is 0.5-2% of
the total expenses that one would
incur incase one is hospitalized
A deduction of Rs. 15,000 can be
claimed every year
Minimum Amount – Rs. 2,000
Maximum Amount – Rs. 20,000
Top 3 Medical Star Family Health Optima
Max Bupa Heartbeat Health Gold
Insurance
Apollo Munich Easy Health
Exclusive
Source- AdviseSure Research
About
Benefits
A fixed deposit is an instrument
provided by banks which provides
investors with a rate of return which
is higher than a regular savings
Long Term Saving
Decent rate of Interest varying
from 8-9.5 from Banks to Banks
05
Investment
Top 3 Funds
Maximum Tax Exempt amount has
been increased to Rs. 1.5 Lac,
however one can invest more in an
FD every year
Bharat Co-operative Bank (9.5%)
Lakshmi Vilas Bank (9.25%)
Andhra Bank (9.1%)
Source- AdviseSure Research
Bank FD
Tax Saving
Fixed Deposit
We Offer
Advisory Fees Rs. 365 Per Annum
Customized advise only for you
Regular Review and Rebalancing
Unlimited Long Term Investment Advise
Tax efficient portfolio design
No Minimum investment
Substantial Savings in Commission
( Optional)
Customized , unbiased Wealth Management
@Rs. 1 per day
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