Tax Saving to help you grow better

Tax Planning should be a yearlong affair. It should start at the beginning of the financial year, in April itself, but the large number of people start thinking about tax planning investments in the last three months of the year. Ideally for any individual, investing in tax saving instrument should not be the main goal, but should form part of his overall long term financial planning. Regular investing inculcates a habit of disciplined investing among investors.

Financial planners and advisors say that investors who plan to save taxes and also come with long term financial goals, mutual funds offer one of the best products among tax saving instruments. One of the best tax saving options is ELSS schemes.

Fund houses offer systematic investment plan with ECS mandate for investing in these funds which make it easier for people to invest. An SIP approach allows the investor to reap benefit of rupee-cost averaging. Here the investor buys more when the price of a mutual fund scheme, that is its NAV, is low.

For more info about mutual funds and ELSS schemes, contact us.