Financial Year 2015-15:
Investment for Savings (80C Basket up to
Rs.1.5 lac) that any one should consider.
Employees’ Provident Fund (EPF)..!
For a
salaried individual, the entry in the world of section 80C investment products
begins with EPF.
Every month, you and your employer
contribute 12% of any one's salary in the EPF account.
The 12 % that you contribute qualifies for a
tax deduction under 80C up to Rs.1.5 lakh a year.
EPF for now is returning 8.75% per annum.
This is one the best products for a tax-free, risk-free return.
And with the unique account number (UAN),
which makes portability possible in EPF, this should be looked as a serious
retirement vehicle.
Public Provident Fund (PPF)..!
The returns on PPF have become market-linked
and are pegged to government securities.
The rate is declared right before the
start of a financial year.
For this fiscal, the rate is 8.7%. To help
you exhaust your 80C deduction limit of up to Rs.1.5 lakh, the Union budget
last year also increased the maximum amount of investment in PPF from Rs.1 lakh
to Rs.1.5 lakh.
Given the favourable tax treatment, PPF
remains an attractive proposition for long-term savings, but keep your goals
and asset allocation in mind. PPF and EPF both form a part of your debt
portfolio.
Equity-linked savings scheme (ELSS)..!
If
you are planning for the long term and can stomach short-term volatility that
stock markets bring, equity investments are a must.
You can either invest a
lump sum or / through systematic
investment plans (SIPs).
ELSS comes with a lock-in of three (3) years making it a short-term
vehicle from the liquidity standpoint, but it is advisable to stay invested in
equities for long.
From livemint
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