We are coming to financial year 2015-16 closure soon. To avail tax benefits under section 80C for Rs. 1,50,000, you should complete the tax saving investments before March end. ELSS (Equity Linked Savings Schemes) or Tax Saver Funds are a good high growth option for saving taxes. These funds invest in stocks (shares) that are listed in Indian Stock Markets.
In the past ELSS funds have given annualized returns that are 100% - 200% higher than PF or PPF or 300% higher than traditional insurance plans. Over long term ELSS/ Tax Saver funds will give higher returns than PF or PPF. I have given below a comparison slide between PPF/ PF and ELSS/ Tax Saver which amply demonstrates the power of ELSS/ Tax Saver investments.
Assuming that you are 30 years old and you intend to invest in Tax Saver funds each month for Rs. 12,500 (1.50 Lacs per annum) and you invest until your 60th age, your investments would have grown anywhere between Rs. 3.62 Crores to 6.52 Crores (12 to 15% p.a. returns assumed). With this amount one can retire comfortably. Kindly note that I have not taken into account the tax benefits out of this investment.
If you are interested in investing in ELSS / Tax Saver Funds,
call at 044 - 4202 0942, 044 4207 3710 http://www.prakala.com/
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