Best tax-saving options: Ranking of the top 10 instruments

THE ECONOMIC TIMES Tue, Jan 07, 2020 | 08:34 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA,#sukanya samriddhi yojana calculator,#alternative investment returns monitor,#realty hot spot series,#stock pick of the week,#mf portfolio doctor,#family finance

Best tax-saving options: Ranking of the top 10 instruments ET assessed 10 tax-saving instruments on 8 parameters. Find out how the different options scored this year. How to construct a debt mutual fund portfolio Depending on the interest rate outlook, mutual fund managers switch between higher or lower maturity bonds. They invest more in longer tenure bonds anticipating a falling rate scenario since these gain most in value. How to invest in tax saving mutual fund schemes To invest in a mutual fund scheme, the investor should be KYC compliant. If the investor is KYC compliant, he can fill up a physical form along with the payment instrument or can make an online investment in the fund of his choice. How Netflix is changing Indian film-making The OTT platform is driving efficiency through meticulous pre-production and cutting-edge tech. Green-energy firms bet on transmission Compared to other segments in the power chain, transmission is a low-risk business with a prolonged asset life and higher payment security. There is room for more players to come in as only three companies operate in power transmission. But irrational bidding for projects could lead to losses and create a debt trap. India needs real reforms to dodge stagflation The country is staring at possible stagflation, reducing the potency of any future rate cuts by the RBI. The government must focus on reforms to trigger the investment cycle and FDI inflows. In the near term, household consumption must be revived through tax incentives, GST rationalisation, and cheaper credit. From our Partners Everything about the most effective loan lending channel you must know Digitization has helped the common man achieve financial independence by obtaining affordable access to finance. From our Partners Why Term Insurance is crucial if you are Self Employed? How to select the right life insurance policy Personal accident insurance will cover the loss of income in case an accident leads to temporary disability. Why now is the right time to book profits in long duration mutual fund schemes Due to the Reserve Bank of India's (RBI) - Operation Twist, the long duration mutual fund schemes have gained a lot. However, financial experts are giving a word of caution to debt mutual fund investors. Here's why. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 20.84 18.83 5.50 0.00 Invest Now Axis Bluechip Fund-Growth ★★★★★ 19.29 17.41 4.90 -0.10 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 16.48 17.24 5.89 0.45 Invest Now Sundaram Select Focus Fund Regular-Growth ★★★★★ 15.83 14.46 2.65 0.11 Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 15.75 13.65 3.13 0.60 Start SIP FeaturedL&T Large and Midcap Fund Direct-Growth ★★★★★ 10.26 7.71 2.38 0.14 Start SIP Here's a trick to lower your tax on capital gains from equity Long term capital gains accrued from selling equity shares and equity-oriented mutual funds are exempt from tax for maximum up to Rs 1 lakh in a financial year. The gains in excess of Rs 1 lakh are chargeable at the rate of flat 10 percent. Crude oil on the boil again: What it means for the stock market and economy Since India is dependent on imported oil, any flare up in prices can have serious repercussions for our economy. Increasing domestic inflation is the main worry and this may stop RBI from cutting rates further.

FEATURED SLIDESHOWS

How to check the purity of gold How to file a complaint with the banking ombudsman How to make changes in a will How your mutual fund investment is taxed More Slideshows

Financial Calculators New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds. Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay.

How equity investors can cope with a high rate of change, stock market volatility The winds of change driven by tech have become a storm of transformation. Change is neither new nor unique. 8 ways to instil healthy money attitude in your children Attitudes about money, spending are formed at young, impressionable age and they stay for life. There is an important parental responsibility to inculcate right money habits, evident in its actions and behaviours, and actively picked up by children. 7 ways you can maximise wealth from your work You invest a chunk of your earnings in assets that either generates cash or increase in value over time creating wealth or income that is independent of you going to work. Here is how you can make the most from your job. The secret is to start now. Realty hot spot series: This locality in NCR has many affordable property options The locality is close to key employment hubs and is well connected to Delhi. Properties here are priced up to Rs 4,400 per sq. ft. The locality is also witnessing the development of key social infra such as schools, hospitals, etc. How Sensex, gold, 10-year G-sec performed during week ending January 2, 2019 Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. This will give investors an idea of how their investments performed over a long period. MF portfolio doctor: How switching to debt mutual funds can help Kamath reduce risk The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of funds, goals, etc. Tax optimiser: Avuluri can save Rs 43,000 tax via NPS, health insurance Not only should you ask your employer for the NPS benefit, but you should also invest in the scheme on your own. You can reduce your tax outgo significantly. Stock pick of the week: Why Mphasis is ready for a re-rating Mphasis reported 15% q-o-q growth in new orders for the direct business and similar growth is expected in the coming quarters too. Improvement in growth rate and new big order wins can be a trigger for re-rating of the comapny. New PMS guidelines: 5 key changes you should know Appointment of a custodian will be mandatory for all portfolio managers except for those providing only advisory services to clients.

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