Tax Saving Mutual Funds Online
Reliance Life Insurance Money Multiplier is an endowment plan with a double life cover benefit. The scheme also provides for guaranteed annual bonuses that progressively increase every year and a terminal bonus payable to the policyholder if he/she survives till the end of the policy term.
Maturity Gains
Assuming a sum assured (SA) of Rs 10 lakh, for a policy term of 20 years by a healthy male-aged 30 years, the benefits that will accrue at the end of the policy term are illustrated thus…
Our View
Reliance Money Multiplier Plus scores on its feature of double life cover and annual guaranteed bonuses, not to mention the investment convenience that insurance products are known to offer. However, for those inclined to manage their finances themselves, a little bit of financial planning can yield better gains over a longer haul.
Key Features
In the event of the death of the policyholder, the scheme will pay double the amount of insurance cover (sum assured) to the nominee. Thus, for a sum assured of say Rs 10 lakh, the nominee shall be entitled to receive Rs 20 lakh along with guaranteed bonuses accrued till the death of the policyholder.
Alternative Options
Money Multiplier is an endowment product that ensures both insurance and returns on investment. An alternative financial planning option would be to purchase a pure term plan for insurance cover and invest the surplus premium (otherwise payable in this scheme) in other risk-free and tax-free investment products like the PPF. Assuming a term plan for 20 years at 30 years, and a PPF investment for same duration, the likely yield on maturity would be...
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Birla Sun Life Tax Relief '96 Invest Online
5. Reliance Tax Saver (ELSS) Fund Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
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