Invest In Tax Saving Mutual Funds Online
The importance of saving and investing cannot be overstated. And, it is never too early to start investing. Rather, it is a case of sooner the better. However, with rising costs and tight budgets, the question is how one should go about with investments? In addition, there is the market scenario to consider. For instance, if the equity markets have recently scaled new highs or have corrected sharply, the dilemma is would it make sense to invest or should one hold off for a while?
This is where the systematic investment plan (SIP) method of investing in mutual funds comes into the picture. SIP is a simple and proven investment strategy which can help investors in accumulating wealth in a disciplined manner over a longer time frame. In an SIP, instead of investing a lump sum, a fixed amount (which can be as small as Rs 100) is invested at regular intervals in mutual funds. Some of the key benefits of SIP investing are listed below.
No need to time the market
At no point of time, should the current market level deter a long-term investor from making a beginning. One cannot always be the best buyer or the best seller. Timing the market is a time-consuming and a highly risky strategy for investors. Not many investors can claim to have the ability to consistently time the markets accurately. This is the reason why several investors end up losing out on market opportunities in pursuit of trying to time the market in vain.
Rather, investors should focus on meeting their investment objectives and deciding where they should invest. With an SIP, one does not have to worry about what the market levels are. All one needs to do is to identify the right funds and get invested. In the process, investors do not have to delay their investments either.
A convenient investment mode
The SIP mode of investing is more convenient than making lump sum investments. Typically, an SIP entails investing a smaller sum every month vis-à-vis larger amounts in lump sum investments. This, in turn, makes the SIP mode apt for investors who are struggling with tight budgets and EMIs. Often, lack of adequate funds is an excuse for delaying investments. An SIP enforces discipline in investments by ensuring that a fixed sum is invested every month, and is convenient on account of the small ticket size.
Rupee Cost Averaging
The benefits of investing via an SIP become apparent in times of market volatility. When the net asset value (NAV) of the mutual fund unit drops during a downturn, each SIP installment invested results in more units being credited to the investor. This, in turn, results in averaging out the cost of purchase. In effect, in times of volatility, investing via the SIP route becomes more lucrative. This is further explained through the table given here.
It is also noteworthy that SIP helps an investor avoid a knee jerk reaction of selling his/her investments during a bear market, thereby helping him/her realize the full value of his investments.
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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 )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
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