5 Best Tax Saving Instruments

A perfect tax Saving scheme may not give the best returns, but the Tax it saves is enough to compensate for the lesser returns

Return

Features of

Perfect Tax

Saving

Scheme

The returns on Tax saving products should have minimum Tax

Tax Friendly

Should have lowest risk of principle Erosion in Long term

Low Risk

Should be Considerably Liquid or Loan can be taken against it

Liquid

Source- AdviseSure Research

Equity Linked Saving Scheme (ELSS) are Tax Saving Mutual Funds which invest in Equity Shares. They have a lock-in period of 3 years

About

Tax benefit under Section 80C of Indian Tax Act

High Returns of Equity Returns are also Tax free

Benefits

If Lump Sum Rs. 5,000If SIP Rs. 500

Minimum Investment

Axis Long Term Equity Fund (G) ICICI Pru RIGHT Fund (G) SBI Tax Advantage Sr-2 (G)

Top 3 Funds

01 ELSS- Tax

Saving

Mutual

Fund

Source- AdviseSure Research

Public Provident Fund is a Tax Saving scheme which provides tax savings and decent returns on investment

About

02 PPF

Investments upto Rs. 1.5 Lac are Tax Exempt

Loan and withdrawal option is also available depending upon the amount deposited

Benefits

Minimum Investment Rs. 500Maximum Investment Rs. 1.5 LacInvestment

8.70% with effect from 1st April 2013Interest Rate

Public

Provident

Fund

Source- AdviseSure Research

Term Insurance is life insurance, which is only for covering financial risk associated with the death of the person and not for investments

About

It helps protect your family against uncertainties of life by providing for their financial safety

The premium amount is also very low compared to other policies

It also provides Tax benefit on the premium paid

Benefits

Maximum amount allowed for Tax deduction is premium of Rs. 1.5 Lac

Allowable Amount

HDFC Life Click 2 Protect Plus Bajaj Allianz iSecure Bharti Axa Term Plan - eProtect

Top 3 Term Insurance

03 Term

Insurance

Source- AdviseSure Research

Mediclaim policy that takes care of hospitalization expenses by reimbursing actual medical expenses

About

04 Mediclaim

Insurance

Cost of a Mediclaim is 0.5-2% of the total expenses that one would incur incase one is hospitalized

A deduction of Rs. 15,000 can be claimed every year

Benefits

Minimum Amount Rs. 2,000Maximum Amount Rs. 20,000

Allowable Amount

Star Family Health Optima Max Bupa Heartbeat Health Gold Apollo Munich Easy Health

Exclusive

Top 3 Medical Insurance

Source- AdviseSure Research

A fixed deposit is an instrumentprovided by banks which provides investors with a rate of return which is higher than a regular savings

About

Long Term Saving Decent rate of Interest varying

from 8-9.5 from Banks to Banks

Benefits

Maximum Tax Exempt amount has been increased to Rs. 1.5 Lac, however one can invest more in an FD every year

Investment

Bharat Co-operative Bank (9.5%) Lakshmi Vilas Bank (9.25%) Andhra Bank (9.1%)

Top 3 Funds

05 Bank FD

Tax Saving

Fixed Deposit

Source- AdviseSure Research

Advisory Fees Rs. 365 Per Annum

Customized advise only for you

Unlimited Long Term Investment Advise

Tax efficient portfolio design

No Minimum investment

Regular Review and Rebalancing

Substantial Savings in Commission ( Optional)

Customized , unbiased Wealth Management

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