best tax saving mf.

[anishsharma451]

hi to all the members here, i know that b4 posing questions i should search the previous threads which i did nd to b honest they confused me. for saving tax i have to invest around 50k. i have invested 50k in LIC life insurance. now what im thinking is to invest 30k in ppf and to take a gud tax saving mf for the remaining amount. Which would b the best tax saving mf considering the present market conditioms? many f my friends r in loss already. kindly advise and shud i invest less in ppf. any help will be highly appreciated.

 

[anishsharma451]

hellloooooo anyone?

 

[asterix24]

Dear Friend,

If your motivation is to save for tax, consider other alternate avenues. ELSS may not enjoy tax exemption with DTC coming into effect from next year. I am not sure if you would be willing to invest in the ELSS. If you still would like to go ahead with ELSS, I would recommend choosing between Canara Robeco Tax Saver or Fidelity Tax Advantage.

As for you other question on how much to invest in PPF, it requires a more detailed analysis based on your current lifestyle and future projections.

Happy investing !!

 

[anishsharma451]

thankyou so where should i invest, if eels

 

[anishsharma451]

im sry for the incomplete post guys.. so i was thinking if ELSS would b discounted then what options do we have if we want to save tax, im asking besides ppf, life insurance, nse, nd bonds?

 

[drsambu123]

im sry for the incomplete post guys.. so i was thinking if ELSS would b discounted then what options do we have if we want to save tax, im asking besides ppf, life insurance, nse, nd bonds?

NPS, FD(tax saving) infra bonds, medical insurance,

 

[asterix24]

Medical Insurance is not an investment. It is a necessity for life, does give tax savings, but I am not sure if it something which should be qualified for investment.

With the rate in PPF y'day, I would suggest that you can consider maximizing the PF contribution, if you aren't doing so.

Happy Investing!!

 

[KoolSIM]

Yeah! PPF rates were increased to 8.6% from 8.0% and now one can put Rs. 100,000 into the account in a year from the earlier Rs. 70,000. PPF is a great way to save tax now and put aside money for the long future.