Bid Qty	Bid Price	Offer Price	Offer Qty
--	--	--	--
--	--	--	--
--	--	--	--
--	--	--	--
--	--	--	--
Total Buy Qty.: 0	Total Sell Qty.: 0

NEFT/ RTGS details for Mutual Funds

Bank Account mapped to your account does not support Netbanking. Hence we request you to initiate funds transfer through NEFT / RTGS.

Bank Details	ICICI	HDFC
Beneficiary Account Number	3922	MFDICC
Beneficiary Name	Indian Clearing Corporation Ltd MF A/c	Indian Clearing Corporation Ltd -MFD A/c
IFSC Code	ICIC0000104	HDFC0000240
Account Type	Current	Current

You can transfer funds to either of the accounts.

Tax saving investment options - 3 tax saving instruments you should know about

Posted By : reliancesmartmoney.com
Wednesday Mar 13, 2019

You may hate it, you may like it (highly doubtful though) but you cannot ignore it - Your Taxes. Generally, most people remember their taxes only when the deadline is practically visible to the naked eye. And in a quest to save as much as possible at the last minute, many people tend to make the wrong investment decisions.

Easy Tax Planning - Tax Saving is for everyone

The bad news: You can’t avoid tax.

But the good news: There are easy tax saving schemes for everyone.

Tax saving options

Sr. No.	Tax Saving Instrument	Tax Benefit Under Section	Total Tax Deduction
1.	Life Insurance	Section 80C (Premium) & Section 10(D) (Death/Maturity)	Upto Rs. 150,000
2.	Health Insurance	Section 80D	Upto Rs. 150,000
3.	ULIPs	80CCC	Upto Rs. 150,000
4.	New Pension Scheme	Section 80CCE / Section 80CCD (1B)	Upto Rs. 150000 Additional Rs. 50,000
5.	Equity-Linked Tax Saving Scheme	Section 80C	Upto Rs. 150,000
6.	Public Provident Fund	Section 80C	Upto Rs. 150,000
7.	National Saving Certificate	Section 80C	Upto Rs. 150,000

The Income Tax Act provides an extensive range of options to help reduce your annual tax payments. As a taxpayer, you should be aware of these options so that you can you can take benefit from them. This not only helps you to save money, but it also enables you to create a better financial plan for you and your family.

3 tax saving options you should definitely be aware of are:

Equity Linked Savings Scheme (ELSS)

PPFs are safe investment avenues, but the returns you earn on the fund are moderate. On the other hand, ELSS is a tax saving mutual fund that has the potential for high returns. As the name suggests, ELSS are mutual funds investments that invest a significant portion of the amount in equities. This might seem a bit risky but when you invest regularly through Systematic Investment Plans (SIPs) over long-term, your overall risk reduces, and you can benefit from high returns.

Under Section 80C of the Income Tax Act, you can earn tax deductions on investments up to Rs. 1.5 lakh per annum. Also, ELSS funds come with a lock-in period of just three years. This is much lesser than most other tax saving options available to you. This means you have the freedom to move your funds more efficiently based on your financial requirements.

Public Provident Fund (PPF)

When it comes to tax saving, Public Provident Fund (PPF) is the most popular investment schemes available for investors. It is a safe investment avenue, since the Indian Government issues it. Each year, you can save up to Rs. 1.5 lakh by investing in PPFs. This comes under Section 80C of the Income Tax Act. However, it is important to note that PPFs come with a lock-in period of 15 years. This means you cannot withdraw your investment amount prematurely from the account.

Unit Linked Insurance Plans (ULIPs)

Unit Linked Insurance Plans or ULIPs are a unique investment product because, in addition to life insurance and investment benefits, they also offer tax benefits. Every year, you can avail a tax deduction of Rs. 1.5 lakh under Section 80C on the premium you have paid on ULIPs, during the year. Moreover, in case of death of the policyholder, the amount paid to beneficiaries is not taxable either, under Section 10(10D) of the Income Tax Act.

Conclusion

When you work hard at your job, every rupee earned is accountable. These quick and easy tax-planning options can help you save a substantial amount in tax planning each year. Invest through reliancesmartmoney.com to take advantage of the RoboAssist feature for better investment options.

	PPF	ELSS	ULIP
Lock in period	15 years	3 years	5 years
Investment limit	Rs. 1.5 lakh/year	Rs. 1.5 lakh/year	Rs. 1.5 lakh/year
Minimum investment	Rs. 500/year	Rs. 500/month	Around Rs. 2,000 per month [i]
Returns	8%	10-15%	11-13% [ii]
Risk	Low	Medium-high	high