Not exact matches
Every year we have to look for tax saving
investments, many
times we leave it
till it is too late and then invest in a hurry and in sub-optimal instruments.
However, if he delays the
investment till the age of 50 yrs, then for the same amount of 1 Cr, he will have to save $ 38,466 per month which is 21.4
times more than the amount required at age 30.
My personal experience proved that lumpsum investing is better than STP for 6 to 12 months as I invested in 5 hybrid equity balanced funds for an amount of 12 lakhs on 1st January 2016 when markets were all
time high, but, immediately after I invested, markets started to fall with some corrections for few months and my portfolio was down by 1.5 lakhs versus my
investment at some point but now my portfolio is up by 1.2 lakhs where there is an appreciation of 14 %
till date, some people even suggested me to go for STP over 6 to 12 months to average out but I believed in this lumpsum investing than STP as I did not need this anount for upto 5 years.
Is it worth to continue this
till 2020, or take the lumpsum now, and put it in some multual funds (
investment time frame is 10 years)?..
Also, while a mortgage decreases over
time as you pay it down, a SM
investment loan increases over
time till it equals to the initial mortgage amount.
Till Budget 2016, EPF enjoyed «exempt» status at the
investment, accumulation as well as withdrawal stages, while the
investment under NPS was taxable at the
time when withdrawn.
Instead of holding up
till January or February, start tax saving
investment as the new financial year begins, as it gives you the
time and flexibility to design your
investments on a well - calculated basis.
There are a lot of
investment avenues that help the parents to build a corpus over
time for the child
till he / she arrives at a point where he / she needs money to give wings to his / her dreams.