Sentences with phrase «tax saving purposes»

We bought life insurance mostly for tax saving purpose and not worried much about the nomination.

Dear Sandeep, For long term goal + tax saving purposes then ELSS can be a good choice.

«I did not know this was for long - term, I was told three years», «I bought this for tax saving purpose only», «I was not aware that this was a market linked plan», «I don't think I have adequate Life Cover» So, to help you choose the right Life Insurance plan, here are 3 simple guidelines you need to consider.

You may ignore buying ULIP, instead can consider ELSS fund for long term wealth accumulation + tax saving purposes.

You may invest additional amounts in HDFC mid-cap itself & Franklin Tax shield (for tax saving purpose also, if required).

You may invest a certain amount in ELSS fund (lockin period is 3 years) for tax saving purpose and remaining portion in a balanced fund or in an aggressive MIP fund (these will not give you any tax exemption).

For investments other than tax saving purposes, SIP is a better approach (particularly for Equity Mutual Funds) as it has the advantage of Rupee cost averaging.

You may consider investing in ELSS funds for tax saving purposes, but kindly note that these are equity oriented funds, with 3 year lock - in period.

Is Axis LTE for your tax saving purposes?

Although this study shows people are saving more i am still amazed that with the generous $ 5,500 we get that most people still don't actually use most of this space for tax saving purposes.

(30 years) as per my knowledge i select below funds (1 equity & 2 elss) for tax saving purpose

Equity Linked Saving Scheme (ELSS) Mutual Funds are specially designed for tax saving purposes and are considered one of the most sought after tax saving investments options.

EEE, EET and ETE are three basic terms used for investment done for tax saving purposes.

In India, most people purchase life insurance primarily for tax saving purposes, without fully comprehending the benefits, features, tenure, etc..

Sir my age 36 no burden (not having family) I will investment of Rs 1 20 000 / - single payment in axis long term equity fund for tax saving purpose it is correct or not can suggest.

You may allocate some monies towards ELSS (Equity Linked Savings Schemes) for tax saving purpose.

Dear Sam, For long - term horizon + tax saving purposes, both the funds are good.

Note: It is important to select suitable term as per your objective e.g. you may choose lower term if your sole purpose is tax saving but it is advisable to have higher policy term in case of saving for retirement fund and tax saving purposes.

This would also useful for tax saving purpose.