Re: [aurangabad_ca] Why everyone invest in ELSS now a days compared to Post office Invst ?
[Attachment(s) from nikhil vadia included below]
Dear Friends
Most of the people are very confused about where to invest Income Tax exemption investment (80c)? Hope you will get the idea after reading the below option.
We will suggest following 3 ELSS funds and reasons for the same.
- Invest in Birla Century SIP (Monthly) and get Free Insurance (100 times of your Installment)
.
If you had invested Rs. 5,000 monthly sip in Birla Sun Life Tax Relief'96 since 1996 (60,000 per year) then Value of the same will be 94,56,210/- today in the span of 14years (Details given in the table below).
2,270% Dividend (Rs.227/-) declared since inception (from last 14 years)
Birla Sun Life Tax Relief-96 adjudged "World's Best-Performing Equity Fund" by Lipper for 14 year best Performance.
There are 3 major benefits of investing in the Birla Sun Life Tax Relief '96
You will get Income Tax Benefits + Insurance + High returns in the above scheme.
BSE 200
BSL Tax Relief '96
Total Amount invested
8,40,000
8,40,000
Current Value of investments
29,01,670
94,56,210
Fund Performance Comparison as on 18.03.10
Birla Sun LifeTax Relief 96 - Dividend
1 Year
5 Years
Since
InceptionBirla Sun LifeTax Relief 96 - Dividend
(NAV: Rs. 80.17)97.95%
32.70%
46.58%
BSE 200
105.36%
19.06%
14.70%
2. Sundaram Tax Saver :
Rs.30.50 dividend (305%) declared during last 6 years
NAV : Rs. 12.05 Only as on 18.03.10
Investment in Largecap "A" Group Stocks : 95 %
Seven Star Gold Award Winner 2009 from ICRA for last 3 yrs performance.
CPR-1 Ranking by CRISIL.
5* Rating by Value Research.
As on 18.03.10
1 Year
3 Year
5 Year
Since Inception
Sundaram BNP Paribas Tax Saver
80.20
14.80
23.40
22.20
Benchmark BSE200
98.30
10.30
18.20
14.60
- Kotak Tax Saver :
30% & 35% dividend declared during last 3 years
NAV : Rs. 10.30 only as on 18.03.10
Investment in Largecap "A" Group Stocks : 88-90 %
Why ELSS (Mutual Fund) is better tax saving instrument than others because of followings :
80C Investment options
Tax Free Income
Tax Free Maturity
Loack in Period
Annual Return
Mutual Fund ELSS
√
√
3 years
15% - 25%
PPF
√
√
6 years
8%
NSC
No
No
6 years
8%
5 Yrs Bank Deposit
No
√
5 years
8%
Life Insurance
√
No
Pls find enclosed herewith Best MF Comparision chart for your reference.
As you know this Income Tax exemption is in addition to 80C Investment. You can save your Income tax by following donation
Tax benefit from donations for Indian Tax Payers as under :
u/s 80G of the IT Act up to 50% of your donation is deductibleu/s 35AC of the IT Act 100% of your donation is deductible from your income
u/s.35(1)(2) of the IT Act 125% of your donation is deductible from your income.
Kindly contact us for all donations and get Tax benefits.
In case of query, feel free to contact us.
Thanks & Regards
Nikhil Vadia - 98197 55658
Attachment(s) from nikhil vadia
2 of 2 File(s)
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