Investment

POSTED BY anil kumar ON December 25, 2012 12:19 pm COMMENTS (2)

 

Hi,

Please find below Tax saving investment under 80c, and do advice on tax saving and investment.

 

1.EPF:25332/-

2.PPF:20000/-

3.KOTAK PREFERED TERM PLAN:10782/- (Start Date:20/10/2011 for 25YRS for 5000000/-)

4.RELIANCE AUTOMATIC INVESTMENT PLAN-REG (ULIP):10000/-(Start Date:21-06-2007-for 10Yrs & Sum assured:150000.00)

5.Max Life Endowment to Age 60:5999/-(Start Date:07/10/2004-Maturity:07/10/2035)(Sum Assured-188086.00)

6.Quantum Tax Saving ELSS:30000/- (As lumpsum this year)

7.APOLLO MUNICH EASY HEALTH PLAN:9894/-

 

Now I’m closing RIL ULIP and MAX Endowment policy also form april.Also I’m investing 1500/- via SIP since last year in HDFC Top 200 Equity(G).

Please advice how to achieve tax saving after closing above mentioned policies and further investment for growth.

 

2 replies on this article “Investment”

  1. Ramesh says:

    Just put more money in the Quantum tax saver. The apollo plan will come under 80D part and not 80C. I think you will need 10k more into that.

  2. To close out the 80C Rs. 1 lakh limit you could consider another ELSS MFs like HDFC tax saver or Canara Robeco Tax Saver depending on your risk appetite or increase your PPF contribution

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today