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Web Event: Best Ways To Invest A Lump Sum In Tax Saving Investments
Date: 02-04-2017
Views: 1039
How do you invest a lump sum amount in tax saving investments at the fag end of a financial year? Here are some answers.
Edited Highlights
0:46 How do you invest a lump sum in tax saving investments at the end of a financial year?
2:10 You can invest a lump sum amounts in ELSS
2:13 Investing lump sum in ELSS is not the best way. Systematic investment plan (SIP) is a superior method
2:34 The maximum limit for a lump sum investment in ELSS is Rs 1.5 lakh for Section 80C deduction
3:04 Single premium life insurance policy is another option for lump sum investment
3:11 The tax deduction is only available if premium is less than 10% of sum assured
3:36 To get a deduction for Rs 1.5 lakh, you need a sum assured of more than Rs 15 lakh
4:16 When opting for ELSS as a tax saving investment, is better to use SIPs and invest regularly
4:21 In the long term, you buy more units when the market is down and more when the market is high
4:22 As a result, average cost of buying a unit goes down and you gain as the scheme NAV goes up over time
5:02 In the new financial year, you can invest your money in a systematic transfer plan (STP) of a mutual fund
5:09 STP regularly invest any lump sum in a mutual fund scheme of your choice
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