Monday, October 26, 2015
by
Indian Real Estate News
Reinvestment option
1 Investors who do not need a regular income from their
bank deposits, mutual funds or bonds can choose a reinvestment option.
2 This option is provided as an auto-renewal facility in bank deposits, dividend reinvestment option in a mutual fund, or accumulation option in a bond.
3 The interest or dividend income is deployed to buy more units of the mutual fund, or added to the principal amount of the bond, on the date it is due for distribution.
4 The bank deposit in renewed at the current rate of interest on the maturity date for the same tenure when it was begun.
5 Reinvestment enables an investment to earn a compounded rate of return, by redeploying the income.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. IDFC Tax Advantage (ELSS) Fund
4. ICICI Prudential Long Term Equity Fund
5. Religare Tax Plan
6. Franklin India TaxShield
7. DSP BlackRock Tax Saver Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. HDFC TaxSaver
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online
Invest in Tax Saver Mutual Funds Online
Invest Online
Download Application Forms
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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