FInvesTree Blog

  Top Benefits of TAX Saver Mutual Fund. 1. Tax benefits : Tax Saver Mutual Funds are eligible for tax benefits under Section 80C of the IT Act, 1961. 2. Low lock-in period : Tax Saver Mutual Funds have a lock-in period of three years, which is the lowest among tax-saving investments. 3. Long-term investment : Since Tax Saver Mutual Funds have a lock-in period of three years, they encourage long-term investment, which can help investors build wealth over time. 4. Diversification : Tax Saver Mutual Funds invest in a diversified portfolio of stocks, which helps investors to reduce their overall investment risk. 5. Professional management : Tax saver mutual funds are managed by experienced fund managers who have access to research and analysis tools to make informed investment decisions. 6. Liquidity : Although tax saver mutual funds have a lock-in period of three years, they are still relatively liquid compared to other tax-saving investments. 7. Flexibility : Investors can invest in...

10 Financial Planning Tips 1. Start by setting financial goals : Determine what you want to achieve financially, such as saving for a down payment on a house, paying off credit card debt, or saving for retirement. 2: Create a budget : Identify your income and expenses, and create a budget that allows you to save money each month. 3: Reduce debt : High levels of debt can prevent you from achieving your financial goals. Prioritize paying off high-interest credit card debt, and consider consolidating loans to reduce your interest payments. 4: Increase your savings : Set up automatic savings plans and increase your contributions to your retirement accounts, such as 401(k) or IRA. 5: Invest in your future : Research different types of Investment Avenues such as FDs, Stocks, Bonds, Mutual Funds, PMS/AIFs, etc. and discuss with a Financial Advisor to create a diversified investment portfolio as per your Investment objective, time horizon, and risk appetite. 6: Protect your assets : Purchase i...