Want to invest 1 lack for tax saving & need advice about a tax saving scheme or I I pay tax & invest in gold?



I want lan to invest Rs. 100000 for tax saving for the current financial year. Can you suggest which is the best scheme
in HUF and Individual age 80 year mother , age 50 Huband, age 45 wife , age 18 year old child or just invest in gold after paying tax

I should go for Top 5 tax Saving Mutual Fund based on lat 1 year returns

* SBI Magnum Tax Gain 1993
* Birla Sunlife Tax Relief 1996
* Sundaram BNP Paribas Tax Saver
* Franklin India Tax Shield
* Prudential ICICI Tax Plan

I should Gof for insurance
LIC
ICICI
Birla
Max New york Life

i dont have ppf account

Want to invest 1 lack for tax saving & need advice about a tax saving scheme or I I pay tax & invest in gold?
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5 Replies to “Want to invest 1 lack for tax saving & need advice about a tax saving scheme or I I pay tax & invest in gold?”

  1. on gold rate rising suppose it beccomes 20k ,the appreciation is less than 25%.
    on investing amount in tax saving schemes ,you have not to pay income tax suppose about 25%.
    ffurther i hope good economy and appreciation in equity market in future.
    it looks wise to invest in tax shaving schems.
    instead of investing in one scheme invest about 25000/- in each scheme of yout choice.because which will prove more beneficial in future,can’t say today.
    lic investment is also a better idea.


  2. I would suggest that you put money in HDFC Tax Saver, Biral Sun Life Tax Relief ’96, Franklin India Tax Shied, and Sundaram BNP Paribas Tax saver – 20,000 each and rest 20,000 in LIC’s Jeevan Saral.

    Feel free to ask me any question at [email protected]

    Regards,
    Hardik Parekh



  3. HI, u can take a term pure insurance policy if ur an unmarried, as the premium will be very low. The premium will be the same till the maturity of policy. more over, u can invest in ICICI Prudential Pinacle fund. You can invest minimum of Rs.50,000/- for 3 years (scheme payment plan is for 3 years only) which will yield highest NAV of 7 years and returns are guaranteed to some extent. for any query pl. reply at [email protected]


  4. I wud suggest you to go for Insurance plans .. as they provide you risk cover, 15-16% growth on your money and tax benefits as well .. I am with HDFC standard Life .. but you can go for any company …better if you choose icici, birla or hdfc. You can call or mail me on [email protected] and my number is 9999954326.

    Anubhav





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