Reasons You Should Include an ELSS Fund in Your Investment Portfolio

As soon as you hear the word ‘Tax,’ you experience an era of anxiety where you find yourself surrounded by concerns relating to tax filing and tax planning. Taxpaying is miserable, and everyone out there reading this write-up would agree with us at this point. Although there is no cure for paying such hostile tax amount, there’s always a method to reduce the liability. One such solution is investing in ELSS funds. To know more about them in detail, read this post to the end. Also, don’t forget to note down some of the best ELSS tax saving funds recommended by the experts at MySIPonline. So without further ado, let’s get started!

Before you dig deep into this topic, let’s understand the basics about ELSS tax-saving funds, and what makes them so important for an investor.

Why ELSS Funds?

ELSS or equity-linked savings schemes are open-ended and diversified schemes offered by Mutual Fund India. Investors have the benefit of parking their money in the best funds of ELSS category using both the methods- SIP(Systematic Investment Plan) and lumpsum. It has a minimum lock-in period of three years, and thus offers a better liquidity than other tax deduction options such as NSC and PPF. It is not wrong to state that ELSS tax-saving funds are one of the best tax saving instruments.

Some Key Benefits of Having Your Investments in ELSS Tax Savings Fund: 

1. The ELSS funds have a lock-in period of merely three years, which is the least among other tax-saving instruments under section 80 C of the Income Tax Act, 1961.
2. The investors can get the benefit of a tax deduction of up to Rs. 1,50,000 through ELSS investments under section 80C of the Income Tax Act, 1961.
3. Investors have the option to invest in equities and equity-related securities and get their funds managed by professional fund managers.
4. There is no tax liability on the long-term capital gains and dividends earned from a scheme of this category.
5. One can significantly reduce the stress of last minute rush by investing in the ELSS scheme through Systematic Investment Plan(SIP), and can also ensure the benefits of Rupee Cost Averaging. 

What Should You Check Before Investing in an ELSS Tax Saving Scheme?

The experts at MySIPonline suggest you to perform a thorough analysis of the scheme in which you want to invest in order to gain tax benefits. Also, don’t forget to check the long-term performance of the ELSS fund before stashing your money in it. Look at the fund details such as its current NAV, asset size, fund manager’s investment approach, the expense ratio of the fund, volatility, etc.

If you find the details mentioned above matching to that to your investment objective, then go ahead. In case you are someone who finds it hard to understand such complex terminologies related to finance, then contact our experts for seeking guidance and making the most favorable decision.

Some of the Top ELSS Funds That You Can Choose to Invest in:

• DSP BlackRock Tax Saver Fund (G)
• Reliance Tax Saver (ELSS)Fund (G)
• Axis Long Term Equity Fund (G)

Henceforth, if you’re looking for an investment portfolio as strong as a bull, then don’t hesitate in putting your hard-earned money in this tax saving instrument. To get more knowledge of the same or any other category of mutual funds, get connected with us at MySIPonline, and wave goodbye to all your investment-related worries.

Give Your Wealth a Golden Chance to Grow by Investing in ICICI Mutual Fund

Before you start investing in mutual funds, there’s a need to acquire a thorough check on the objectives and related characteristics like risk appetite, purchasing power, and preferred investment period. But out of the various options available, it’s difficult to select the best one and a wrong decision could land you in chaos. ICICI Mutual Fund – one of the rapidly flourishing mutual funds in India – is far away from the word “difficult to choose”, as it has achieved a remarkable stature in the market by giving lucrative returns to the investors. It provides investment plans which are geared to achieve the desired objectives in the chosen time period. All the products offered by ICICI MF have been performing reasonably well in the market, and have enabled many investors in extracting significant profits. Let’s learn more about this fund house and what it has to propose to its different clients –

A Brief Intro
ICICI Prudential Asset Management Company Ltd. is one of the foremost AMCs in India, that focuses on mending the distance between savings & investments and generating long-term wealth for investors through a wide range of simple and reliable investment solutions.

The AMC is a conglomerate of ICICI Bank, a renowned and respected brand of financial services firms in India, and Prudential Plc, which is one of UK’s most prominent players in the financial services sector. During the successful years of this joint venture, the company has engraved a position of prominence in the Indian Mutual Fund industry.

The Kinds of Products Offered

1. Diversified Equity Funds – Get High Returns with Minimum Risk Exposure : Since diversification is a crucial aspect to consider while investing in the equity markets, diversified equity funds are well-known amongst the investors. These funds place the investor’s money in different sectors, thus diminishing the risk of massive crunch of investment in situations of high tension in the market.
2. Debt Funds – For Steady Influx of Income : There is a huge gang of investors who desire to incorporate stability in their income and draw steady returns. ICICI Prudential AMC does hold a solution for all kinds of people in the skin of debt schemes. The funds in this category primarily invest in the debt and money market instruments, and assist in drawing consistent returns by the way of interest or dividend.
3. Balanced Funds – Enjoy Growth with Safety : A Balanced Portfolio is a unique mix of equity and debt funds, both being given reasonable weights in the portfolio. Equity funds comprise of a variety of diversified and large cap funds, while on the other hand, debt funds cover hybrid securities and balanced funds. A normal distribution system for balanced funds stands at 60% of the total amount placed in diversified and large cap category, while up to 35% of the investment amount is stashed into hybrid category.
4. ELSS Funds – Saving Taxes Made Easy : Returns and growth are both very tempting, but when it comes to slice off a big part of the return and pay to the tax authorities, the temptation disappears. This is where the ELSS funds come to the rescue. Investment in these funds allows a heavy deduction of Rs 1,50,000 under section 80C from your taxable income and thus, helps to save as high as Rs. 46,350/- on your total tax liability.

Investments in the best mutual funds is certainly not easy, and comes with its own challenges that require expertise and skill to handle them well. However, using the services of MySIPonline- an online investment portal – you can invest in a variety of high potential schemes that ICICI Prudential MF provides.

Tax Saving Made Easy with the Help of the Tax Calculator!

You have to admit that it's miserable for every person to pay taxes and there's no escape from the hostile tax rates that keep on increasing mercilessly. No matter how big an amount you are pulling down, you hate the idea of slicing off a hefty chunk and relinquishing it to the tax authorities. Nevertheless, a sound tax planning will surprise you with the amount of taxes that you could save and boost yourself to work more and earn more. Out of the many online tools available to recourse your tax planning, one of the most respected and well-responded tools is the tax calculator that serves both the purpose of a tax planner, and a guide to brilliant financial planning. Let’s further enlighten ourselves as to what all benefits does the tax calculator vest in itself.

Why Choose the Tax Calculator?

It's reasonable to ask yourself the question that why should you go for using the services of the online tax calculator. Well, there is not one, but many reasons that could be given for adding this tool to your widgets list, some of which are explained below:

• Accessibility: Since it's an online tool, you can have access to the tax calculator anywhere and anytime you want. It also fills in the gap of hiring professionals by providing online financial assistance and walks you through the complexities of tax planning economically. 
• Flawless Mechanism: Groomed with the latest technology and developed by a team of highly experienced financial experts, the tax calculator includes the benefits of both the worlds – sound tax planning and feasible financial advise. Now, anyone can take full advantage of this user-friendly online tool by getting the best tax advice and save the pain of paying high fees to the financial brokers. 
• Convenient: With the introduction of the online tax calculator, tax planning in India has never been simpler. Just feed in the details of your annual income and any other relevant deductions that you are eligible for, and you can see a multiple options of saving on your tax liabilities flashing on your computer screen. 
• Unbiased Advice: There's no deny that your financial expert may be a man of golden stars and his conviction is seldom wrong, but one must not forget that even experts sometimes make mistakes. On the other hand, tax calculator is an online machine that has been brought into existence after years of research and combining the efforts of not one, but numerous industry experts to rule out even the slightest margin of error and provide the best tax planning.
• Easy to Comprehend: Due to the growing use of the internet with each passing day, more and more online financial tools are being stuffed to the digital market which are neither economical nor easy to operate. However, the tax planning calculator has been launched with the absence of these issues, and is both user-friendly and approachable. 

A large variety of online gadgets can be found on the internet that automatically make deductions for which you are eligible, and help you calculate the adjusted gross income considering the appropriate tax slab applicable to you. Visit MySIPonline to get the facility of tax calculator in India and recommendations on saving huge liabilities on tax.

HDFC Mutual Fund: Helps You Attain all Your Monetary Goals

The mutual fund industry has been through various phases and experienced many changes since its inception. Though the objective remained the same, i.e., to achieve new heights in terms of expansion. Today, it has managed to become on one of the most trending industries in India. It is because of a large number of people entering into this world with the aim to generate interest on their investments. In this write-up, we will talk about HDFC Mutual Fund, one of the Asset Management Companies (AMCs) of India which has contributed a good part to the growth of the overall mutual fund industry. It has excellently provided strong support in the upliftment of the MF industry in India. Established in the year 2000, it has been offering significant returns to the investors on their investments since then.

HDFC Mutual Funds are categorised into various types based on the financial requirements of the potential investors. It is one of the reasons which grabs the attraction of the investors to invest in the schemes of this fund house, that it has multiple categories of schemes so that the investors do not need to go anywhere else for meeting different financial requirements.

Some of the Major Financial Goals That You Can Achieve by Investing in HDFC Mutual Funds Include:

Short-Term Monetary Goal: If you have any objective of creating short-term wealth, then you can attain it by investing in the suitable schemes of HDFC Mutual Funds. There are various kinds which are specially designed to attain short-term financial goals. The financial goals such as marriage ceremony, education fees, buying a car, etc., can be achieved by investing in those funds. Basically, the debt funds serve to this kind of requirements.

Long-Term Financial Objectives: There are also equity funds which are primarily known for long-term wealth creation. The objectives like retirement or earning wealth can be achieved by investing in equity category of mutual funds. The equity market is the only one which has witnessed excellent flocking of investments in recent years. It is also known as the king of the mutual fund industry. So, you can attain all your long-term investment objectives by investing in this category.

Tax Saving: Among the many financial objectives of the individuals, the most prominent one is tax saving. No one wants to fail in tax planning. There are various options available which help you to proceed with your tax saving plan efficiently, but the ELSS category of HDFC Mutual Fund helps you to go a long way toward tax savings along with providing you with the benefits of equity investments. HDFC Tax Saver is entitled to provide the tax benefits of up to Rs. 1.5 lakh on the total taxable income under section 80C of the Income Tax Act of India, 1961.

Not only the benefits as mentioned above, but you can avail several other advantages by investing in the various categories of HDFC Mutual Funds. So, get them all. You can check more about them online on our portal, i.e., MySIPonline, and start investing in them today to grab higher returns in the long run.

Top 5 Best Mutual Funds Showcasing Skyrocketing Performance

Are you searching for the best mutual fund schemes that can double the value of your capital investment in a due time? Well, here are some of the top mutual funds which can make it happen! They are performing excellently and providing great returns to the investors. Let’s know in detail about each one of them:

1. L&T Emerging Businesses Fund (G): Consistently holding the position of 1st rank by CRISIL for the quarter ended September 2017 under the category of Small & MidCap Funds, it has been listed in the best mutual funds. Its excellent performance helped it to jump from a moderate runner to an aggressive mover since 2016-17. It was launched in the year 2014 and has recorded the returns since launch at 32.51% which shows its potential to generate wealth in the long-term period.
2. Aditya Birla Sun Life Small & Midcap Fund (G): Another one from the space of Small & MidCap Funds, the Aditya Birla Sun Life Small&Midcap Fund growth has also proved its high potential in generating healthy returns to its investors. It is also a 1st rank holder by CRISIL ratings for the quarter ending on September 2017. The total assets under management of this scheme is amounting to Rs. 1,376 crore as on October 31, 2017, which shows the unfaltering trust of investors in this scheme.
3. DSP BlackRock Natural Resources and New Energy Fund (G): In the category of Thematic-Infrastructure, the DSP BlackRock Natural Resources and New Energy Fund growth is one of the best mutual funds which is currently showcasing amazing performance. Mr. Rohit Singhania joined the management of this scheme in the year 2012 and the subsequent year, i.e., in 2013, Jay Kothari joined in the team. The excellence of the fund managers helped the scheme to grow extravagantly in the following years after that, and it performed amazingly well.
4. Mirae Asset Emerging Bluechip Fund: From the category of Small & Midcap schemes, one more shining star is Mirae Asset Emerging Bluechip Fund that has managed to provide adequate returns to its investors in a due time. The scheme was launched in the year 2010 and has recorded the return since launch at 24.47%. To attain your objective of long-term tenure, you may consider investing in this scheme.
5. L&T Midcap Fund (G): Last but not least, one more in the list of the best mutual funds to invest in India is L&T Mid Cap Fund growth. It is holding 1st rank by the CRISIL ratings for the quarter ended September 2017. Its excellent performance from the starting of the year 2014 makes it one of the best mutual funds to invest in.

In the end note, we just want to add that a decision based on the consideration of all the factors which are crucial while selecting a scheme can help you in making a good investment. The top 5 best mutual funds as mentioned above and many other top performing schemes are available for online investment at MySIPonline. Start today for the best results.

Diversify with SIP Mutual Fund to Counter Volatility

We all have a common desire in life, ‘to become financially sound.’ For that, we make many efforts and do hard work as well. But, are we sure that it is enough for creating such wealth? No one can be sure, indeed. The reason is uncertainty which can come up in anyone’s life. To be assured of facing the same we make investments.

Investments have the power of changing our future, and if it is made with due care, it can create a fortune for us. SIP mutual fund is one of the investment tools which can help you create such fortune. The first and foremost thing which creates doubt in the minds of investors is the ‘market volatility’, which must be taken into consideration while taking an investment decision.

Due to various issues such as inflation, the performance of the industries, government policies, etc., affect the trading prices of the products and schemes. And, this causes a serious effect on the investment values and their returns. Hence, the investors find it riskier to put their monies into the investment. But, this is not justifiable at all. Instead, we need to think about such strategies which could provide us with relief from such concern.

The SIP mutual funds can provide us the best solution in this regard. Mutual fund is a programme in which the fund managers pool the monies of various investors and then put the same into varied investment schemes, in order to minimise the risk and maximise the profits.

What Makes SIP Mutual Fund Different?

The most crucial matter of concern that makes mutual fund different from other investment programmes is its nature of diversifying the funds. ‘Diversification’ is a risk management technique which mixes a variety of investments under a single portfolio. In the case of mutual funds as well, the fund manager puts the pooled monies into different investment schemes and even in varied asset classes. It is believed that not all the investments can face downfall simultaneously, and if the money shall be diversified, it would increase the returns and also minimise the associated risk.

Thus, the investment in mutual funds in India provides the best investment benefits to the investors.

Why is Diversification Essential?

The market faces many ups and downs which causes a great deal of variation in its performance. But, it is noticed every time that all the industries do not suffer the same level of deviation. Some are affected extremely due to the market volatility while some do not get affected at all. This leads to high variation in the prices of some entities while others do not bear such changes. Accordingly, when the money shall be invested into different projects, it would lessen down the risk of losing the investment value and would be helpful in making high-yields as well.

Keeping the same thing in mind, the mutual fund is designed. When it puts the money into varied investment tools simultaneously, it leads to gaining better returns.

The SIP mutual fund, in which an investor is required to put the money at regular intervals, offers such benefits of diversification which help in countering the market volatility and hence provides maximum returns with less risk.

One can buy the mutual fund online as well using online portals, and MySIPonline is one of them. It provides various tools and different facilities which can help investors.

5 Reasons To Choose Systematic Investment Plan

Investing is the new way of saving for the rainy day. Investors should understand the necessity of converting their savings into investment. The swelling needs and the hiking inflation rate have made it mandatory for everyone to adapt the better way of multiplying their money. Many clients tend to believe investing as a synonym of the stock market. This is a myth which is required to be cleared. Mutual fund is another investment strategy which allows the clients to access an investing solution that shields the client’s money along with multiplying their wealth manifolds.

Unlike, the stock market or various other investment avenues, mutual fund provides an opportunity for investing relatively smaller amount regularly. The clients who are reluctant to invest an enormous amount at a single time can opt for Online Systematic Investment Plan to regularize their income and reduce the burden on their pockets.

Systematic Investment Plan is a method of investing in the schemes facilitated by mutual funds through a planned manner consistently. The concept of SIP came into being regarding the need for consistency in human life. The growth process is always slow but study. Whether it may be the process of a seed growing into a tree, or a child maturing into an adult, each and every flourishing activity takes time, but the results are exhilarating and steady. Thus, investment also should be a consistent and facilitate wealth creation easy for the clients.

Here are five reasons which will magnetize you towards parking your surplus in mutual funds by making use of SIP as your investment method.

1. Organized Investment Process : The clients who tend to balance their income and expenditure for accommodating a certain amount in order to invest and save for future needs should undoubtedly take up SIP as one of their investment mechanisms. For example, if a person wants to save Rs. 3,000 every month then he need not to wait for the year end to deploy his money in one of his selected schemes. He can simply put the amount in a particular plan. Instead of saving every month for the lump sum payment at the end of year, the client enjoys a freedom of investing that money monthly through SIP. 
2. Fit For All : SIP is a scheme which gives the liberty of investing in any of the schemes presented by mutual funds. Investors can opt for any plan whether it may be equity, debt or hybrid. These are the main categories; several schemes are present under each of the categories. Thus, if a person aspires to plan for his retirement or his child’s future, he is free to select the appropriate scheme and take up SIP to put in money in the selected scheme regularly. Hence, it is a one stop solution for each and every plan. 
3. Categories Coinciding with Requirements : Clients have varying income levels and so are their investment strategies. To accommodate the needs of all mutual fund experts have made defined various categories of SIP. There are a variety of systematic plans like daily, monthly and quarterly. The clients are able to choose form the list and invest accordingly. Thus, the client gets a chance to select a payment method accordingly. 
4. Top-up Facility is Available : There is a notion among the clients that the amount once defined for an SIP cannot be altered. This means that if a person starts a monthly systematic investment plan of Rs. 3000 and after a few months he has an extra surplus of Rs. 5000 then he is not allowed to put that into his SIP account. But, that is a misunderstanding. The clients are free to invest an extra amount in their account. This facility is called as top-up facility. Thus, investors can park their surplus money along with their regular investments. 
5. Online Transactions : With the changing market trend investment industry is also experiencing a revamp. The clients are being attracted towards online dealings. From clothes to accessories and from books to stationery all are available and ordered online. Following the trend mutual fund companies have launched the concept of online investing. This allows the investors to save their time and invest according to their choice. Clients can browse through various schemes to invest and can also pay the instalment of their SIP through their account directly. 

Therefore, SIP is no doubt one the best way to deploy the money in schemes which suffice your needs. Organizing the investment mechanism the clients will be able to manage his account by using online investment method. Investing, earning and monitoring becomes quite easy.

Just One Click and SIP, Planned!

In the case of investment, planning plays a crucial role. And when it is about mutual funds, it has to be more accurate. What if I say, you can calculate your SIP return in just a single click? That’s what is provided by the SIP calculator! On a single click, you can easily calculate the return on your investment and plan for a better future.

SIP, which is one the best investment plans so far, that provide benefits like feasibility, lower risk, easy payments, higher returns and so on. Calculating return on SIP has now become a task that involves a few steps. This would be helpful for an SIP planner to prepare a better strategy before making any investment in SIP.

Whenever I think of mutual funds, I always have so many question marks in my mind regarding what return I would earn from it. Mutual fund SIP calculator is the only answer for the same.

Here, I want to explain you, what SIP return calculator is all about?

It is a tool which has been provided by almost every online SIP platform and by using this, you can easily calculate the value of your investment after a certain period of time. It has been proved beneficial for those who are thinking of investing in the SIP.

The reason for the same are:

• It is easy to use.
• It does not have any technical requirements.
• It gives an accurate result.
• Helpful in making the best plan for investment.
• What it asks for is just three things, the amount of investment, rate of return expected and years you can invest in.
• Just a click and it comes out with, the SIP return.

These were the benefits which are provided by the SIP investment calculator.
Now further we need to understand its functioning. Return on SIP is calculated on the basis of time value of money. Thus, while calculating the results SIP calculator considers the NPV and IRR, which helps to get the most accurate result.

Nowadays, an SIP planner, before investing the funds into any SIP, uses the return calculator to find the result and make a decision as to where and how much to invest to get a fruitful result.

So ultimately, the SIP calculator acts as the real planner for every SIP investment. It has proved SIP, as ‘Small Is Powerful’.

The complete investment strategy of any investor revolves around getting more return. SIP calculator has provided an approach for calculating the same in just a few steps and a single click.

And in this way, one can make a better plan for investment whereby the result would be in front of the investor before putting the money into any investment.

If you too want to calculate your return on SIP you can easily do the same using  mysiponline.com, where you will get the return investment amount instantly.