Here are smart Investment plans to avail for best tax benefits

It is good to start investing in the early quarters of the financial year. This way, you get ample time to carefully plan your tax-saving investments, thus meeting your financial goals. One of the major mistakes made by most investors is investing for the sake of tax benefits. When making an investment, an investor should ideally consider

• Maximum tax savings
• Low cost of investment
• Minimum risk
• Substantial returns

We should investigate the different tax beneficial speculation plans for the year 2015.

Equity-linked Saving Scheme (ELSS)

It is the best alternative for individuals ready to invest in fleeting plans as its lock-in period is three years. Additionally, this value store produces great returns over the long haul, with the adaptability of investing simply Rs 500 even. Here, you are not bound to keep investing further after the lock-in period as on account of pension plan, insurance plan or a ULIP. It is ideal to invest your cash over a period of time as opposed to investing a bump aggregate sum in a solitary go.

Public Provident Fund (PPF)

PPF is a standout amongst the most favored alternatives for tax cuts under section 80(C). This long haul sparing plan has a lock-in time of 15 years and can be stretched out in squares of 5 years. As per the latest Budget, the yearly investment limit has been expanded to Rs. 1.5 lakh from Rs 1 lakh. A PPF record can be begun in a bank or a mail station extension. You can invest anything from Rs. 500 to Rs. 1.5 lakh (most extreme) as portion or as a bump whole sum. PPF is a decent investment alternative for individuals who are not secured under EPF, are independently employed experts, or are danger disinclined investors.

ULIPs:

If you are looking for long haul investment, then ULIP is a decent investment choice. It offers protection to your investment. Your premium is invested under debt and value business, offering you expense free returns. You can expect great results from a ULIP just if you invest for a long time. There is no premium occasion in the event of ULIP and your approach is liable to get ended on the off chance that you neglect to pay the premium.

 

New Pension Scheme (NPS)

On the off chance that you are worried about your retirement and are anticipating an arrangement with expense sparing advantages, then NPS is the best choice. NPS is known for its investor- inviting gimmicks, ease structure and adaptability. Here, you can invest a base measure of Rs. 6,000 in portions of at any rate Rs.500 or as an irregularity total. Being the investor, you get to choose how to apportion cash for investment in gilts, corporate securities and value.