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Mutual funds will get cash by means of SIP in SIP, double tax in tax rebate! – SIP Mutual Funds Begin with simply Rs 500 Months What’s a SIP Spend money on ELSS Funds

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Most people are sure to read and hear about earning money from the stock market, but they are not able to do so. Sometimes it is proved to them that money is invested in the market so that they also lose their deposit capital. If you want to make big profits by investing in the Mutual Fund. But it is not known. So this news has worked very hard for you. Today we will Mutual fund sip Are giving information. At the same time, mutual funds are telling about their scheme, in which tax is also saved by putting money. If you have invested in mutual funds through SIP (Systematic Investment Plan) then you also get discounts under 80C. But let us tell you that not all SIPs are exempted under this.

Let's learn about it …

What is SIP? SIP or Systematic Investment Plan gives you the opportunity to invest a fixed amount each month in your preferred Mutual Fund scheme. It is usually started in equity mutual funds. Discipline in Mutual Fund Investments is of great importance. SIP maintains your discipline. Apart from this, SIP continues to invest in the Mutual Fund regularly, even if the stock market is bullish or recession.

What is SIP, SIP, SIP, SIP, investment, SIP full form, SIP finance, mutual fund, mutual fund, money in mutual funds, how to earn money from mutual funds, mutual fund debt, mutual fund debt Scheme, mutual fund ELSSGet tax rebate but …Under Section 80C of the Income Tax Act, MIPs are exempted under SIP. But they are called ELSS-Equity Linked Savings Scheme. Investors have the option of starting a SIP with a fixed amount for such a fixed period in such funds.

How and how many days can start SIP- In all open-ended ELSS schemes, investors get an opportunity to invest through SIP.

>> Some fund houses ask SIP to pick a date for the month. Investors have to fill a form giving SIP and ECS mandates.>> Banks usually charge 21 to 30 days to register your ECS mandate. You can also start online SIP. After this, the amount you decide (Rs 500 per month) is deducted from your bank account every month. (Read also: Depressed by those who invest money in these mutual funds schemes, now what to do investor)

>> Investors can choose SIP for a fixed period or take a parapet option i.e., the SIP will continue till the investor does not direct the fund house to close it.

>> In case of ELSS SIP, every installment will be locked for three years. Understand in simple terms, if you start SIP of 12,500 rupees per month from 1st April, 2019, the first installment will be locked until April 2022, while the second installment will be available till May 2022.

>> In which scheme you are running a SIP, you can add a lump sum amount. This will not affect your Regular Scheme.

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Tax exemption on investments up to Rs 1.5 lakhs – Under tax 80C of Income Tax, investment of 1.5 lakh rupees can be availed by tax exemption in maximum ELSS.

>> Most investors start investing in ELSS to save tax and gradually they start investing in mutual fund (MF) second equity schemes. Therefore it is also called the first scheme of MF. (Read also: If the loss of mutual fund SIP happened on the stock market decline, now do it immediately)

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Whether PPF is better than NSC- If you are not investing in ELSS to save tax, then you may be investing in other tax saving schemes like Public Provident Fund (PPF), National Savings Certificate (NSC). If this is the case, then you need to think again about your investment strategy.

>> The lock-in period in PPF and NSC is quite long. This means that you can not withdraw your money soon after investing them one time.

>> However, PPF has a partial withdrawal facility after five years, but its maturity period is 15 years. Likewise in the NSC, the lock-in period is 6 years. In comparison to the ELSS, the lock-in period is 3 years.

>>In these SIP, more profits – less lock-in period, in addition to ELSS returns are attractive.

>> In the last three years, ELSS funds have given returns of around 13.52%. In five years, the return is 17.2% and 9.83% in 10 years. Against this, the returns of other schemes that provide tax saving facility are less than 10 percent.

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