How to do tax-saving with mutual fund investments?

It might be difficult watch your hard earned savings simply getting deducted in taxes. The simplest thing to do would be to invest in a tax saving mutual fund, which helps you build wealth and reduce your tax liability. Remember though tax planning is challenging, it can also be rewarding if done correctly. So, we are giving you a quick run through about how you can save your hard earned money by investing in a Tax Saving (ELSS) mutual fund scheme.

An ELSS (Equity Linked Saving Scheme) could become you best choice if you are looking for:

Tax benefit u/s section 80C of the Income Tax Act, 1961
Opportunity to invest in the equity markets to grow your investment corpus
Long term Capital appreciation
Shortest lock-in period as compared to other tax saving instruments under Section 80C

As per SEBI’s categorization norms for mutual funds, ELSS is an open-ended equity-oriented mutual fund scheme that invests a minimum 80% of its assets in equity & equity related instruments.

Generally investment objective of an ELSS tax saving mutual funds is to achieve long-term capital appreciation by investing primarily in equity and equity-related instruments.

A distinctive feature about ELSS is that compared to the other open-ended diversified equity mutual funds, investment in ELSS is subject to a compulsory lock-in period of three years. During this period, you cannot redeem your investments before the completion of three years from the date of the investment. After the lock-in, if you decide to redeem the investment on the realized gain, as per the current tax rules, LTCG (Long-term capital gains) tax applies.

Remember, though tax saving may be a major purpose behind investment in tax saving mutual fund; it’s a general expectation that any investment should also deliver some return. Hence, while evaluating your options for the tax saving mutual funds of 2021 to invest in, you need to look at the return column too. Do not forget that as an investor, should know the risk- reward tradeoff specific to an investment before taking the plunge with your hard earning money. You need to look beyond to see a historical growth of ELSS tax saving mutual funds for a period of at least 3 years.

If you are looking to save tax, lower your capital gains tax and long term risk adjusted returns from your investments, maybe you should consider adding an ELSS tax saving mutual fund to your portfolio.

Affiliate Marketing:Promoting Your Own Web Presents

Affiliate Marketing is the promotion of anothers products or services. If this process is done right,it’s the ideal work at home business opportunity. The key here is to promote your own website that links to affiliate products, services and information that you will make a profit from.

Most off-line businesses are affiliate Marketers.They offer another’s products and services from a location that they own or lease. It’s no different on the web to be successful long term you must have your own piece of real estate, your own website {a themed content rich website} that will establish a internet present for you as you promote your affiliate programs.

How do you establish a internet present. By having your own domain name and”Branding” The term ‘branding’ is often bantered about the Internet and often thought to be proprietary to only those ‘big’ outfits like IPO’s and multi-national companies.

NOT TRUE! ‘Branding’ is every bit as important to small companies and individuals alike. In simple terms a ‘brand’ is something that starts becoming recognized with a product or service. On the BIG side, some ‘Brands’ are, YAHOO, Kellogg’s, Ford, IBM, etc. It’s not likely the average person taking this course will ever develop a ‘Brand’ of this magnitude of recognition, but all the same, a personal ‘Brand’ is vital to your own recognition.

For an individual Netrepreneur, placing your own photo on every page you promote can be most beneficial, add your name and a telephone number and before long people will start to: 1] recognize your face 2] develop a comfort zone around you 3] join programs and/or purchase from your webpage(s)

Sure you could spend a lot of time and money creating a ‘Brand’, but most of the great ones are gone or in the very least already on a drawing table somewhere.On the other hand, a photo of your head and shoulders is already copyrighted to you, people’s natural curiosity compels them to look at faces, and faces ALWAYS last in the mind’s eye far longer than any name or phrase.

For Affiliate Marketers, having your own theme,content rich website is important, and you should be promoting affiliate products and services that are revelent to your themed website.

Cyber-Space Ministry – A Method For Present & Future

Validation is a crucial exercise. We do all sorts of things in life, yet it’s the things we do that find favour amongst others, especially others we richly respect, that compels us to continue to do the things we do.

I found reassurance in this fact recently when I read one of the most respected and time-honoured pastors in Perth give his blessing to those, like I, who minister in the ether. Those of us engaged in speaking about God using internet tools like blogs, Facebook and Twitter etc can safely look to our elders who’ve preceded us in this work.

And when I cast my mind over some of these local champions of faith I thought of three (amongst many) that have made such an impact on the immediate world around them. These are Pastors Margaret Court, Phil Baker and Graham Mabury. The latter-most is the person who’s effectively blessed the practice of cyber-discipleship and cyber-evangelism. (I’d call myself more passionate regarding the former than the latter.)

But, let us get it into context. This is why I love the Bible–the words never change (though our meaning for those words can change due to our growth with God).

Graham Mabury’s benedictory quote goes like this:

“God bless every one of you who is prayerfully, creatively, Holy Spirit powerfully being salt and light in cyber space. You are His witnesses in MySpace, Facebook and to the uttermost blog on the net. Go into all the [virtual] world and make disciples, and He will be with you to the end of the [technological] age”[1] –Technologically ‘enhanced’ paraphrase of Jesus’ Great Commission in Matthew 28:18-20.

This unreserved ‘blessing’ does not come without qualification. We who do this are to do so considerately, and with respect and fairness i.e. prayerfully. We who do this are to do it in a way that hopefully inspires and enlarges people’s lives and their visions of life i.e. do it creatively. We who do this are finally to do it in a way that is powered by the Holy Spirit, for we cannot be salt and light to the world without living a spiritually-congruent ‘called’ life.

Who knows what medium we’ll be using in 5-years, let alone twenty. Let us hope we can urge those ambassadors of God to also be prayerful, creative and led by the Spirit in the way they do ministry. Most importantly, however, because we are ‘in attendance,’ let us carry the present baton with distinction.

Copyright © 2009, S. J. Wickham. All Rights Reserved Worldwide.

[1] Graham Mabury, “On air with Graham Mabury” in The Advocate (June 2009 edition), p. 4. www.theadvocate.tv Graham Mabury presents his program on Perth’s 6PR (882AM) every weeknight from 8:00 pm to midnight. He has also been pastor of Mount Pleasant Baptist Church for many years.