How do you invest in ELSS Tax Saving Mutual Funds to Save Tax

Though Tax planning can be challenging, it can also be rewarding if you choose the right mode of investment. If you are looking to save tax and long term risk-adjusted returns from your investments both, then maybe you may consider adding an ELSS tax saving mutual fund to your portfolio. The simplest thing to do would be to invest in an ELSS tax saving fund, which helps you build wealth and reduce your tax liability. How much tax is saved in the ELSS tax saving mutual fund?

If you are looking for a tax benefit of upto Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961, Equity Linked Savings Scheme (ELSS) is the answer offering you tax savings of upto Rs.46,800 for the highest tax bracket.

How to invest in ELSS tax saving mutual fund?

You can easily invest in an ELSS scheme with a few clicks. If you have already selected a fund of your choice then you may visit the company’s website, select the fund and make an investment. If you are confused about which one to choose among the available funds, then you may choose to approach a distributor who can guide you on which fund to invest in.

Let’s take a quick run on how you can save your hard-earned money by investing in an ELSS Tax Saving scheme.

Is an ELSS tax saver alone?

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

Deductions under section 80C of the Income Tax Act, 1961

Opportunity to invest in the equity markets

Long term capital appreciation

The shortest lock-in period of all the tax saving instruments under Section 80C

As per SEBI’s mutual fund categorization norms, ELSS tax saving mutual fund is an open-ended equity-oriented mutual fund scheme that needs to invest a minimum of 80% of its assets in equity & equity related instruments (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).

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

A unique feature about ELSS tax saving mutual fund is that when compared to the other open-ended diversified equity mutual funds, investment in ELSS is subject to a mandatory lock-in period of three years. During this lock-in holding period, you cannot redeem your investments before the completion of three years from the date of the purchase of an investment. After the lock-in, if you decide to redeem the investment on the realized gain, as per the current tax rules, LTCG tax applies.

There are various types of ELSS tax saving mutual funds in the financial markets each following a particular investment objective. Remember, though tax saving could be one of the key objectives behind investment in tax saving fund; it’s a general expectation that any investment should also deliver some return.

Hence, while evaluating your options for investment in ELSS scheme, you need to look at the return column as well as the qualitative aspects too. You need to remember that as an investor, you should know the risk and reward attached to investment before taking the plunge with your hard earning money.

How to Choose a Financial Advisor in Melbourne

Financial advisors are also used by individual people because they are able to access a wide range of financial information. They can provide valuable advice on saving for your future, how to reduce your debt and how to plan your financial affairs. Financial advisors can advise you on whether a pension is the right option for you, or whether you should consider investments.

Estate planning and financial advisor in Melbourne can help you manage your assets and ensure you have the right balance between your debts and assets. They can help you plan and organize your estate – whether this involves selling a home or building one. Advice on estate planning can assist you when it comes to making financial decisions such as planning ahead for your retirement and finding suitable investments. Financial advisor in Melbourne can also give you personalized financial advice for investing in your future. They can advise you on which investments would be best for your circumstances, whether it be through property, shares or other assets.

Your financial advisor in Melbourne can give you advice on how to save for your children’s education. School fees, particularly for private schools can be exorbitant, and financial advice can help you choose the best school for your child. It can also inform you about the various types of financial aids that are available, including grants, scholarships and bursaries. They can also give you advice on how to get your child into school – particularly if you have been out of school for several years. The financial assistance available to students is considerable.

Another area where financial advisers in Melbourne are useful is to plan for your post-retirement lifestyle. You may wish to settle into a new home, purchase a condominium unit or maybe even invest in a business. These decisions come with different variables such as location, accessibility and affordability of property, potential interest rates and taxation implications. A financial advisor in Melbourne will be able to guide you towards the options that best suit your circumstances.

There are a number of different types of financial advisors in Melbourne. Some specialize in a particular field such as tax planning and estate planning and advice on these subjects should only be undertaken by financial advisors in Melbourne. Other financial advisors can offer a more general range of financial advice on a variety of financial products such as pensions, investment funds, savings and insurance. The best financial advisors in Melbourne will be able to offer a full range of financial advice services including tax planning and investing for the future.

Before choosing a financial advisor in Melbourne, it is important to do your research. Find a person that you feel comfortable with and whose approach you are comfortable with. If you know the financial advisor through a previous employer or have known him or her for a while then it is likely that you are already familiar with them. It is also important to look for people who have a proven track record of success. Ask friends and family for referrals if possible and if none are available then look online. Names of financial advisors can also be found through the BBB and if possible ask for recommendations from reputable business organisations.

The USDA Home Loan Process Is So Much Simpler Than Other Home Loan Processes

most of them have very stringent requirements that make it impossible for many prospective home buyers to get a loan. Even if a potential borrower meets the eligibility requirements, the process can be tedious and time-consuming. If you’ve tried getting a home loan before, you know how extremely frustrating and stressful the process can be. The good news is, there is an easier way to get USDA Home Loans Florida near me.

The USDA home loan process is surprisingly simple. It is designed to make it easy for people with tight budgets to be able to get the money they need to buy their own home.

A look at the USDA home loan process

Here’s a look at the USDA home loan process:

First you will need to get a pre-approval letter. This will be issued from a USDA loan specialist. Once you’ve obtained this pre-approval letter, you will need to get a Sales Contract on the home that you’ve chosen. It is important that the home is located in a USDA-eligible area and that the property complies with the requirements set by the USDA.

After you’ve got these documents, you will need to fill in and sign the loan application documents and sent them along with all the required supporting documentation to the loan representative. Your income documents must be submitted along with this application.

The next step involves the appraisal and inspection of your application and documents by the underwriter. After going through all the paperwork and the application, the underwriter will advise you if you need to submit any other documentation in order to get the final approval for the loan. If you receive any such notification from the loan company, make sure to submit the required documentation as soon as possible in order to speed up the process. Once the underwriter has received all the documentation, they will sent the file to central USDA for the final seal of approval and commitment.

When this final process is completed and your loan approval is finalized, the underwriter will get in touch with you and ask you to come to the office to sign the papers. There is no down payment required, which is a huge advantage over other lenders who require you to make a down payment before signing the documents.

With USA Home Loans all you need to take along are your state issued photo ID card to the title company and a pen to sign the documents. That’s it! Once you’ve signed the documents, you will get the keys to your very own home.

How to find USDA home loans Florida near me

The state of Florida has a lot of good things going for it, from fantastic weather all year round and friendly people to a great education system and good job opportunities. It’s no wonder that more and more people are looking to buy a home in this state. What’s more, you can find USDA Home Loans Florida near me without actually traveling to the state. You can find several lenders that offer home loan financing for anyone wanting to buy a home in Florida. The key is to do your homework and find a lender that offers hassle-free loans.

Being Present For Peace

Being present fully. Who is? Zen masters who have done years of training in meditation and deliberate consciousness? Athletes and performers who have done years of practise, endless hours of rehearsal and perhaps hundreds of hours on stage or before a camera?

In one of her fascinating mystery novels, Patricia Cornwell’s lead character Kay Scarpetta reflects on the consciousness of a murderer. A consciousness that works the environment – notices every person around himself, the awareness levels of the individuals he is studying – who could help him, who could hinder him, in his quest for the next kill, or his quest in manipulating and using anyone to forward his goals. Scarpetta muses how unaware most folks are in comparison. How we don’t notice people around us, or the details of the setting we’re in. How much more present a serial murderer is, than us plain folks.

That’s scary, huh? Do any of us enter a public place or a workplace on the leading edge of awareness – scouting for someone to exchange a positive communication with, someone to help, or ask for help? Do we scan the crowd for persons of peaceful or cheerful demeanors with which to resonate, enjoy, and move on? Do we notice? Are we ever fully open to the scenario we are in, drinking in every tiny vibe of “Yes!” from the movements, mannersims, expressions of individuals in our immediate landscape, be it the mall, the bus stop, the parking lot, the office tower lobby?

So do we have to be a murderous predator to even contemplate that degree of awareness?

It strikes me that the opposite – serenity – might be an equivalent presence. I’ve experienced serenity after meditating, after exercising, after performing especially. There were moments of a real high, of extended perceptions, a sense of seeing every face in an audience. Also a sense of hearing every individual in an audience breathing individually from the stage. (No, I was not on some chemical or herb.) An open, receptive consciousness, taking in astounding detail.

Not so much extending perceptually out into the environment scouting for certain things, but BEING the whole area of perception, wrapping around it in a way. And therefore knowing what was there.

So my train of thought kept going with the idea that if we non-predatory individuals walked through life via a presence, our presence, opened and extended in this way, that we would notice more of a like consciousness anywhere we go. Or just look at. And we, being in this frame of mind, would be Being more.

In most busy, crowded, public places I tend to shut down. I know where I need to go, what I need to do, and then I want to get home, or to my next quieter place, or next commitment. So it’s like the goal is to NOT be there!

Now the thought hangs – what have I missed? Who have I missed? I will never know – but possibly now I will remember, once or twice a month, to wake up in my environment, really Be There and take it all in, look for what I think of as good in the environment, anything good. Not as in a delusion or fantasy – but with bold, sharp-edged awareness.