There are several areas that are attractive for investors
following different proposals made in the Union Budget. Here are some places
where the amount could be invested. While internal figures will vary from
individual to individual, areas and their features are an important part in the
process.
Tax free bonds
The Finance Minister has given permission to various
institutions to issue tax free infrastructure bonds for one more year so for
anyone who wants to earn tax free income this is a place where they can put
some of their funds. This option is meant for long term investments since the
bonds are for a period of 10 years and 15 years respectively.
Equity mutual funds
The Securities transaction tax on equity oriented mutual
fund bought and sold through a stock exchange or even directly with the mutual
fund has been reduced significantly. This reduces the additional expense on the
fund and hence it becomes a suitable low cost investment vehicle for the
individual to park some of their funds.
Inflation linked bonds
Investors would also like to ensure that their fixed income
instruments are protected against the rise in inflation and now there will be
an option that is available to them. This is in the form of inflation linked
bonds that are likely to be introduced in the Indian market. This will enable
protection of a real rate of interest for investors so some part of their
portfolio can be allocated to these bonds.
Rajiv Gandhi Equity Scheme
If you are a first time equity investor, then it makes sense
to use either mutual funds or the top stocks present in the market to invest and
get an additional tax benefit too. Rajiv Gandhi Equity Savings Scheme allows
investment over three years. A first time investor can allocate a small part of
his portfolio under this scheme.
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