Money Guru: Shopping is a special trend during the festive season, but this time you can buy certain types of funds in your portfolio. That is, you can make financial purchases in this festive season. This financial purchase can lead to profit in every next festival. In such a situation, the question arises that which funds can you buy during this festive period. So let’s find out…
Utsav Portfolio
– Keep the health insurance portfolio updated
– Take a term plan in life insurance
– Add gold, silver for diversification
– Choose the investment plan according to the goal
Insurance
It is necessary to buy health insurance in the portfolio
– Top-up to basic plan
– Top up Rs 10 lakh on a basic plan of Rs 5 lakh
– Add critical illness plan to health insurance
Life insurance must have a term plan
– Can add whole life plan and endowment plan
Silver ETFs
– Diversification is a great way to add to your portfolio
– ETFs are traded on exchanges like stocks
– Various silver financing options
– You can invest in silver through demat
business cycle funding
– Business Cycle Fund A type of thematic fund
– Its investment in various sectors, all types of stocks
– There is a rotation of sectors in the Business Cycle Fund
– Portfolio includes well-performing sectors
gold etf
– Best way to invest in Paper Gold
– Gold ETF is an open ended mutual fund
– 1 Gold ETF unit is equal to 1 gram of gold
– Investment facility in gold as well as investment in shares
– Gold ETFs can be bought like shares on BSE, NSE
Sovereign Gold Bond (SGB)
– 2.5% p.a. interest, lock-in of 8 years
– Auto credit amount in 6 months
– Maturity amount in Sovereign Gold Bond is tax free
Tax will be deducted on interest as per tax slab
– Tax on sale on stock exchange before maturity
– You can also borrow against Gold Bonds
NPS
NPS stands for National Pension System
– 10% tax free contribution of salary
– 14% discount on contribution to the government
– 80CCD exemption on employer contribution
80C benefit to employees on contribution up to 1.5 lakh
50 thousand additional exemption under 80CCD
– 60% withdrawal is possible after retirement
– 60% withdrawal tax free, balance invested in annuity
NRIs can also invest
(courtesy: zee business)
