To grow your money, you need to make the right investment decisions as inflation erodes the value of your money over time.
If you invest wisely, you get the chance to make more money. Mutual Funds can help you do just that.
With schemes available across various asset classes like Equity, Debt and Gold, you can find one which suits your need. You can use the right combination of schemes and plans to achieve your goals in life. So, why have money lying idle when you have the opportunity to make more money. Start investing in mutual funds today.
Investing to save tax should not be about getting a tax benefit.
SBI Magnum Taxgain Scheme, an Equity Linked Savings Scheme (ELSS) with a track record of over 23 years, allows you to save tax and benefit from investing in equity markets with potential for returns that can beat inflation in the long term and be exempt from tax as per current regulations (for investments made by Individuals and HUFs).
You can invest small amounts say monthly, to save tax and build wealth over a period of time through a Systematic Investment Plan (SIP).
Moreover, the scheme has a 3-year lock-in period which is one of the shortest periods for tax saving investment.
So invest in SBI Magnum Taxgain Scheme today and choose to do more with your tax investments.
The prime objective of this scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investments made in the scheme under Section 80C of the Income tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.
Dreams can only be achieved if you work towards them. Even building wealth is no different. A Systematic Investment Plan (SIP) helps you do just that. SIP is a method of investing a fixed sum, regularly, in a mutual fund scheme. SIP allows one to buy units on a given date each month, so that one can implement a saving plan for themselves. The biggest advantage of SIP is that one need not time the market. Rather than timing the market, investing every month will ensure that one is invested at the high and the low, and make the best out of an opportunity that could be tough to predict in advance.
An investor education initiative