ALT Investment Services

The Best time to invest in ELSS Mutual fund is at the start of the Financial Year. Start your SIP in an ELSS fund in April instead of waiting for the Last Quarter. What is ELSS Mutual Fund? ELSS Mutual fund is a diversified equity-linked saving scheme (ELSS) that invests in a mix of large-cap, midcap, and small-cap companies. Being an ELSS scheme, the scheme comes with dual advantages of building wealth and saving tax. They are also known as Tax Saving Mutual fund. These funds have a 3-year lock-in which is one of the lowest amongst other tax saving instruments. A 3-year lock-in ensures that the money stays invested in equities and does not get perturbed by market ups and downs. Add to it, the fund manager can take much informed decision and look through the interim volatility.   One of the Best ELSS Mutual fund to Invest in Axis Long Term Equity Fund. Axis Long Term Equity Fund Fund House & Fund Start Date: Axis Mutual Fund – The Ninth Largest Mutual...

National Pension System (NPS) is a pension cum investment scheme launched by the Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through the safe and regulated market-based return. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). Better Returns, Tax Benefits, and Choice of funds make NPS an attractive investment than other Tax Savings Instruments. NPS account can be opened online by making an initial investment/contribution of Rs.500. The minimum amount to be deposited annually in the account is Rs.1000. Below are steps to open NPS account Online : 1. Go to eNPS Website :  https://enps.nsdl.com/eNPS/NationalPensionSystem.html On the Right-hand side, click on the National Pension System. Image Source : enps.nsdl.com 2.Click on Registration. Image Source : enps.nsdl.com 3.Online Subscription re...

One of the important decisions to make while buying Life insurance is the amount of Life cover required. Most people go by the simple thumb rule like 10 Times of your Annual Income. This may or may not give you an accurate picture. The ideal number would be the amount that can meet your family expenses for several years and pay off all your liabilities + loans in your absence. You need to factor in your family yearly expenses in your absence, an  inflation rate that might exist in the future, r eturn of investment rate if your family gets a lump sum amount and they invest somewhere most probably Fixed deposits. The other important factor is your current liabilities , this might be your home loan or other personal loans. All these liabilities will get added to the insurance coverage amount. If you have existing assets or investments , subtract that from the total sum. Below is a simple table on how to calculate this amount quickly. Calculation of Life insurance Cover a...