IMPORTANT LESSONS OF INVESTING
Investing is a tool for building wealth, but it is not only for the wealthy. Anyone can get started on an investing program, and various vehicles make it easy to begin with small amounts and add to a portfolio periodically. In fact, what differentiates investing from gambling is that it takes time—it is not a get-rich-quick scheme.
We will help you to understand what investing is, what it means and how the “miracle” of compounding works. We will also help you in building blocks of the investing world and the markets and provide some insights into techniques with the goal of helping you think about which investing strategies and vehicles are right for you.
New to Investing
If you want a shot at becoming wealthy, you need to do more than simply earn money. Most importantly, you need to save the money you earn. And then, you need to grow your money. In order to grow your money, you need to learn - how to invest ?
We at RPS Wealth offer you complete handholding services to become an investor. You can use your money to acquire things that offer the potential for profitable returns through one or more of the following:
- Investment in Fixed Income Products via Mutual Funds – See product list
- Investment in Large Cap and steady Equity Products via Mutual Funds – See product list
- Invest in mixture of both Debt and Equity Products – See product list
As you learn to become an investor, you will begin to devote your limited resources to the things with the largest potential for returns. That may be buying stocks and bonds, or at least mutual funds or exchange-traded funds.
Thanks to advances in technology and facilities in Mutual funds, you can start to invest with as little as Rs. 1000/month through SIP (Systematic Investment Plan).
Smart Tax Planning
Tax planning may seem like a tedious exercise requiring a lot of effort that may make an ordinary investor nervous at the first glance. Equity Linked Savings Scheme (ELSS) offers a simple way to get tax benefits and at the same time get an opportunity to gain from the potential of Indian equity markets.
Simply put, ELSS is a type of diversified equity mutual fund which is qualified for tax exemption under section 80C of the Income Tax Act and offers the twin advantage of capital appreciation and tax benefits. It comes with a lock-in period of three years.
ELSS funds are one of the best avenues to save tax under Section 80C. This is because along with the tax deduction, the investor also gets the potential upside of investing in the equity markets. Also, no tax is levied on the long-term capital gains from these funds. Moreover, compared to other tax saving options, ELSS has the shortest lock-in period of three years.