Hi Guys,
Welcome back to Namma Investment Plan. We will study how we can start changing our mind in saving money. We already share few basic information on investment in the last post. Today we will take you to outside tradition investment plans like FD/RD/GOLD.
Yes friends let us take a look into the ELSS and FD.
What is ELSS ???? why it is better than FD/GOLD investments?? and HOW .. yes How much secure is it?????
ELSS :
Equity Linked Saving Scheme
means we are explaining how equity(stocks) will help you to grow your money.lets look at the benefits of the ELSS below.
For lower middle class family and middle class family then can start doing SIP with only 5000 as the base amount and 500-1000 rs per month.
let us calculate the ELSS value after the 15 years on investment with expected interest rate 13% yearly with the SIP of 1000 rs.
Your total investment = 180000
Profit = 375681
Total Returns =
5,55,681
yes This is the magic of ELSS. Including this we will bonus of the share and dividened amount.
Why ELSS better than FD/RD/GOLD????
- In last few we are not seeing much changes in the gold price. I prefer stocks are best performers than GOLD.
- Coming to the FD lets us look how FD investment help in raising savings
If we consider we can invest 150000 lamp sum amount in Bank will be difficult for the middle class people. Even if you can invest amount 150000 for 15 years we will get returns as below.
Total Return = 412428
Total investment = 150000
Profit = 262428
As compared with the FD,ELSS is giving more than 3-4% every year with extra bonus and dividend as per the Equity stocks. SIP will help you to take worry from you. FD will be difficult if you have less amount in hand and not able to invest huge lump sum amount.
I prefer you to go for ELSS and take the SIP monthly .. Save your present money for you future smile.
Ok guys.. Kindly comment your views . I will try to come up the post on your questions....
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