ELSS vs NPS: Which is better to save tax and grow your wealth?

THE ECONOMIC TIMES Tue, Apr 16, 2019 | 06:30 AM IST ET Wealth Newsletter

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ELSS vs NPS: Which is better to save tax and grow your wealth? ELSS is a great way to save tax and grow wealth. NPS is a low-cost option that can save additional tax. Mutual Fund FMPs hit by defaults: What investors should know ET Wealth answers 6 key questions on FMP defaults by MFs in order to explain what it means for investors. All the new details required in income tax return forms for FY18-19 The ITR forms for the assessment year 2019-20 are out. Know the changes you need to watch out for. Kotak's FMP punts on risky businesses Why isn't the fund willing to mark-down its investments related to Zee? The good and bad news on fake news With the election season upon us, fake news is increasing, but so is the mistrust of news circulated on social platforms. That's encouraging, except fake-news creators are also stepping up their game. Jet Airways' runway just got shorter A Monday meeting with lenders ended on an inconclusive note. Signalling fresh trouble, the aviation ministry is said to be revisiting the contentious Jet-Etihad deal files. Industry insiders fear that in peak election season, the government will let Jet's revival plan stutter before letting it quietly die. From our Partners Negotiation strategies for women for a higher salary From our Partners The cost of not maintaining menstrual hygiene Deferred payout from insurance plans is tax free: Should you invest in these plans? Though deferred insurance payout plans are tax-free, investors should consider several other factors before investing in them. How NPS funds have performed Here are the returns of the NPS funds for four different types of investors having a varying allocation to the debt and equity. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 3.10 17.25 8.76 22.35 JM Core 11 Fund-Growth 2.93 16.11 7.26 20.78 Reliance Large Cap Fund Direct-Growth 3.44 14.62 12.33 18.52 Reliance Large Cap Fund-Growth 3.37 14.05 11.20 17.26 Axis Bluechip Fund Direct Plan-Growth 3.04 11.37 11.16 17.11 FeaturedDSP Midcap Direct Plan-Growth ★★★★★ 1.25 12.48 -2.93 16.02 Start SIP What to do if your boss or colleague doesn't return your money There's no easy way to demand your own money back. ET Wealth tells you how to tackle the tricky situation without disturbing the delicate relationship. Student discounts you can get on holiday travel and at tourist destinations If your child is a student, take advantage of this status to save substantially on family holidays while visiting these popular destinations.

FEATURED SLIDESHOWS

Is this the perfect job for you? 5 red flags to watch out for in debt mutual funds How to rematerialise mutual fund units Getting out of a debt trap More Slideshows

Financial Calculators New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds. Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay.

Stocks of firms performing well in Q4 of FY18-19 can be good bets now These stocks promise growth at a time the market is likely to stay volatile due to the ongoing elections. Why having a baby requires a lot of financial planning Many working women choose to quit or take a long break when planning for a baby. Thus, in such a situation, the reduction in household income can be a source of great stress. Conflict with boss can be settled positively. Here's how There are many things you need to take care of while having a difficult conversation with a superior. Here are ten ways how to deal with conflict. Corporate earnings growth to show rise in fourth quarter of FY2018-19 Experts say that low base effect and improved growth in select sectors will boost aggregate corporate earnings. How to open an NPS account online without Aadhaar Aadhaar based registration for NPS account has been disabled since January 2019. Here's the process to open an account online. How to buy family travel insurance While choosing a family travel insurance, try to find out the exact amount of coverage and the heads under which these amounts are covered. Realty hot spot series: This Mumbai suburb's main attractions are connectivity and infrastructure There are more than 18 schools, 20 hospitals and 18 banks in Andheri East. The area is well connected via the Western Express Highway, Andheri Railway Station and Metro Line-1. Judging mutual fund performance: Should you look at trailing returns or rolling returns? While trailing returns gives investors a distorted picture of fund performance, rolling returns, on the other hand, measures the fund's performance across all timescales. Returns in NPS show it is excellent investment option: View The investments of the NPS are already showing excellent returns. If more tax incentives are provided, more people will join it. NPS funds seek stable growth, don't chase spectacular returns: Hemant Contractor, PFRDA "We are looking for stable growth, not spectacular returns. In the search for higher returns, we should not dilute the investment norms." Stock pick of the week: Why analysts are bullish on Dabur Steps to expand its distribution network and reduced competition from Patanjali will boost Dabur's growth. Family finance: Why salaried Sahu needs to streamline investments to achieve goals Sanjay Sahu needs to streamline his existing resources and align them with his goals. His goals include building an emergency corpus, saving for his children's education, etc. What are personal loans? Banks and NBFCs have set strict eligibility criteria concerning income, credit and employment history and past repayment capacity for availing personal loans.

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