Finmission's Class

  1) 80C: Claim full tax deduction in 80C 1.5 Lakhs  ( use Term Insurance Plan, ELSS, PPF,  Sukanya Samridhi ) 80D Mediclaim 50K 80CCC NPS 50k  If you do not have funds then withdraw from existing investments & reinvest in tax-saving instruments  2) Book Profits in Shares and MF up to Rs 1 lakh:- Capital gains in Shares and MF is exempt up to Rs 1 lakh. So you can book profits and re buy without paying tax  Also book losses now to adjust against gains from other investments to save Tax 3) Rent: If paying rent to parents or friends Make Rent Agreement :- This is applicable for Next year starting from 1 April 2022 to claim HRA benefits 4) Life Insurance: Review your life Insurance based on income Your Insurance should be 10 time of your annual Income(  a thumb rule) Buy before your birthday to save on premium ( A minor tip) 5) Medical Insurance:  Review your Medical Insurance requirement for your- self and family each member should have minimum...

So what is SIP in Mutual Funds?   Systematic Investment Plan (SIP)  is an investment route offered by Mutual Funds wherein one can invest a fixed amount in a mutual fund scheme  at regular intervals– say once a month or once a quarter, instead of making a lump-sum investment. The installment amount could be as little as Rs 100 per month   . It’s convenient as you can give your bank standing instructions to debit the amount every month. Benefits of SIP:-  A  thought on Systematic Investment Plan: Treat your new SIP as your child.... Ezhil 👑 : 0-3 Years: SIP will have to be supported as like a baby it will be unstable, initially. You may see its value lower than the invested amount but keep supporting it by simply keeping it active...   3-10 Years: Just like a child, it will be more stable and you will see a rise in your investment. SIP would have accumulated some decent amount.    10-20 years: At this stage the child has deve...