Financial Wellbeing

Common mistakes in 30's

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IGNORING INFLATION
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SAVING, NOT INVESTING
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NOT STARTING SIP
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NOT OPENING A PPF ACCOUNT/ELSS FUND
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NOT BUYING TERM INSURANCE
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NOT BUYING HEALTH INSURANCE
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NOT UNDERSTANDING POWER OF COMPOUNDING
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WRONG INVESTMENTS
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WITHDRAWING FROM EPF
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TAKING ON DEBT
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Sensex performance over the years

Power of Compounding

Equity Linked Saving Scheme (ELSS)

Invest in Equity Linked Saving Scheme (ELSS) to avail tax benefit under Sec 80C of the Indian Income Tax Act, 1961

Tax deduction up to Rs. 1.5 lakh u/s 80c
3 years lock-in period (lowest compared to PPF & bank FDs)
Growth potential of equity
Investor can opt for dividend payout option too
No tax on long-term capital gains upto 1 lac

Financial Wellbeing

By Bharath Lenin

Financial Wellbeing

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Bharath Lenin