What is Reliance Tax Saver Plan?

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The Reliance Tax Saver is an open ended equity fund that is worth investing in on the part of all those looking to incur savings on tax payment at the end of any financial quarter.

This ELSS Fund was launched in as early as 2005 and caters to the interests of both business persons and salaried professionals.

There are many takers for the Reliance Tax Saver Plan largely due to the fact that investors can benefit from growth in equity in addition to being able to save on tax payments in the year end.

There are very few risks that are associated with these income tax saver plan and we always encourage our customers to sign up for this mutual funds scheme so as to reap great returns.

Important Points To know about the Reliance Tax Saver Plan 

A Transparent and Safe Investment Scheme

The Reliance Tax Saver Plan has been in existence for a good number of years and is therefore characterised by a great deal of safety and transparency. There are no hidden costs as far as this ELSS Scheme is concerned and investors never have to worry about incurring huge losses when signing up for such a scheme online.

Minimal Risks for Investors to Face

The Reliance Tax Saver Plan like all other open ended equities is prone to risks associated with market volatility. However, these risks are quite minimal and the long term growth in capital that can be experienced through such an investment makes the risks otherwise typical of such an investment, worth taking.

No Complicated Formalities to Undertake

The formalities that need to be fulfilled in order to start investing in this ELSS Fund are not complicated and the application process is carried out online. We do our best to make sure that the Reliance Tax Saver Plan applicants get their formalities carried out in a smooth and hassle free manner so as to be able to start reaping the terrific returns from their investment in this fund as quickly as possible.

Allows Investors to Save Money on Capital Gains Tax Payments

  • One of the main factors to have contributed to the popularity of the Reliance Tax Saver plan among people of almost every age group and economic background is the fact that this tax saver plan makes it possible to incur savings on capital gains tax.
  • The capital gains tax amounts to quite a bit of money and must be paid by those who profit from the sale of commercial or residential establishments.
  • By investing in the Reliance Tax Saver plan one is completely exempted from paying at least 50% of the money that would otherwise have been spent as capital gains tax.

No Maximum Investment Limit to Abide By

There are no maximum limits that investors need to be mindful of when opting to invest in a mutual funds scheme like the Reliance Tax Saver Plan. Investors can spend as much as they would want to on this fund in order to be able to reap the maximum possible returns from it.

The minimum amount of money that a person is required to invest in the Reliance Tax Saver plan is around 500 INR. This will be debited from the bank account of the investor via electronic clearing system or ECS.

SIPs for a Smooth and Efficient Investment

  • Those looking to benefit from ELSS Funds like the Reliance Tax Saver Plan can opt for an SIP or Systematic Investment Plan in order to give their investment some structure. I
  • t is possible to make disciplined investments with the help of SIP.
  • This is a scheme that makes it possible for investors to pay 500 INR or 1000 INR per month, week or in every financial quarter towards the Reliance Tax Saver Plan.
  • By selecting this investment plan, investors shall be able to make timely payments.
  • SIP’s can be started as well as stopped at any point of time.
  • If an investor finds it difficult to continue with his investment in the Reliance Tax Saver Plan then he can stop his SIP immediately. There will be no penalties imposed on him for this.

Investment Benefits People of Every Age

The Reliance Tax Saver Plan is an open ended equity that benefits investors of all ages. Even senior citizens who invest in this ELSS Fund are likely to be exempted from taxation.

A Liquid Investment for One and All

The Reliance Tax Saver Plan is an ELSS Fund that is characterised by a liquid investment procedure. Buying and selling can be carried out by investors on a daily basis. Investors can expect to start getting their money within a period of ten days or so.

Quick Payouts or Dividends

  • The payouts for the Reliance Tax Saver Plan are carried out in the form of dividends.
  • Investors can expect to receive dividends from their investment in this scheme in every financial quarter.
  • The dividends are debited to the bank accounts of the investors via ECS. These may also be given to investors vide electronic cheques.

Reliance Tax Saver Plan - Returns

Scheme

Returns

Rank

1 month

-4.4%

74

3 months


-6.7%

45

6 months

-2.2%

29

 

1 year

-5.9%

49

2 years

0.1%

75

3 years

33.6%

5

5 Years

49.6%

1

 

Easy Sign up Procedures to Follow

The process of signing up for the Reliance Tax Saver Plan scheme can be carried out easily on the internet. Applications get processed almost instantly and those who are accepted to be investors in the Reliance Tax Saver Plan are provided with log in details using which they can access their ELSS Fund account at any time of the day.

Applicants are expected to be transparent about their financial history at the time of signing up for this mutual funds scheme. If errors are detected in this regard then the concerned application may just very well be terminated.

Lock in Period of 3 Years

There is a three year lock in period that investors can benefit from when they sign up for Reliance Tax Saver Plan. This is not an investment that is likely to run into several years and the returns from such an investment are quick and substantive in value.

Well Known Reasons to Use a Mutual Funds Calculator when investing in Reliance Tax Saver Plan

The Reliance Tax Saver Plan is one that comes with its very own funds calculator that may be used by prospective investors to determine exactly how much they will be likely to make when investing their money in such a scheme. There are several reasons why this calculator should always be used prior to signing up for being an investor in this ELSS Fund.

ELSS Fund Calculator is Free to Access

The mutual funds calculator for the Reliance Tax Saver Plan is easy to use and is also a tool that can be accessed for free. Interested persons may use this tool at any time of the day, be it morning or night to check how much they can possibly make by investing in the Reliance Tax Saver Plan.

ELSS Fund Calculator compatible with Several Devices

Apart from being easy to use the Reliance Mutual Funds Calculator is also one that is compatible with a wide range of mobile devices. This calculator can be used in a convenient manner in both IOS and android phones.

ELSS Fund Calculator should be accessed using High Speed Internet

It is necessary for people to use high speed internet when accessing the mutual fund calculator online for Reliance Tax Saver Plan. Otherwise the process of generating likely returns for a specific investment amount will slow down to a considerable extent.

Excellent Accuracy of Results Generated

The results that are generated by the mutual fund calculator are a hundred percent accurate. Those who use such a mutual fund calculator can be rest assured that the figures generated by this calculator are almost likely to be the same as the returns that they will make when investing a specific amount of money in the Reliance Tax Saver Plan.

Precautions to take when making Investments in Reliance Tax Saver Plan

  • One of the most important precautions that should be taken when investing in the Reliance Tax Saver Plan is to provide accurate PAN details. This is required for reasons of security.
  • The SIP payments should be carried out in a timely fashion and investors should avoid defaulting on these as much as possible. Defaulting can affect the returns an investor could otherwise expect through consistent SIP payments.

Thus the Reliance Tax Saver Plan is quite a sound ELSS Fund scheme that is worth investing in on the part of those looking to make huge profit from equity while saving on the payment of tax as well.

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