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Mahesh

Mahesh Padmanabhan  | Answer  |Ask -

Tax Expert - Answered on Feb 02, 2023

Mahesh Padmanabhan has specialised in payroll, personal and corporate taxation for more than two and a half decades, enabling him to provide practical, realistic and correct advice to his clients.
He is a member of The Institute of Chartered Accountants of India and has a degree in cost accounting from the Institute of Cost Accountants of India.
He is also a qualified information systems auditor. ... more
Sekhar Question by Sekhar on Feb 01, 2023Hindi
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Money

SCSS investment is increased to 30 lacs. That is great. Hope 80 C benefit is also available. Kindly let me know.

Ans: Hi Sekhar
There has been no change to the limits of section 80C investments
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |6986 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 23, 2024

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Hello sir Gagan Here, Hope you are doing well, In section 80c pls i have invested in Elss 60k, PF 43200, Remaing 48k where to invest with better return pls suggest,
Ans: Gagan,

You have invested Rs 60,000 in ELSS and Rs 43,200 in PF. You have Rs 48,000 remaining to invest under Section 80C. Here are some insights on where you can invest this amount for better returns.

Investment Options under Section 80C
Public Provident Fund (PPF):

PPF offers a fixed return and has a lock-in period of 15 years.
It is suitable for risk-averse investors looking for steady returns.
National Savings Certificate (NSC):

NSC has a five-year lock-in period.
It offers a fixed return and is backed by the government.
Sukanya Samriddhi Yojana (SSY):

SSY is for the girl child and offers a higher interest rate.
It has a lock-in period until the girl child turns 21 or gets married.
Senior Citizens Savings Scheme (SCSS):

SCSS is for senior citizens above 60 years.
It offers a high fixed return with a five-year lock-in period.
Life Insurance Premiums:

Premiums paid for life insurance policies are eligible for deduction.
It provides financial security to your family in case of an unfortunate event.
Five-Year Fixed Deposits:

Fixed deposits in banks with a five-year lock-in period qualify under Section 80C.
They offer guaranteed returns but generally lower compared to other options.
Evaluating the Options
Risk Appetite:

Consider your risk appetite. If you prefer low risk, PPF and NSC are good options.
For higher returns and moderate risk, ELSS remains a strong choice.
Investment Horizon:

Align your investment horizon with the lock-in period of the instrument.
For short-term needs, five-year fixed deposits or NSC might be suitable.
Return Expectations:

ELSS typically offers higher returns due to equity exposure.
Fixed return options like PPF and NSC provide stability but lower returns.
Optimizing Returns
Diversification:

Diversify your investments across different options.
This balances risk and return, ensuring stability and growth.
Regular Review:

Regularly review your investment portfolio.
Adjust based on changes in financial goals and market conditions.
Benefits of Professional Guidance
Certified Financial Planner (CFP):
Consulting a CFP can provide tailored advice.
They help in optimizing your investment portfolio for maximum benefits.
Insight into Investment Choices
Actively Managed Funds:

Avoid index funds. Actively managed funds, selected by experts, often outperform the market.
These funds offer better growth potential, especially when chosen through a CFP.
Regular Funds via MFD:

Avoid direct funds. Regular funds through a Mutual Fund Distributor (MFD) with CFP credentials provide better guidance.
They offer personalized advice and regular updates, ensuring your investments are well-managed.
Final Insights
Consider All Options:

Evaluate all options under Section 80C to make an informed decision.
Choose based on your risk tolerance, investment horizon, and return expectations.
Professional Help:

Seek advice from a Certified Financial Planner.
They ensure your investments are aligned with your financial goals and offer the best returns.
Summary
Invest remaining Rs 48,000 considering your risk appetite and investment horizon.
Diversify across different options under Section 80C.
Consult a Certified Financial Planner for personalized advice and optimal portfolio management.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Anu

Anu Krishna  |1281 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 07, 2024

Asked by Anonymous - Oct 07, 2024
Anu

Anu Krishna  |1281 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 07, 2024

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Relationship
Help me!!! 1.I'm starting new "work" on my own(challenging for me) but my mind says quit it, be quite & do nothing. I myself don't know that wether the result of work will be +ive or uncompleted like alws. 2. My mind has become like order seeker type, when someone orders me, I do those things with dedicated(but sad from inside) manner. But when myself will try something different(which i fear, but necessary) then. "I QUITS IT" & sometimes I don't even start. 3. I'm like stuck no clue what/whom I want to do in life, I'm in cllg(1 yr) doing (CSE) ,. 4. I want to do/try (sports,talking girls,study,stocks,coding..) many things, but myself, my thoughts(overthinker), R like just be in the place where u are[confused,po*n,think about past/future(being billio..re,olympics..), girl (that u liked & never talked), abusive/beating self,.. sometimes feels like end life, but don't hv courage for that also.. 5. I tried self help books, spirituality, god, self affirmation, writing... & thay affected me(sometimes) but for only some time, then again that devil me comes up &these things never get completed. As no one in my family knows about all these, so that's Y ,I hv to fight/loose/try again, the battles with myself.
Ans: Dear Harsh,
If in the past you have had the urge to QUIT, how is this time going to be different? This is not to discourage you from taking up 'new work' but pointing out that there is some amount of work that you need to put to clear the mind out of blockages.
-What is limiting you?
- What is the reason for putting off things?
- What comes first to the mind when you start something new?
Also, focus on one thing at a time; study and go deep into it...what's this thing with work? I don't understand. When the mind is unsettled, take one thing/activity, pursue it and finish it. It could simply be studying for Year 1 of your college...just only do that...once your mind is trained in completing an activity, you can add another one the next year along with studying and then pursue both...it could be some sport and studying...then the next year, you could add a third activity. This is called 'training the mind in discipline'. Discipline will make sure that you start and finish things...So, go slow and do one thing at a time.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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