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We are already in the last quarter of the financial year, and most of the employers will be pushing for the proofs of your tax-saving investments. With the increasing awareness of mutual funds as an investment option, Equity Linked Savings Scheme (ELSS) funds are also emerging as the preferred option for tax savings.

A wise man once said, “the best time to plant a tree was 20 years ago; the second-best time is Now.” This quote not only gains its relevance in the World which is getting warmer every year but is equally relevant in the financial world. 

<p style="text-align:center"><img alt="" src="https://docs.utimf.com/v1/AUTH_5b9dd00b-8132-4a21-a800-711111810cee/UTI…; style="width:100%;" /></p>

<p style="display:none">Having secured the fundamentals it is time to ensure that the hard work you put in to earn your money does not go wasted and you make your money work as hard as well.</p>

<h2 style="font-size:21px"><span>Building a Bio rhythm - Good habits to last a life time&nbsp;&nbsp;</span></h2>

<p dir="ltr"><span id="docs-internal-guid-e34bd30b-7fff-3808-6eab-4b6edc433d21">While we know India as a nation of the savers, millennials today tend to prefer to live in the present and enjoy the time. Be it buying the latest gadgets, or planning an exotic vacation, the youth of today may not shy away from taking debt to fulfil such aspirations. With the loans to service over the future, it always seems a convenient proposition.

<p dir="ltr"><span id="docs-internal-guid-95a3898c-7fff-38b4-291c-4cab2e6b8dd0">When it comes to saving taxes, <a href="https://www.utimf.com/">Mutual funds</a> also have a specific category of funds, which are eligible for tax benefit under Section 80C. This category of </span>tax saving mutual fund schemes is known as Equity Linked Savings Scheme (ELSS).

<p style="display:none">Having secured the fundamentals it is time to ensure that the hard work you put in to earn your money does not go wasted and you make your money work as hard as well.</p>

<h2 style="font-size:21px">When Rubber meets the Road &ndash; Execution</h2>

Investment in Equities is the vehicle to participate in the long-term India growth story. Investment in Index fund is the simplest way to invest in Equities and can be core part of Equity allocation due to simplicity of investment and low cost. 

Having a diversified portfolio with investments across different securities and asset classes is always desirable, as it helps you to manage risks to a great extent. However, while diversifying your portfolio, one often ends up investing in multiple mutual fund schemes. Wouldn’t that be great if you can invest in multiple asset classes through one fund itself? Hybrid funds help you precisely do the same.

When one chooses to invest in equity markets, BSE Sensex and Nifty 50 are the two most familiar words for the investors. These are the name of two major stock indices in the country – BSE Sensex and Nifty 50. Since such indices are constructed using scientific methodologies and back-tested techniques, retail investors may prefer to have investment exposure in such indices. However, one cannot invest in such indices directly as they are not a security within themselves, but just an index of different securities.