Invest In Tax Saving Mutual Funds Online
THE trigger facility offered by several mutual funds proves very useful for investors as it ensures that they are able to complete the sale of their units smoothly and without any disruption. Most important is the fact that investors would not miss out on any opportunity and their goals would be easily achievable. Here are some details related to the trigger facility and what investors should actually do.
Nature:
The trigger facility is a feature where the mutual fund allows the investor to set specific limits wherein a certain transaction would be executed.
This could be something like a limit that can be set for the sale of units, where when the limit is reached then a certain transaction would be executed. A simple example of this is the sale of units for an investor when the price rises 20 per cent from the cost.
This is a way in which investors can actually ensure that they are able to lock in the benefits that they are earning automatically. This feature is the most useful one in the whole list of facilities offered by mutual funds because the entire transaction is executed by the mutual fund without any interference from the investor and hence this does not require any extra effort.
Easy to implement:
The best part about the entire transaction is that this is easy to implement in the sense that the action from the investor has to take place just once. This would be done when they are going about setting the trigger limit because what would happen here is that they would fix the details and the limit and then this would be sent to the fund.
Whenever the limit is reached, the fund would implement this automatically. There is no need to keep following the fund and its changes in the net asset value and hence, this saves a lot of time and effort on the part of the investor. It is also something that anyone and everyone can use and hence, this would be a feature that can also be used when required.
Not all funds:
The question for the investor is whether they will actually be able to use this feature because not all mutual funds offer this facility.
Only when this is present would the investor be able to choose the option. Investors should first check the details to see whether this facility is actually present. Then the next question would come about the time and place when this would be used. It need not be used by everyone but if you are someone who does not have the required time to track the investments then it would be better to make use of the choice that is given by the fund.
Specific goals:
The best use of the trigger facility is when this is actually linked to the goals of the individual. The goals would require that money have to be made available at a certain point of time.
In this case, the trigger facility can ensure that the goals are being achieved and the targets in the investments are being met.
This would lead to a proper match of the two figures and the end result would be that the entire planning process would be on a better footing as compared to one where this is not implemented.
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
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These Application Forms can be used for buying regular mutual funds also
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