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Invest in Quantum Tax Saving Fund for Double Benefits
Posted On Friday, Jan 25, 2013
With the tax planning season about to end, most of you must be in a panic mode to make investments to minimize your tax liabilities. Due to lack of knowledge about how to minimize tax liabilities, you may end up paying more tax and a major part of your hard earned money is eaten up by that.
It has been observed that there is a lack of awareness about the different incentives, allowances and rebates under the Income Tax Act, 1961. Amongst other sections for Mediclaim, Home loans etc, individuals are also eligible for tax rebates under section 80C of the Income Tax Act, 1961. Deductions under section 80C is available to the extent of Rs. 1,00,000 (Rs. 1 lakh). Therefore, deductions are restricted to Rs. 1,00,000 or the amount invested in the eligible investments mentioned under section 80C whichever is lower.
Investments, like all aspects of life, if planned properly can bring about a great change in your financial resources. We understand the value of your hard earned money that’s why our tax saving fund has the solution to your investment worries. The Quantum Tax Saving Fund will help you maximize your savings as investments in Quantum Tax Saving Fund earn you tax exemption of up to Rs. 1,00,000 under section 80C. The Quantum Tax Saving Fund is an open ended Equity Linked Saving Scheme, where your money gets locked in for a period of 3 years. Units issued under the Quantum Tax Saving Fund will not be redeemed until the expiry of 3 years from the date of their allotment. This helps you to maintain your investments even if market movements might tempt you to redeem.
The fund also gives you an exposure to equity since it invests in equity and equity related securities.
Hence, if you are looking for an option to cut down your taxes and earn returns, you can consider the Quantum Tax Savings Fund as an investment option to enjoy the double benefits of tax saving and investing your hard earned money to help you achieve your financial goals.
Disclaimer, Statutory Details & Risk Factors:
Mutual fund investments are subject to market risks read all scheme related documents carefully.
Mutual fund investments are subject to market risks read all scheme related documents carefully.
Please visit – www.quantumamc.com/disclaimer to read scheme specific risk factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the schemes objective will be achieved and the NAV of the scheme(s) may go up and down depending upon the factors and forces affecting securities market. Investment in mutual fund units involves investment risk such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the sponsor / AMC / Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited. The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.
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