Comment on Introducing Balance - Clever ways to save

Balance commented on 05 May 2017, 02:08 PM

Hi Shinendra

We have collaborated with the largest AMC in India and handpicked the ideal mutual funds for you saving needs. Save automatically with the ICICI Prudential Money Market Fund — Growth and enjoy past interest rates of up to 8.65% p.a. which are twice as nice as saving accounts, and with one of the lowest risk rating and any time withdrawals, this fund is ideal for short term goals or just building a saving habit. Your withdrawals are processed in up to T+2 trading days and there is no entry or exit load.

For your tax saving goal, Balance invests in the ICICI Prudential Long Term Equity Fund- Growth, an ELSS fund with interest rates of up to 22% p.a, with a 3-year lock in period. You can also save up to ₹46,350 in income tax when you submit your investment proofs, which will sent to you instantly.

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