Question:
what are the proper ways of investment which will help one to save the tax as well as to gain more.tell more about national saving certifiicates and national saving schemes
Answers:
Really it case of "save on taxes" or "gain more." Make your peace with the tax man and go after the "gain more side."
While you didn't give enough information to adequately answer your question, an index fund may be an answer for you.
Taxes on mutual funds are assessed when the fund sells stocks. As most indexes rarely change the underying investments, they rarely sell stocks which would cause capital gains.
Furthermore, a fund such as Vanguard S & P 500 index is essentially "the market" which is what all the other mutual funds try to (but rarely) beat.
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