With Paytm Money, invest in ELSS mutual funds & save taxes under section 80C of Income Tax. Choose from top performing ELSS tax saver schemes of 2024.
Learn about ELSS Mutual Funds, a tax-saving investment option in India. Understand how ELSS funds work and their benefits for long-term wealth creation.
ELSS, or Equity Linked Saving Schemes, are mutual funds that invest in equities and allocate some funds to the debt market. They are categorised as tax-saving mutual funds that fall under Section 80C of the Income Tax Act. Under this act, ELSS funds allow you to claim deductions of up ...
Hence, when you redeem your ELSS funds, you must pay long-term capital gains tax at 10%. But, if the gain is within the limit of Rs 1 lakh, then there is no tax. Who Should Invest in ELSS Mutual Funds? Salaried Individuals: If you are a salaried employee, you would likely be ...
To know more about investing in ELSS Mutual Funds funds refer our blog articles here :www.dbs.com/digibank/in/learn/articles/mutual-fund-that-helps-you-save-tax Open a DBS Bank Account Now Save Taxes With Mutual Funds Open a DBS Bank Account Now ...
For many, tax-saving ELSS funds are the gateway to mutual fundsSrikanth Meenakshi
To give you some idea about how returns in ELSS funds and PPF differ every year, I have tabulated the annual returns of some of the popular tax-saving ELSS mutual funds in the table below: The data has been sourced fromValue Research. This is not a perfect comparison but is still good...
Track Axis ELSS funds latest NAV, historical returns, performance, ratings by CRISIL, morningstar etc & fund manager details that invest in large, mid-cap & small-cap companies.
of India in the year 1992 introduced the Equity Linked Savings Scheme (ELSS) mutual funds. Investments into the scheme qualify for tax benefit. The tax benefit comes with certain regulatory provisions. These regulatory provisions make the ELSS funds distinct from Diversified Equity Funds. The ...
Want to withdraw your investments from ELSS mutual funds? Read this detailed guide on how you can redeem your ELSS SIP investments.