Equity Linked Saving Scheme (ELSS) or a tax saving mutual fund schemes helps investors to save taxes under Section 80C of the Income Tax Act 1961. The investments in ELSS are subject to a lock-in period of 3 years and qualify for a tax deduction of up to Rs 1.5 lakh...
Insurance gives you the double benefit of financial security for your loved ones and tax saving. Premiums paid up to ₹1,50,000 in life insurance schemes are exempt from tax under Section 80C subject to conditions. Additionally, if the policy pays you an amount on maturity (like in Saving...
Discover the tax-saving benefits of investing in Equity-Linked Savings Scheme (ELSS) mutual funds. Learn how ELSS mutual funds provide exposure to the stock market.
Tax Saving Schemes: Make Investment in ELSS mutual fund, NPS (Pension Plan), Health & Term Insurance to save tax up to ₹78,000 under section 80C,80CCD & 80D.
The objective of this research paper is to analyze the performance of ELSS schemes of various AMCs, analyze the performance of tax saving options available to investors in India and compare the performance of ELSS schemes of various AMCs. This paper also attempts to compare the expected return ...
This is a common question that I am asked quite often, more so during the tax saving season. Choosing between the ever so popular Public Provident Fund (PPF) and Equity-linked Saving Schemes (ELSS). To be fair, comparing one to the other isn’t exactly correct. But I will get to that...
ELSS or Equity Linked Saving Scheme funds are tax-saving mutual funds, in which the majority of the funds are invested in equity schemes. The investments in ELSS receive tax benefits under section 80C of the Income Tax Act. What is the lock-in period in ELSS Mutual Funds? What is the ma...
Unit Linked Insurance Plans (ULIP) and Equity Linked Saving Schemes (ELSS) are both tax-saving investment opportunities. But functionally, there is nothing common between them. If you have to choose between the two, you must consider two things – your financial objectives and long-term goals....
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 ...
There are many tax-saving instruments for the investors- PPF, FD, & NSC to name a few popular. The only setback with these schemes is- restricted returns. Here, the ELSS fund is different. The returns on the ELSS are higher even when the markets are trending on the bullish. Post-tax ...