If you invest for more than five years, the risk is much lower. Like all equity investments, the best way to start investing in an ELSS is through monthly SIPs. SIPs in an ELSS fund help you accumulate more units when the market is in the red and generate good returns when the ...
ELSS are mutual fund schemes that invest at least 80% of their net assets in equities. If you’re looking for mutual fund tax benefits, this is the scheme you want. Money invested in an ELSS is deductible up to ₹1.5 lakh u/s 80C of the Income Tax Act, 1961. Notice that section...
How much do investments get taxed? Long-term capital gains tax is a tax on profits from the sale of an asset held for longer than a year. Long-term capital gains tax rates are0%, 15% or 20%depending on your taxable income and filing status. Long-term capital gains tax rates are usu...
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.
Dividend Distribution Tax (or DDT) is deducted and paid by fund houses before they pay the dividends to investors. So dividends at the hand of investors is tax-free. And how much is the DDT being paid? The rates are different for equity and debt funds: ...
Consultation from experts –If these things are too much for you, consider having expert advice. It is regarded as a healthy practice for novices. Conclusion In the blog “What is Investment?” we introduced you to the domain of investment. It is an essential aspect of personal and economic...
Hi…can you write about how a freelancer can save his tax if he is earning between 10 lacs per annum. I had searched everywhere but I don't get anything on website Reply Swaroopsays: November 8, 2017 at 7:44 am Thank you so much, You helped me literally 🙂 ...
The returns are more or less equal to the benchmark, except a small difference known as tracking error. The fund manager often tries to dial down this error as much as possible. Index Funds vs. Actively Manage...
As for the mutual funds, again I try to keep the list small. One of the three funds is an ELSS (for tax-saving purpose) and the other two are diversified equity schemes. Mutual funds are around 10% of my equity portfolio, and I use them as a diversification tool (like international ...
Under Section 80C of the Income Tax Act – 1961, a person can reduce their taxable income by as much as Rs. 1.5 lakhs by investing in an ELSS fund. ELSS or Equity-linked savings schemes are tax-saving equity mutual funds. Things to consider as a first-time investor To make investing...