By investing this amount in an ELSS, one can save up to ₹46,800 a year in tax outgo. Tax benefits of ELSS Mutual Funds ELSS mutual fund is the only category of mutual fund that comes with the tax benefit. Let’s understand in detail about the ELSS tax benefits: As per the ...
Equity-Linked Saving Schemes (ELSS), or tax-saving funds, are equity-oriented mutual funds that offer tax benefits under Section 80C of the Income Tax Act. ELSS funds have a lock-in period of three years, providing an opportunity for long-term wealth creation while reducing taxable income. E...
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.
Kotak Tax Saver Fund ET Money rankings are dynamic and subject to change. You can cross-check the list ofbest ELSS fundsby clicking here. Further, you can check outELSS Returns Calculatorto know the wealth different ELSS funds would have helped you generate. ...
Using individual mutual fund house Even if you have purchased the funds via a distributor, financial advisor or broker, you can always log in to the mutual fund online portal and make the switch directly. For example, in this case, I have invested in Axis bluechip regular plan and to make...
Q. Can I invest 1000 Rs in mutual funds? Ans. Yes, you can start investing in mutual funds for as low as ₹1000 on the Cube Wealth app. Cube gives you access to curated mutual funds from categories like liquid funds, internatinoal funds, equity funds, debt funds, ELSS funds, and ...
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 in mutual funds comfortable for beginners, here are some important aspects to be noted before proceeding with a ...
Want to buy a mutual funds which has given 105% return in 2009? Go ahead… How do most of the people choose a mutual fund? Let us try it once! Go to Valueresearchonline.com and find Top 10 funds across all the equity funds with 1 yrs performance. Below is the example of the page...
Before moving forward, let’s understand why do we buy Mutual funds at the first place? We sometimesneglect the basic reason to invest in mutual funds, the reason is very simple: We invest in Mutual Fund because we have money to invest but we dont have the expertise to invest in Stock ...
How does Kotak Mahindra Bank manage to pay 6% interest on SB accounts? Can I add Aadhaar number to two different bank accounts? What is KIT number in SBI internet banking? How can I transfer my mutual funds (ELSS) from Paisabazaar to a stockbroker (Zerodha)? How do I find my debit ca...