Upon choosing the type of ELSS fund, the investor can invest either through a lump sum amount orSIPs. ELSS mutual funds are suitable for small investors as well, who wish to invest small and regular amounts to save tax. However, if an investor has a lump sum amount, they can also inve...
NPS is more of a retirement solution with partial exposure to equity and the invested amount is locked till the age of 60 years. With an ELSS fund, you have the shortest lock-in period of only three years. First-time investors: If you are a new investor, ELSS is an ideal choice, ...
What is ELSS? An Equity-Linked Savings Scheme (ELSS) is an equity mutual fund eligible for tax deductions of up to ₹1.5 lakh under section 80C. ELSS mutual funds have a compulsory lock-in period of 3 years, which is the key parameter for the tax break. With ELSS funds, investors ca...
In India, you can choose to invest in mutual funds in 1 or both of 2 ways: The Traditional Way Contact a bank or fund house representative Get a KYC form Fill the KYC form by adding relevant details such as mobile number, email ID, and so on ...
In the third step, parameters like the previous performance of an asset are considered an investment done in the selected asset. Types of Investment The field of investment offers you various opportunities to enhance your fund generation. To understand investment better, you should have a glimpse ...
the current volatile markets can put the investor in a fix of how to choose mutual fund to suite his/her needs Before you make an investment in mutual fund, first you need do some homework. Outlined below are several key questions to consider before investing in a particular mutual fund. ...
At this point, you may have to choose a user ID and password for carrying out transactions online. Provide the details of the bank account from which the SIP payments will be debited. Once the registration is complete at your end and the fund house has sent a confirmation, you are ready...
Investing in mutual funds can be done with easy steps. Here's everything you need to know about how to invest in mutual funds.
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.
Redemption:When you exit from a fund, it means you’re redeeming the units. You can redeem funds at any point. Some funds, like ELSS funds, have a lock-in period of three years during which you cannot redeem. When you apply for redemption, your units are sold at the prevailing NAV, ...