Under the growth option, the investor gets the gains only at the time of redemptions. Appreciation in the totalNAVof the ELSS mutual fund multiplies the profits. Investors are not entitled to benefits in the form of dividends. Mutual fund returns are subject to market risks, and so are the...
Bank statement or copy of passbook IT return or pay slip if you are interested in the derivative or currency market Charges associated with opening a demat account The various charges associated with opening a demat account are as follows: Account opening fee You need to pay a certain fee...
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...
Copy of latest Form 16 / Full and Final Tax computation statement certifying Earnings and Deductions from your previous employer Also Read:11 Tax Free Components You Must have in Salary Useful Tips: 1. Last date of submission of investment proofs differs employer to employer. You will get to k...
You may receive an email or an account statement. Costs Involved in Mutual Funds Investing You will incur the following costs while investing in mutual funds. 1. Expense Ratio: The percentage of average assets under management that AMCs spend on these costs is the expense ratio. For instance,...