Why Should You Invest in ELSS in 2023? To understand why it is an excellent investment option for the New Year, we have to look at the benefits of ELSS Mutual Funds. They are as follows: Wealth Creation: Firstly, ELSS enables you to invest in the equities market for the longer term....
UTI Mutual Fund is one of the leading asset management companies in India. Learn about mutual funds, NAV, SIP, etc. and invest in mutual fund schemes online.
Tax Saving Funds– Tax saving funds such as Equity Linked Savings Schemes (ELSS) help you save on taxes under Section 80C of the Income Tax Act, 1961, while you grow your money by investing in the fund. Index Funds/Exchange-Traded Funds– Index Mutual Funds are passively managed fund which...
Mutual Fund Investment - PGIM India Mutual Fund is one of the leading mutual fund companies in India offering various types of mutual fund schemes.
Before investing in ELSS fund it is important to consider the following factors: Investment goal:To invest in an ELSS mutual fund it is important to have an investment of more than 5 years. This is to mitigate the market volatility from the equity exposure in ELSS mutual funds. ...
Tax benefits (ELSS Funds) So as a beginner, how can you start investing in mutual funds? And what should you remember before beginning your investment journey? We’ll walk you through these questions and more in this blog. What Is A Mutual Fund?
Types of Equity Funds include Diversified Equity Funds, Large-Cap Funds, Mid-Cap Funds, & Small-Cap Funds, Sector specific funds & Tax Saving Funds (ELSS). Debt Funds: They invest in debt papers issued by government authorities, private companies, banks & financial institutions. They ensure ...
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....
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