ELSS, or Equity Linked Saving Schemes, are mutual funds that invest in equities and allocate some funds to the debt market. They are categorised as tax-saving mutual funds that fall under Section 80C of the Income Tax Act. Under this act, ELSS funds allow you to claim deductions of up ...
Chances for higher returns: While you would get fixed returns in other tax saving options, if you invest in Best ELSS mutual funds, the returns would depend upon the equity markets and mutual fund scheme performance and there are greater chances that you would get higher returns compared to ot...
ELSS Tax saving mutual funds help you to save tax with mutual funds investment schemes such as Tax Saver Fund. Investments funds with 3 years lock-in period to generate long term capital gains.
ELSS mutual funds asset allocation includes investment in the equity and equity-linked securities i.e. listed shares. The portfolio can also include exposure to fixed income securities too. ELSS fund comes with the 3 year lock-in period which is the shortest amongst all othertax-saving schemesun...
Tax saving is your top most priority but you don’t want to keep your money locked-in for a long period of time? Investing in Mutual Funds is the solution to all these important money matters. As an investment avenue, Mutual Funds offer inflation-beating and tax-efficient returns. They of...
International funds are treated at par with debt mutual funds from a taxation perspective. If the investors sell the units of the funds before a period of less than 3 years, investors will have to pay short-term capital gains tax as per the slab rate applicable to the investor.Where the ...
When categorized on the basis of investment objective, mutual funds can be of seven types, namely: Fixed income funds Equity funds Tax saving funds Balances funds Money market funds Gilt funds Exchange-traded funds (ETFs) When classified according to structure, mutual funds can be of these two ...
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When you invest your tax refund, remember mutual funds are bestRuss Wiles
SWP vs IDCW Payout - Which option is more tax-efficient? A Systematic Withdrawal Plan (SWP) helps you achieve your goal and at the same time helps your corpus compound. Waiting for the right time to invest? Maximum Drawdown is a measure of the biggest drop in the value of an investment...