The field of investment offers you various opportunities to enhance your fund generation. To understand investment better, you should have a glimpse of the sectors in which you can invest. Below mentioned are the different types of investments in which you can put your money and expect a good ...
Under Section 80C of the Income Tax Act, 1961, you are able to invest in tax-saving mutual funds known as ELSS (Equity Linked Savings Scheme) that are eligible for a tax deduction of up to Rs 1.5 lakh each year. Diversification Mutual funds may contain hundreds or thousands of securities...
These are ELSS funds (Equity Linked Savings Scheme) and investment in these equity funds qualify for tax exemption under Section 80C of the Income Tax Act, 1961. Returns from mutual funds can be calculated using the mutual fund calculator. One can use a SIP calculator or lumpsum returns ...
Top ELSS funds have the potential to earn higher returns than other tax saving instruments likePPForNPS. These high returns are a result of the risk taken by the fund houses by investing in equities. Some best ELSS funds also invest in mid cap companies. These funds can generate higher retu...
However, close-ended funds allow redemption only at the time of the maturity of the mutual fund. Similarly, ELSS mutual funds have a lock-in period of three years. Tax Savings:Investment of up to Rs. 1,50,000 inELSS mutual fundsqualifies for tax benefit under section 80C of the Income ...
Understanding ELSS Funds or Equity Linked Saving Schemes Understanding Equity Saving Funds, Arbitrage, TaxationESG Investing is still in a nascent stage in India but slowly it is picking up. Many Mutual Funds have come up with ESG NFOs. There are no uniform standards for ESG yet. For portfolio...
A core portfolio: Diversified assets for stability & growth. Create yours with defined goals & risk assessment.
minute tax-saving investments, don’t be under the impression that you will do a lumpsum investment in the ELSS fund during the end of the financial year to save taxes and get it right every time. It may not work in your favour every time. So better take the SIP route for ELSS ...
ELSS means the equity-linked saving scheme, which is a tax preserving mutual fund. ELSS help investor to generate income as well as save tax. The primary purpose of investing ELSS fund is to utilize its taxation benefits.Answer and Explanation: ...
I have some spare funds of around 40,000 INR, which I am thinking of investing in mutual funds for a couple of months. What are the returns that I should be expecting? What is the best ELSS fund for 2018? Is it a good idea to invest 1 lakh (INR) in an index fund? I am think...