Benefit of compounding- Mutual funds have the potential to offer higher returns, thanks to the concept of compound interest, where the returns earned on your principal investment also earn returns. Expert Fund Management– Mutual funds are managed by professional experts which ensures that your money...
Considering a longer investment horizon, consider sector-specific funds focused on real estate and construction. These funds can benefit from these industries' growth, aligning well with your home-buying aspirations. Whether it's a comfortable retirement, your child's education, ...
The investments under this type of scheme are subject to a lock-in period of 3 years and, as per the Finance Act 2005, are allowed the benefit of income deduction up to Rs 1, 00,000. Thematic: These schemes invest in various sectors but restrict themselves to a particular theme e.g....
Convenient and quick: The primary benefit of investing in Mutual Funds online is the fact that it is quick and hassle-free. All you need to do it is select a fund, visit the portal, fill up the application and you are done. Easy comparison:There are numerous independent research portals ...
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 to Rs 1,50,000 annually, which can help you save Rs 46,800 in tax. Features of an ELSS Mutual Fund: Dual Benefit ELSS...
MIPs are hybrid debtoriented mutual fund products.They are great places to park money if you have a2-3 year horizon.The majority of the money in this case is invested in debt and the NAVs fall when the interest rates rise.Currently the equity markets are showing some weakness and the inte...
ELSS mutual funds come with a cost, and it is called the expense ratio. Though SEBI has capped the expense ratio at 2.5%, the investors have to bear these costs. TheNAVthat is published every day by the fund houses is after accounting for the expense ratio. Hence, investors have to com...
Simplicity is not the only benefit of mutual funds. This form of investment is also versatile as it is used by both—experts as well as beginners. Investors will be able to get short-term or long-term savings, automatic credit, systematic withdrawal, dividends out of mutual fund investments....
The voluntary retirement schemes like Mutual Fund pension schemes, Insurance Pension schemes, PPF, National Pension Scheme (NPS) etc. are available in India for general public. Mutual fund pension schemes besides providing tax benefit under section 80C of IT Act, also have the potentiality of ...
Equity-Linked Savings Scheme (ELSS) is an equity mutual fund investment that invests at least 80 per cent of its assets in equity and equity-related instruments. ELSS can be open-ended or close ended. Investments in an ELSS qualify for tax deductions under Section 80C of the Income Tax Act...