lock-in period of three years. When you invest in Axis MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income. It reduces your overall tax ...
Tax-Saving:Equity Linked Savings Schemes have a lock-in of 3 years and the investments are eligible for exemption under section 80C. The risk element for these funds is higher, but they also generate higher returns. Sectoral/Thematic Funds:These funds invest in stocks of a particular sector on...
For example – Real Estate mutual funds will only invest in those companies which are in real estate business or sector. The returns of the investment also depend on the performance of the particular sector. Index Funds The index fund is a type of investment which is made to match the ...
their investments. Equity Linked Saving Scheme is the type of mutual fund which is eligible for the tax deductions u/s 80C of the Income Tax Act, 1961. Under this tax saver investment, investors can claim a tax rebate of up to ₹1,50,000 and save taxes up to ₹46,800 per year....
What are the Benefits of Investing in a Mutual Fund? In today’s day and age, investment options are necessary to ensure financial security for you and your family. Here are some advantages of Mutual funds. Easy to Understand: They are an ideal option for investors who may not know much ...
An Equity-Linked Savings Scheme (ELSS) is an equity mutual fund eligible for tax deductions of up to ₹1.5 lakh under section 80C. ELSS mutual funds have a compulsory lock-in period of 3 years, which is the key parameter for the tax break. With ELSS funds, investors can get low-cost...
Mutual Funds Explained: Types, Examples, & Why They Matter! Understand different fund options, see real-world examples, & make informed investment decisions.
Though investment in ELSS funds qualifies for tax deduction under Section 80C of the Income Tax Act, 1961, the returns are taxable. Since these funds majorly invest in equities, they are treated asequity mutual fundsfor the purpose of taxation. Also, since they have a lock-in of 3 years,...
Experienced fund managers handle mutual funds, aligning with investors’ goals. Tax benefits An ELSS investment is eligible for tax benefits (up to Rs. 1.5 lakh) under section 80C. Diversification Mutual Funds provide diversification across various assets, reducing the overall impact of potential losse...
Finally, we examine the role of large investment banks in providing an advantage to large fund families. Family size was positively associated with the extent to which funds traded in the same direction as forecast revisions by analysts from large investment banks in the period prior to Reg FD ...