Tax exemption:ELSS, which is a specific class of funds, are exempt from taxation under section 80C of Income Tax Act 1961 for a limit of INR 1.5 lakhs. Choice of Investment: Depending upon your financial goals, you can choose to invest in the appropriate category of mutual funds available ...
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,...
The advantage of borrowing against Mutual Funds is that your units do not need to be redeemed prematurely, keeping your systematic investment plan (SIP) intact. Loans against hybrid Mutual Funds can be availed at any bank or non-banking financial company (NBFC), with your Mutual Fund units pl...
In simple terms Equity linked saving schemes (ELSS) are those which provide the investor, tax exemption/rebates under section 80C. Under this section, a tax payer can get exemption up to Rs 1 lakh by investing in various investment options like PPF, ELSS, Tax saving FD, NSC etc., However...
Mutual-Fund Exemption Is Received From the SEC.Reports on the exemption received by Yahoo! Inc. from the United States Securities and Exchange Commission from being classified as a mutual fund. Rules on mutual funds; Stock price of Yahoo in the Nasdaq Stock Market on May 19, 2000....
Tax planning mutual funds are appropriate for tax exemption goal; Closed ended equity funds are appropriate for long term planning and capital appreciation. Criteria for choice of fund An investor should choose the mutual fund scheme which is conducive to his goals in mind. ...
Therefore, before choosing the best mutual bond funds to invest in that give tax exemption to the investors, one should consider the other underlying factors (like municipal bonds rates) that contribute to a safe investment. Factors like liquidity, returns, or safety of a municipal bond fund, ...
An asset management company (AMC), also referred to as a fund house, pools money from several investors in a mutual fund and puts it into a wide range of asset classes. The fund is professionally managed, i.e., the investment decisions and strategies are taken by one or a group of mon...
Customers should seek for independent and professional / financial / tax advice if needed. • Investment risk: The Fund is an investment fund. There is no guarantee of the repayment of principal or payment of dividend or distribution. Further, there is no guarantee that the Fund will be ...
The investors are, however, taxed on the withdrawals made by them from the fund. If the investor avails disbursal of total tax retirement funds, such proceeds are fully tax exempted for Government employees. In the case of non-government employees, such exemption is partially available ...