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Mutual Funds Explained: Types, Examples, & Why They Matter! Understand different fund options, see real-world examples, & make informed investment decisions.
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...
Moreover, financial advisors say the chances of generating a higher real rate of return – i.e., taking into account the impact of inflation – is greater for ELSS investments, as compared to other tax-saving instruments under Section 80C of the Income-Tax Act. ...
ELSS or tax saving mutual funds come under the section 80C of the Income Tax Act, 1961 and qualify for a deduction of up to INR 1, 50,000 for a financial year. The majority of the investment gets invested in equity stocks. There is a lock-in period of 3 years on the ELSS investmen...
Equity Linked Savings Schemes (ELSS) are mutual funds that offer tax benefits under Section 80C of the Income Tax Act. ELSS funds can be an excellent choice for education planning while also providing tax savings. Building Your Dream Home ...
Tax Saving Funds– Tax saving funds such as Equity Linked Savings Schemes (ELSS) help you save on taxes under Section 80C of the Income Tax Act, 1961, while you grow your money by investing in the fund. Index Funds/Exchange-Traded Funds– Index Mutual Funds are passively managed fund which...
Scheme NameBajaj Finserv ELSS Tax Saver Fund Objective of SchemeTo generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related securities while offering deduction on such investment made in the scheme under Section 80C of the Income Tax Act, 1961. ...
For example, if you invest in Equity Linked Savings Scheme (ELSS) mutual funds, you can get a tax deduction of up to INR 1.5 lakh per year under Section 80C of the Income Tax Act. Also, any profits you make from ELSS mutual funds up to INR 1 lakh per year are tax-free. However,...
Track L&T ELSS funds latest NAV, historical returns, performance, ratings by CRISIL, morningstar etc & fund manager details that invest in large, mid-cap & small-cap companies.