Some of the features of ELSS mutual funds include: Lock-in period: It comes with a minimum lock-in period of 3 years. Equity exposure: It invests at least 80% of the investment in equities. Tax saving: Investments in ELSS are eligible for tax deduction under section 80C, upto Rs 1.5 ...
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Equity Linked Saving Scheme (ELSS) or a tax saving mutual fund schemes helps investors to save taxes under Section 80C of the Income Tax Act 1961. The investments in ELSS are subject to a lock-in period of 3 years and qualify for a tax deduction of up to Rs 1.5 lakh...
Equity-Linked Saving Schemes (ELSS), or tax-saving funds, are equity-oriented mutual funds that offer tax benefits under Section 80C of the Income Tax Act. ELSS funds have a lock-in period of three years, providing an opportunity for long-term wealth creation while reducing taxable income. E...
Mutual Funds Invest Now What is ELSS? ELSS, or Equity Linked Saving Schemes, are mutual funds that invest in equities and allocate some funds to the debt market. They are categorised as tax-saving mutual funds that fall under Section 80C of the Income Tax Act. Under this act, ELSS ...
Is an ETF more tax-efficient than a mutual fund? In terms of capital gains and losses and dividends, tax law treats these the same for ETFs and mutual funds. However, one benefit of ETFs is that they often encounter fewer taxable events. Because ETFs trade on an exchange, they tr...
When you invest your tax refund, remember mutual funds are bestRuss Wiles
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Diversified Equity Funds 25.54% Equity: Sectoral-Banking and Financial Services 16.25% Equity: Sectoral-Infrastructure 31.94% Equity: Sectoral-Pharma and Healthcare 30.25% Equity: Sectoral-Technology 28.65% Hybrid: Aggressive 25.11% Equity Linked Saving Schemes (ELSS) ...
Oftentimes,investment advisorsmay suggest ETFs over mutual funds for investors looking for more tax efficiency. This advice is not a mere matter of the difference in taxes for ETFs vs. mutual funds, since both may be taxed the same, but rather a difference in the taxable income that the two...