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...
ELSS funds are the best tax saving investment option. They fall under the diversified equity category as they invest 80% of their assets in equity and equity related instruments. These tax savings mutual funds qualify for tax exemption of INR 1.5 lakh undersection 80Cof the Income Tax Act, 19...
ELSS Mutual Funds also known as tax saver mutual funds under Section 80C, offering long-term wealth creation. Explore the list of elss funds based on various factors like NAV, performance, ratings, and returns before investing.
however, the exception of 5-year tax-saving fixed deposits that come with certain tax benefits. If you hold a five year FD, you can seek tax exemption under Section 80C of the Income Tax Act. In the case of mutual funds, you are required to pay ...
Here we have given a detailed comparison between PPF and mutual funds, read more to understand. the terms PPf versus mutual funds
Here are 3 surprising facts about mutual funds that you should be aware of. If you are about to invest in mutual funds, then don’t forget to check these facts that will help you take the right decision.
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...
Tax saving mutual funds offer a tax benefit for investors. Investors can claim tax exemption on their investments up to INR 1,50,000 under Section 80C of the Income Tax Act, 1961, for a financial year. However, tax saving mutual funds investments have a lock-in period of three years. Al...
Equity Linked Savings Scheme (ELSS) are the only ones currently that offer tax exemption on the invested amount. These funds invest primarily in the equity market and have a lock-in period of three years. These funds are ideal for investors who wish to get tax deductions on their current ...
Thematic Equity Funds:Fund managers invest in stocks that are based on a specific theme or sector, such as technology, healthcare, or infrastructure. Equity-Linked Savings Scheme (ELSS):These investment options support tax benefits under Section 80C of the Income Tax Act, with a mandatory lock-...