Lower tax on gains – only long-term capital gains above Rs 1 lakh are taxed at 10% To know more about investing in ELSS Mutual Funds funds refer our blog articles here :www.dbs.com/digibank/in/learn/articles/mutual-fund-that-helps-you-save-tax ...
With systematic investment plans (SIPs), you can invest a fixed sum each month on a predetermined date in the ELSS mutual fund scheme of your choice. This encourages the habit of saving and provides a sense of discipline without requiring a large investment at the end of the fiscal year. ...
How to choose the Best ELSS Mutual Fund? Below are steps on how to choose the best ELSS mutual fund for you: Investment Strategy: ELSS funds employ different investment strategies for returns delivery. Some focus on large-cap stocks, while others emphasise on a higher exposure to mid and ...
Discover the tax-saving benefits of investing in Equity-Linked Savings Scheme (ELSS) mutual funds. Learn how ELSS mutual funds provide exposure to the stock market.
Equity Linked Savings Scheme (ELSS) are open-ended Equity Mutual Funds. When an investor puts in any amount in such funds, the investment qualifies for deduction under section 80C of the Income Tax Act. As such, if the investor puts in Rs. 1,50,000/- (maximum allowed deduction under sec...
Here, the ELSS fund is different. The returns on the ELSS are higher even when the markets are trending on the bullish. Post-tax returns, ELSS mutual fund is much attractive than the other tax-saving schemes. Factors to consider while investing in ELSS fund: Before investing in ELSS fund ...
. Also, you may invest in direct plans of ELSS Funds on Paytm Money App. The direct plans have a lower expense ratio which helps you to earn up to 1% higher returns than regular plans. If choosing the right fund seems tricky, then you can also explore ‘Investment Packs’ on our app...
How to invest in ELSS? You can invest in ELSS through Standard Chartered using Online Mutual Funds (OMF). We bring you funds from over 17 AMCs, giving you a wide range of funds to invest in. Simply follow these steps: Log on to online banking; Click on ‘Online Mutual Fund’; Brow...
Q.What are the benefits of ELSS? Q.How does ELSS allow me to save on taxes? Q.Who should invest in ELSS? Q.How do I invest? SIP or Lump Sum? Q.Are the returns on ELSS taxable? Q.How to use this tax saving calculator?
Based on your needs and existing tax saving investments Fast, easy and paperless Transaction takes less than 10 minutes. 100% paperless process Download ET Money app to maximize your tax savings Under 80C ELSS Mutual Funds Equity Linked Savings Scheme or ELSS are tax saving mutual funds where yo...