Related Read: How Mutual Fund Investments are Taxed in India How to Invest in ELSS Funds Growth option: When you go for the growth option, you will not receive benefits in the form of dividends. As an investor, you will get the gains only at the time of redemption. This helps in the...
Redemption/sale of mutual funds is taxed from rates as low as 0% (long-term capital gain on equity or hybrid or balanced fund of less than Rs. 1 lakh in a year) up to 30% (highest tax slab on short-term capital gain on debt fund). Conclusion Mutual Funds are known to outperform ...
Liquidity: The ELSS fund comes with three year lock-in period. From the date of investment, the invested funds are locked in for three years and the holdings can be redeemed post completion of the lock-in period. Even in case of investor death, nominee has also to wait for redemption til...
Capital gains come into play when one redeems the Mutual Fund Units.If one sells an asset such as bonds, shares, mutual fund units, property etc, one must pay tax on the profit earned from it. This profit is called Capital Gains. The tax paid on this amount of capital gains is called...
Tata ELSS Tax Saver Fund Direct-Growth is a ELSS mutual fund scheme from Tata Mutual Fund. This fund has been in existence for 10 yrs 1 m, having been launched on 13/10/2014. Tata ELSS Tax Saver Fund Direct-Growth has ₹4,680 Crores worth of assets under management (AUM) as on ...
The Mutual Funds where equity holding is more than 65% of the total portfolio are categorized asEquity Funds.Securities Transaction Tax (STT) is levied on redemption of Equity Mutual Funds irrespective of the holding period Other Mutual Funds come under Non Equity categoryExamples: Debt Funds, Liq...
The current Net Asset Value (NAV) of the Aditya Birla Sun Life ELSS Tax Saver Fund - Direct Growth plan is approximately₹65.98as of Dec 13, 2024. How do I invest in Aditya Birla Sun Life ELSS Tax Saver Fund? Investing in this mutual fund scheme on ET Money is fast, easy, and co...