ELSS is suitable for people who have good knowledge and are keen to take risks. They are the best investment option when it comes to saving and growing money. With the varied number of ELSS funds available in the market, selecting an ELSS mutual fund that suits your individual requirement ...
The total number of accounts (or folios as per mutual fund parlance) as on December 31, 2017, stood at 6.65 crores (66.5 million), while the number of folios under Equity, ELSS and Balanced schemes, wherein the maximum investment is from retail segment stood at 5.46 crore (54.6 million)....
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The various important risk ratios of the above ELSS Tax Saving funds are as below; The final list of best ELSS Funds as per my analysis are; Franklin Taxshield, Axis Long Term Equity Fund & Aditya Birla Tax Relief ’96 Fund. Past Returns: The returns generated by these Franklin Tax shiel...
ELSS Funds Top 10 Most Handsome Man In The World 2021 Top 10 Richest Countries Top 10 Richest People in India Top 10 Hollywood Actress Top 10 Horror Movies on Netflix Top 10 Instant Loan Apps in India Top 10 Strongest Anime Characters Top 10 Spotify Artists Top 10 Banks In World Top 10...
ELSS Funds Top 10 Most Handsome Man In The World 2021 Top 10 Richest Countries Top 10 Richest People in India Top 10 Hollywood Actress Top 10 Horror Movies on Netflix Top 10 Instant Loan Apps in India Top 10 Strongest Anime Characters Top 10 Spotify Artists Top 10 Banks In World Top 10...
No mutual fund except for an ELSS fund helps you save your taxes. The others, in fact, incur a tax cost deducted from your NAV, pulling your NAV down by a particular percentage, which is one major disadvantage you wouldn’t want to get into. ELSS funds also have a lock-in period of...
For investments done before March 31st, 2023, the gains arising from debt mutual funds are taxed under Capital Gains depending on the holding period of the investment. Short Term Capital Gain:STCG arises if the investment is held for less than 3 years from the date of investment in the fund...
ELSS If you want to invest in mutual funds in an aligned manner, Equity-linked Savings Schemes may be the plan for you. Besides being a disciplined way to stay invested in mutual funds, ELSS also offers you tax savings. These plans usually come with a lock-in period of three years. ...
5 Golden Tips to Maximise ELSS Fund Returns ELSS or Equity Linked Savings Scheme is a type of diversified equity-oriented scheme which comes with a lock-in period of 3 years. By investing in this type of scheme, one will get tax exemptions u/s 80C of the IT Act 1961. A key interestin...