International Mutual Funds are the funds that allow investors to invest in the stock market beyond their country in their own currency. For example, a person living in India can invest in the stock market of the USA which is beyond their domestic boundaries, in Rupees. It enables Indian inves...
Learn about ELSS Mutual Funds, a tax-saving investment option in India. Understand how ELSS funds work and their benefits for long-term wealth creation.
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 loc...
Franklin India Ultra Short Duration Fund Fixed Income Money Market 0 Year Old Fund Unique Investors As of 31/12/2024 0 Fund Size - Annualized Returns NA Check performance One-time KYC (Know Your Customer): One...
Understanding ELSS Funds or Equity Linked Saving Schemes Understanding Equity Saving Funds, Arbitrage, Taxation ESG Investing is still in a nascent stage in India but slowly it is picking up. Many Mutual Funds have come up with ESG NFOs. There are no uniform standards for ESG yet. For portfol...
However, please note there are also tax-saving equity funds such as the Equity Linked Saving Scheme (ELSS funds). Such investments are exempt under Section 80C but come with a lock-in period of three years. Tax on Dividend from Equity Mutual Funds ...
Redemption:When you exit from a fund, it means you’re redeeming the units. You can redeem funds at any point. Some funds, like ELSS funds, have a lock-in period of three years during which you cannot redeem. When you apply for redemption, your units are sold at the prevailing NAV, ...
Here, large & mid-cap funds appear at the top. ELSS funds secure the next spot. Focused funds, which had appeared at the top earlier, are in the second-last spot. The Nifty 50 TRI is ahead of three categories. So, this was the returns picture of the 5 core fund categories. What ...
This is the main advantage of the mutual funds.There are different categories of these funds. Some of them are known as equity mutual fund and invest most of the money in equity market (share market) and give handsome return in an increasing market. Then there are balanced funds which ...
In the previous section, we got to know about the various types of financial markets funds. Let us see the various advantages offered by mutual funds: Tax Efficiency Under Section 80C of the Income Tax Act, 1961, you are able to invest in tax-saving mutual funds known as ELSS (Equity ...