Equity Linked Saving Schemes (ELSS) are the best tax saving mutual funds. ELSS mutual funds fall under the diversifiedequity mutual fundscategory. This equity fund invests at least 80% of its assets in equity and equity-related instruments, part of the corpus is invested in debt as well. ELS...
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.
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 ...
ESG investingorSustainable investingrefers to investing in companies that meet highenvironmental, social, and governance standards. For example, companies that deal with Alcohol, tobacco, gambling, or adult entertainment are not considered meeting ESG parameters. ESG investing is becoming more than a pub...
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-...
Anything more than a year is subject to LTCG. ELSS (Equity-Linked Savings Schemes) qualify for a tax deduction under Section 80C of the Indian Income Tax Act. LTCG on ELSS will apply under the current income tax rules. Are you investing inequity mutual fundswith an expectation o...
International Mutual Funds An individual who does not have exposure in international stocks has three ways of doing it. One is by using the liberalised remittance scheme to directly invest in equities abroad. The second is to buy a pure international fund and the third is to invest in a mul...
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, and the money is credited to your account in 48 ...
Fund of funds is a Mutual Fund which utilises its pool of resources to invest in various other kinds of mutual funds available in the market. Read more about it at Kotak Securities.
Minimise Tax Liability: Apart from growing or preserving capital, tax benefits also motivate investors. The Income Tax Act, 1961 allows tax exemptions for investments in options like Unit Linked Insurance Plans (ULIPs), Public Provident Fund (PPF), and Equity Linked Savings Schemes (ELSS). These...