Carry out your own research and analysis –This is considered to be the first step toward your career in investment. The purpose of this self-assessment is to understand the various vehicles in which you can put your money. Relying on someone’s advice, like any investment advisor, will not...
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...
Equity-Linked Savings Scheme (ELSS):These investment options support tax benefits under Section 80C of the Income Tax Act, with a mandatory lock-in period of three years. Short-Term Equity Funds:They focus on stocks expected to perform well in the short term, typically less than three years....
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.
Learn what is mutual fund - A mutual fund is an investment instrument that pools money from various investors to invest in stocks, bonds, or other securities. Mutual Fund Types: Equity, Debt, Hybrid.
A vital investment objective, capital gain or capital appreciation, is when you wish to grow your wealth. While safety is crucial, many people majorly invest money for it to grow. One can achieve capital gains through conservative growth, aggressive growth, and speculation. ...
Interest earned on RDs is taxable. If you're in a higher tax bracket, explore tax-saving options like Equity-Linked Saving Schemes (ELSS) for better returns. Final note Now that you know what a Recurring Deposit is, along with its features and benefits, you can consider this investment veh...
For direct ELSS investment, you need to go to the mutual fund website. On the website, you will find two options to invest. First, a quick method to invest directly without creating an account and the second is to create a new account using the “New User Option”. ...
5. Implement Your Plan Open a brokerage account and start executing your investment strategy based on thorough research and a well-defined plan. 6. Stay Informed Stay updated on market developments and news that may impact your investments. Consistent learning is vital for achieving success in the...
(f) Debt Mutual Funds-Types and Investment Philosophies(g) Know the basics of ELSS: The tax-saver and wealth-enhancerYou may search for these articles in the Articles section and read these articles for better understanding. Feel free to ask further questions. (a) Those who have forgotten ...