4. What is the difference between ELSS and equity mutual funds? Ans.ELSS (Equity-Linked Savings Scheme) is a type of equity mutual fund that offers tax benefits under Section 80C of the Income Tax Act. 5. What is the difference between equity and debt mutual funds? Ans.Equity mutual fund...
Thus purchasing the units of an ELSS scheme is a great way to invest for the long term. It can certainly give you good capital gains when the markets do well. Some of the important features of an ELSS are: An ELSS is a type of mutual fund. It is an equity mutual fund, so most ...
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...
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 The Union Budget of 2020 changed the rules...
Yes it is possible and that too legally. An employee can plan taxes and increase the take home. If employee invests Rs 1, lakh in tax saving instruments, Section 80C such as PPF, Equity Linked Saving Scheme(ELSS) etc he can save taxes. So now employee in above example will be taxed ...
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.
Under this option, the investor can choose to reinvest dividends received into the same scheme. This option is favorable when the markets are doing well and are likely to continue in the same way. Upon choosing the type of ELSS fund, the investor can invest either through a lump sum amount...
What is the difference between open-end and closed-end mutual funds? Which type tends to be more specialized? What is the best ELSS fund for 2018? What is a 12(b)-1 fund? Can such a fund operate as a no-load fund? What brokerage firm should I to use to invest while on an H1-...
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 multi-cap fund which also ...
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.