Thu, Mar 21, 2024
Top 7 ELSS Funds: Equity Linked Savings Scheme (ELSS) is a category of mutual fund that is known as the tax saver. Its standout feature is that deposits up to Rs 1.50 lakh in ELSS fund(s) are tax exempted under Section 80C of the Income Tax Act. But they are not just a tool to save tax, many of the ELSS funds have given returns above 17 per cent in the last 10 years. The top-most fund, Quant ELSS Tax Saver Fund, has beaten the Nifty 50 benchmark comprehensively. Know about the top 7 ELLS funds in the last decade, and how an investment of Rs 1 lakh in each of these funds has grown to-
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Tue, Jan 23, 2024
Quant ELSS Tax Saver Fund has been the best performing Equity Linked Saving Scheme (ELSS) mutual fund in the last three years. On the other hand, Quant Small Cap Fund has topped the small-cap mutual fund category in terms of returns in the last three years. But what if one had invested Rs 10 lakh in a lump sum three years back in each of the mutual funds? Which investment would have given them better returns after paying the long-term capital gains tax and availing tax benefits up to Rs 1.50 lakh under Section 80C of the Income Tax Act. Know the difference in our story.
Wed, Jun 22, 2022
ELSS Vs Gold Mutual Fund: ELSS has a lock-in period of 3 years. That is, you cannot withdraw your invested money for 3 years. This is a good feature of this scheme. Its lock-in period is very less compared to other schemes. One can start with a Systematic Investment Plan (SIP) in ELSS with just Rs.500. However, you can invest as much as you want in it. whereas, gold Mutual Funds are open-ended investment products that invest in gold Exchange Traded Funds (Gold ETFs) and their Net Asset Value (NAV) is linked to the performance of the ETFs. In this, you can start with an investment of Rs 500.
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