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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Mon, Mar 18, 2024
In terms of tax-saving investments, Equity Linked Saving Scheme (ELSS) — in the form of schemes like HDFC ELSS Tax saver fund — have emerged as an investment offering investors dual benefit of tax saving and potential wealth creation.
Fri, Mar 08, 2024
And hence an investor will only be required to pay long-term capital gains tax at 10 per cent on the gains exceeding Rs 1 lakh overall at the time of redemption.
Wed, Jun 07, 2017
HDFC Mutual Fund plans to launch a close-ended thematic equity scheme HDFC Housing Opportunities Fund.
Fri, May 19, 2017
The contribution of the country's smaller towns-- beyond-15 cities (B15) in industry parlance -- to mutual funds' (MFs) asset base surged 41% to Rs 3.09 lakh crore by March-end.
Thu, Jan 26, 2017
Financial year is ending and everyone is scuttling to invest in mutual funds to take advantage of Income Tax Act Section 80C.
Mon, Jan 09, 2017
Starting January, you will be running around to make investments in tax-saving instruments or collect proofs for such investments already made. Most of us are aware of the tax deductions available for premium paid for life insurance and pension plans, investments made in ELSS, PPF and EPF and principal repaid on a housing loan. However, there are many lesser known tax benefits you can use to reduce your tax liability. In this post, I shall focus on a few such lesser known income tax deductions or exemptions.
Fri, May 20, 2016
SIPs are beneficial for their own reasons, but also because investing in lump sum has many pitfalls. When you invest lump sum in an equity mutual fund, you run the risk of catching a market peak.
Tue, May 03, 2016
Managing finance and investments has become much more complex today than it ever was. Inflation has made it difficult to fulfil even the basic minimum needs such as buying a flat or children’s education.
Tue, Apr 19, 2016
There are many schemes that the Indian government has initiated to reinforce India’s economic development and the financial stability of its citizens.
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