One, Equity Linked Savings Schemes or tax saving/planning mutual funds have a mandatory lock-in period of three years. But you should invest in equity mutual fund schemes, including ELSSs, only if you have an investment horizon of at least five to.
They are better off investing in the Senior Citizens' Saving Scheme, the Public Provident Fund or tax-saving fixed deposits, even though these safe and secure options figure lower in the ranking. Some of the ... The great returns they have generated in.
At any point during the financial year, many of them are at various stages of tax planning: some are thinking of investing immediately; some are looking for the best tax-saving option; some just want to know about the best tax-saving mutual fund scheme.
While building a mutual fund portfolio, it is advisable to invest your money into different mutual fund schemes such as large-cap funds, mid-cap funds, small-cap funds, mixed funds and ELSS funds. These mutual funds invest in a number of stocks and the.
MUMBAI: As part of its expansion plan, PPFAS Mutual Fund is planning to launch a liquid fund and an equity-linked saving scheme ( ELSS ) in the near future. However, the fledgling fund house, whose current assets under management (AUM) stood at Rs 750 .
Axis Mutual Fund has launched a campaign where it is urging the consumers to invest in ELSS tax saving instrument and cut down their taxes paid. It is that time of the year when saving taxes is of utmost importance to the employed class. And none can.
Over the same horizon, only Indian ELSS funds were style consistent. Exhibit 1: Survivorship and Style Consistency Over a Five-Year Investment Horizon Source: S&P Dow Jones Indices LLC, Morningstar, and Association of Mutual Funds in India. Data as of June.
However, that doesn't mean than you should invest your entire money in them. Mutual fund advisors say many new investors have invested more than the required Rs 1.5 lakh in ELSSs. Investments in ELSS qualify for a tax deduction of up to Rs 1.5 lakh .
Save income tax by March 31: Here's a checklist Zee Business.
Unit Linked Insurance Plan (ULIPs) are a mix of life insurance and investments but incur huge costs, especially during the initial phase of the policy. ULIPs also has a lock-in period of 5 years which is higher in comparison to ELSS's 3 year lock in.
I am 30 years old. I am working. I got VRS option from my employer and received the settlement amount. I have two children. I have invested in two LIC policies for each child for their studies. I also have Jeevan Akshay policy. Now I have a remaining.
I am 34 years old. I want to invest in ELSS funds and other mutual funds for my child's education and marriage. I can invest Rs 10,000 every month in an ELSS , Rs 5,000 per month for my child's education and Rs 5,000 for my child's marriage. My.
I am 29 years old. I am investing online in the following six mutual funds : SBI Magnum Global Fund SBI Pharma Fund SBI Magnum Balanced Fund SBI Bluechip Fund Franklin India Taxshield Fund ( ELSS ) Axis Long Term Equity Fund I have been investing Rs .