Tax-saving mutual funds, or ELSS, provide investors with tax benefits under Section 80C of the Income Tax Act, of 1961. The lock-in period inculcates a good habit among investors to thrive for long-term investing while putting their money in an equity-related instrument.
Global equity funds are those that invest in the stocks of foreign companies. These overseas funds could be the country funds that invest in the economy of a specific country like the US or the regional funds that invest in companies from a specific geographical region anywhere in the world.
Hybrid funds invest in both equity and debt with the goal of balancing risk and reward, and optimizing investment returns. The tax treatment of equity-oriented hybrid schemes is similar to that of equity schemes
When evaluating MF investments, prioritising high returns and minimising costs are crucial, where returns depend on investment growth in a specific period, and costs relate to the expenses incurred by investors in different schemes.
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