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Tax saving: Five tips to get the best from your ELSS Mutual Fund

Your money in an ELSS is locked in for three years, even if you invest in excess of Rs 1.5 lakh. But mind the lock-in when you put your money through SIPs. Each SIP instalment gets locked in for three years.

Mutual Fund calculator: How 5 top-performing ELSS schemes multiplied Rs 1 Lakh in 3, 5 and 10 years

Mutual Fund calculator: How 5 top-performing ELSS schemes multiplied Rs 1 Lakh in 3, 5 and 10 years
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tax saving mutual fund: Fund review: Franklin India Taxshield Fund

Synopsis The fund manager runs a well-diversified portfolio while taking large positions in the top bets. ​​There is no particular style preference, with the fund manager adopting an index-agnostic approach to picking stocks and sectors. The fund has struggled in recent years, underperforming its index and lagging behind peers. ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. HOW THE FUND HAS PERFORMED 81240302 WHERE THE FUND INVESTS 81240310 BASIC FACTS Date of Launch: 10 April 1999 Category: Equity Type: ELSS AUM (As on 31 Jan 2021): Rs 4,151 cr

ELSS mutual funds: How many tax-saving ELSS mutual funds should you have in your investment portfolio?

Experts are not necessarily in favour of utilizing ELSS funds towards long term goals. Synopsis ELSS mutual fund schemes help individuals to save tax in a financial year. Experts insist that ELSS funds have a bigger role to play but they cannot be utilised for long term goals. Here is how you can pick the right one to complement your portfolio. Investors looking for last-minute tax-saving investments in equity-linked savings schemes (ELSS) usually end up chasing the most popular or highest return-generating funds at this time every year. But can ELSS funds contribute more to your portfolio than merely saving taxes?

How to choose the right ELSS fund - The Hindu BusinessLine

How to choose the right ELSS fund January 23, 2021 × Hasty decisions may save tax in the short term, but can prove to be damaging in the long run If you choose the old tax regime, it is ideal to start your tax planning investments at the beginning of the financial year. But most take it easy until the last one-two months of the year. This results in spur-of-the-moment decisions such as investing in equity-linked savings schemes (ELSS) when it may not suit your risk profile or, even when it does suit, choosing the scheme without doing any homework. ELSS funds are equity MF schemes that provide tax benefits for investments of up to ₹1.5 lakh a year under Section 80C of the Income Tax Act. The schemes have a three- year lock-in.

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