INVESCO INDIA ELSS TAXSAVER FUND: The fund has seen its portfolio grow sharply from around 40 in December 2021 to 60 at present. It retains healthy positions in some of its top bets, but has shed its earlier preference for taking only positive active positions relative to the index. Should you invest?
INVESCO INDIA ELSS TAXSAVER FUND: The fund has seen its portfolio grow sharply from around 40 in December 2021 to 60 at present. It retains healthy positions in some of its top bets, but has shed its earlier preference for taking only positive active positions relative to the index. Should you invest?
Investing in ELSS to save tax: ELSS mutual funds, a tax-saving tool with a short lock-in period, provide a tax deduction of up to Rs 1.5 lakh under section 80C for those selecting the old tax regime. They carry higher risk and volatility compared to tax-saving fixed deposits. The investment amount can be as low as Rs 500, with a maximum tax break of Rs 1.5 lakh. KYC compliance is required before investing.
KOTAK TAX SAVER FUND: This fund has a large-cap bias like many of its peers, with a modest presence in both mid- and small-cap segments. The portfolio is well diversified, with healthy exposure in its top bets. The fund manager is comfortable taking high active positions in individual bets. Should you invest in it?
This fund has a large-cap bias like many of its peers, with a modest presence in both mid- and small-cap segments. The portfolio is well diversified, with healthy exposure in its top bets. The fund manager is comfortable taking high active positions in individual bets. Should you invest in it?