An ELSS is the mirror image of a diversified equity fund. This means the fund manager will invest in shares of various companies across various industries. What sets it apart is the added tax benefit, something a diversified equity fund does not offer. Most of us during the month of march rush up to our auditors or financial planners for tax planning to invest upto 1 … [Read more...]
Tax benefits of ELCC
There are certain benefits that ELSS offer in tax . Thereby following you can find the tax benefits . Investments in ELSSs fall under Section 80C. The limit under this section is Rs 100,000. This is irrespective of how much you earn and under which tax bracket you fall. Also, there are no sub-limits under this overall Rs 100,000 amount. So, if you choose, you can … [Read more...]
Is ELSS Better Option As A Tax Saving Investment ?
The crash of stock market in the month of March brings out good opportunity for investors to opt for Equity Linked Saving Scheme because unit price of those scheme shall also be lower on account of crash in stock market. That is not the only reason for recommending ELSS as an investments . The other reasons are 1. Claim Deduction upto Rs 1 lakh Those readers who have … [Read more...]
five ways in which you can buy your fund units.
For everyone who have planned to invest in mutual funds ,i m sure must be searching for the right steps/ways to foolw to do so. so , here is the place where your search ends . We have listed five ways in which you can buy your fund units. 1. Get in touch with the Asset Management Company The first step is to track the AMC -- as fund houses are known -- … [Read more...]
Drawbacks of Mutual Funds
Everything that exist in every field have its share of advantages and disadvantages , likewise Mutual Funds(like every investment) have their own share of advantages and disadvantages. Before you venture out to make your investment in Mutual Funds, it is advisable to go thorough the deep study of the pros and cons of Mutual Funds. Just like you can list a number of Mutual … [Read more...]