Tax-saving investments for the financial year ended March 31, 2020 can be done till July 31
Unlike other mutual funds that have clear investment mandates, ELSS schemes don’t have any market-cap restrictions
If you have internet banking access, things are easier even if you have never really invested online
Investors should not overreact to budgets
It would be better to link them to long-term goals such as retirement
Depending on your goals and risk appetite, make a suitable investment choice
If you want to invest a lump-sum, it means you are trying to time the market, consciously or otherwise. And that is very difficult even for market experts.
Kayezad Adajania, Moneycontrol’s Personal Finance Editor joins in to share how the CPSE ETF will benefit the investors.
In the last one year, the CPSE ETF has delivered a return of 11.69 percent, while in the last three years, the scheme delivered 9.19 percent.
CPSE ETFs to become tax-saving instruments
Know here what is Quant Tax Plan and why it is topping the charts
Personal finance expert, Amol Joshi, Founder of PlanRupee Investment Services, will help you find out how tax efficient is it to invest in insurance products.
As money is invested at regular intervals you can take the advantage of market fluctuations
As compared to other havens available under Section 80C of the Income Tax Act, ELSS has the shortest lock-in period
ELSS funds can be likened to multi-cap funds. Similar to multi-cap funds, they invest in companies of all market capitalizations
The industry added over 9 lakh SIP accounts each month on an average in 2017 with SIP size increasing from Rs 3,973 crore last year to Rs 5,893 crore in 2017.
The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity related securities of midcap companies along with income tax benefit
The investment assistance project is piloting with 1,000 users and is expected to be introduced by end of the year or next year. The product will also have an option for users to invest directly through the portal in mutual funds under ELSS or book a SIP.
Association of Mutual Funds in India (AMFI) reports a monthly inflow of US$ 650 mn through SIPs (Systematic Investment Plans) in March, reflecting the increased interest in recurring savings allocations.
Instead of investing in the last month of March an investor can start investing monthly to avoid last minute hassles. Not only this is very calming on nerves but also improve our chances of making more money.
ELSS though may have some of very good features but still may not be suitable for each and every person due to various reasons.
Mutual funds with its varied offering can help investors achieve their varied goals.
If you start with these five investments, they can give you a head-start in your money life.
Financial experts often advise us by saying it‘s a good time to buy or sell, without considering the demography. Yes, age does make a difference.