PPFAS Asset Management's CIO Rajeev Thakkar told Moneycontrol that the fund house would launch this scheme mostly in the first week of July 2019.
ELSS Mutual funds would help you to get tax benefit and also higher capital appreciation comparing to other tax saving options
Prasun Gajri, Chief Investment Officer at HDFC Life, in an interview on CNBC-TV18 says that insurance are one of the biggest contributors to the equity market. "Till recently, as much as 80-85% premiums came from ULIPs," he says.
There are numerous benefits of investing in equity-linked saving schemes (ELSS). Most market experts feel that ELSS offer potentially higher returns via equity to investors and also helps them earning dividends. However, there could be some setbacks also.