Equity-Linked Saving Schemes (ELSS) or tax-saving equity funds stand out due to their lowest lock-in and pure equity-linked return in the crowded Section 80C tax deduction basket. ELSS have delivered better return if held for long-term
The 80C income tax section has many options and is thus crowded. With ELSS, it is easier to meet the required quantity of Rs 1.5 lakh for tax benefit in a financial year
Equity-Linked Saving Schemes (ELSS) or tax-saving equity funds are the only pure equity instrument in the basket of instruments eligible for Section 80C tax deduction benefits
SIP in mutual funds offer you professional management of your money and diversification at relatively low cost.
It also marked the third consecutive year of outflow from gold ETFs. The pace of outflow slowed, however, in 2015 compared with the preceding two years on account of sluggish equity market trends, experts said
In an interview to CNBC-TV18 personal finance expert, Sumeet Vaid of Freedom Financial Planners shared insights on Rajiv Gandhi Equity Savings Scheme or RGESS.
It is now possible to do both tax planning and long term financial planning together. An analysis by CRISIL suggests that if one is willing to take some risks, Equity Linked Savings Schemes (ELSS) offered by mutual funds provides an opportunity to generate attractive long term returns.
Equity linked saving schemes or tax saving mutual funds are one of the better options for you to invest if you have not totally exhausted your 1 lac limit under section 80C.