ELSS funds are popular for tax savings under Section 80C, offering a blend of equity exposure and long-term growth potential. Their 3-year lock-in period promotes discipline in investing, making them ...
Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...
Small savings schemes like PPF, SSY, and NSC are relevant even for the taxpayers who have opted for the new tax regime. These ...
Many investors assume schemes like PPF and SSY are only worth considering if they reduce taxable income. That used to be true mainly under the old tax regime, where deductions under Section 80C could ...
Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if you are a first-time investor in equity mutual funds.
Overview: ELSS funds offer tax benefits under Section 80C and strong long-term wealth-creation potential.Top performers such as SBI ELSS and Motilal Oswal ELSS ...
The short answer: ELSS returns haven’t been hurt by the new tax regime — but the reason to invest in them may have changed. Value Research compared ELSS funds with flexi-cap funds and the broader ...
The suitability of an investment product depends on factors such as risk appetite, time horizon and near-term liquidity ...