Tax Savings: Mutual Funds over FD April 29, 2019 0 There are a variety of investment options available in the market these days to invest in. What guides their investment choices mostly depends on three factors, namely, the rate of returns, the scope of tax savings and risk factor.One may argue that both mutual funds and tax-saving FD schemes are equally virtuous and suitable for…
ELSS Funds: A great tax saving instrument April 23, 2019 0 Equity Linked Savings Scheme or ELSS funds are directly offered by the fund managers and are handled by expert finance professionals. Besides opportunities to create wealth and enjoy a short lock-in period, ELSS funds come with an array of benefits that include tax savings and guidance of a professional fund manager. Reasons that make ELSS…
ELSS Funds: Characteristics & Benefits March 13, 2019 0 ELSS fund is typically a diversified mutual fund with major investments in the equities. As it is equity fund, the returns generated through the ELSS are often influenced by the standing of the equity market. The basic characteristics of ELSS: The following is the major characteristics of ELSS: Tax benefit: In an ELSS scheme, there…
Tax planning: Perks of 80C December 18, 2018 0 Saving and tax planning areamong the most crucial aspects of managing your finances well. The advantages that come along with tax planning include tax saving and higher accumulation of wealth. When a personsaves enough to invest they need to follow a tax, to reap the benefits in terms of the availability of more money at…
