Recent correction means a good chance to enter these tax-savers
The fund has outperformed the benchmark (S&P BSE 500 TRI) and its peers (funds ranked under the ELSS category in December 2021 CMFR) in the past 1-, 2-,3-,5-, 7- and 10-year trailing periods
Banks have made a case for lowering fixed deposit (FD) tenure to three years for availing tax benefits, in line with mutual fund products like equity-linked savings scheme (ELSS)
High inflation in commodity costs and supply chain disruptions are also likely to favour organised players
Investors in higher tax brackets may avoid products taxed at the slab rate
The combination of high returns and short lock-in they offer is not matched by other Section 80C products
Of all types of investments deductible under Section 80C, ELSS tends to be one of the most popular and efficient tax-saving instruments. Here is all that you need to know about ELSS funds
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Some of the tests include, cash flow stress, balance sheet and debt stress, and regulatory stress, fund house will initially launch a flexicap scheme followed by a global active fund and an ELSS
Investors pour Rs 22,583 cr in equity schemes even as markets hit new highs
Experts blame the Covid wave for the decline in April; redemptions come down
The Rs 760-crore IPO comprises only fresh issuance, and the price band is Rs 553-555 per share
Why should investors invest in ELSS? Is there any down side to investing in ELSS? How should one select the right fund? In this podcast, we discussed how to go go about investing in ELSS funds
This will ensure at least one of your funds performs in any market condition
If you make them in haste at the last moment, you are likely to end up with the wrong choices
If your equity exposure is low, invest in them for tax saving purpose
Notably, all the funds fell less than their respective benchmark indices during the bear market
Ordinarily people derive a lot of comfort from investing into PPF, and rightly so
As you near your retirement age, your risk tolerance in financial decisions and investments also go down.