WebApr 12, 2024 · This means that ELSS offers higher yields through the lowest lock-in tenure. Offers tax deduction ; As per Section 80C of the Income Tax Act, investing in ELSS funds can help you get a tax deduction of up to Rs. 1.5 lakh in a financial year. It is the only mutual fund scheme that enables investors to save taxes through investment in equity. WebELSSs are mutual funds that invest substantially in the stock market. Under Section 80C, investments in ELSS mutual funds are tax-deductible up to Rs. 1.5 lakh. Due to the …
Mirae Asset Mutual Fund completes 15 years in India
WebUse Motilal Oswals ELSS calculator to estimate your tax savings. Our ELSS calculator helps you choose the right investment amount and tenure to meet your financial goals. Start today! WebSep 9, 2024 · Equity Linked Saving Schemes (ELSS) are the best tax saving mutual funds. ELSS mutual funds fall under the diversified equity mutual funds category. This equity … red knight\u0027s shortest path
ITI Long Term Equity Fund - Growth - MoneyControl
Web12 hours ago · Over the last 15 years, the Mirae Asset Large Cap Fund has delivered a CAGR return of approx. 14.7% to investors. The value of investment of Rs 10,000 in the fund at inception would be Rs 76,960 as on 4th April 2024. Mutual fund managers share their investment journey and how they dealt with bad phases in the market. WebELSS or Equity Linked Savings Schemes are Mutual fund investment schemes that help you save income tax. That’s why they are also known as tax-saving funds. The Income … WebApr 5, 2024 · Investments in ELSS funds up to Rs. 1.5 lakhs are eligible for tax deductions. This means that the amount invested in ELSS funds can be deducted from the investor’s taxable income, reducing their tax liability. Moreover, ELSS funds have a comparatively lower tax rate compared to other tax-saving instruments like fixed deposits or NSC. richard burgess library