Mr. Mittul Kalawadia, Senior Fund Manager, ICICI Prudential AMC
Equity Linked Saving Scheme (ELSS) mutual funds have emerged as a frontrunner in this regard, providing a compelling solution that caters to both financial objectives.
Understanding ELSS Mutual Funds
At the heart of ELSS funds lies a unique blend of investment principles and tax advantages. These funds are primarily equity-oriented, investing a minimum of 65% of their assets in equity and equity-related instruments. This equity focus aligns with the long-term growth aspirations of investors, aiming to generate superior returns over time.
ELSS funds are categorised as diversified equity mutual funds under the Securities and Exchange Board of India (SEBI) regulations. Their primary objective is to provide capital appreciation to investors through equity investments. Unlike other equity mutual funds, ELSS funds offer a specific advantage – tax benefits under Section 80C of the Income Tax Act, 1961. This distinctive feature makes ELSS funds a compelling investment choice for individuals seeking to reduce their tax liability while simultaneously pursuing long-term wealth creation.
Diese Geschichte stammt aus der January 2024-Ausgabe von Investors India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 2024-Ausgabe von Investors India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
How to Naturally Reverse Fatty Liver Disease
The liver, located on the upper-right side of the abdomen, is the body’s largest internal organ and plays a critical role in detoxifying the blood and processing nutrients.
Banking sector which has underperformed in the last two years, now offers a favorable risk-reward profile
Do you think the market is overpriced? Is yes, should investors refrain from investing in index schemes at the current valuation?
India will continue to enjoy benefits of a close US relationship and trade will continue to grow
Q1. The US elections are said to be one of the closest till date, what impact will the election of a Republican / Democratic party have on the US economy and how is that going to affect India in the short as well as the long term?
Understanding Momentum Funds
Momentum funds are a type of investment fund that focuses on companies experiencing positive momentum in factors such as earnings, revenue, and stock price movement.
Risks and opportunities associated with Small Caps
Small-caps are a stock-picker’s paradise.
How to navigate your portfolio through bull market a
Indian equities have been in a bull run for the past four years.
Choosing mutual fund schemes depending on your age to achieve life goals
The choice of mutual fund (MF) scheme might be influenced by one’s risk profile or age.
Thematic Fund Or Sectoral Fund, Which Fund Suits You?
A thematic fund is a type of mutual fund that focuses on investing in companies based on specific themes or trends.
Be Kind To Your Kidneys
The kidney is a vital organ in our body which is four inches long and two and a half inches in width.
