ELSS is a mutual fund scheme that comes with a lock-in period of three years and helps you save tax under section 80C of the income Tax Act on an investment up to Rs 1.5 lakh a financial year. ELSS gives investors an opportunity to diversify themes, sectors and market caps.
The lock-in lends an element of stability to ELSS portfolios. Since corporate money is kept out, these schemes don’t have to deal with sudden, large-scale redemptions. As a result, ELSS tends to have a more stable corpus and an optimum corpus size, which encourages good fund management. The fund manager can take a medium to long-term view on certain stocks; this further helps in improving the returns from the schemes. The lock-in-period of 3 years in ELSS allows the investor to become more disciplined and realize the true potential of the investment made.
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Denne historien er fra April 2022-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Indians are Developing Weak Bones
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"The strategy behind the Tata India Innovation Fund centers on identifying companies that are driving transformative or incremental changes through innovation"
Yes, we certainly believe innovation is a powerful theme with immense potential for the coming years, and we are excited to bring it to our investors.
What is Hybrid Mutual Fund?
Hybrid Mutual Fund is a combination of more than one type of fund. While they invest in shares of companies listed on the exchange, like equity funds.
Should you invest in dynamic bond funds?
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The Multicap Solution to India's MultiDimensional Growth
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The Long-Term Benefit of Investing in Children's Future
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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
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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?
