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.
Denne historien er fra January 2024-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.
Allerede abonnent ? Logg på
Denne historien er fra January 2024-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.
Allerede abonnent? Logg på
Flexi-cap Fund Vs Hybrid Fund
Investors in mutual funds can choose from equity, debt, or hybrid funds, each offering different risk and return profiles. Flexi-cap funds provide diversification across market capitalisations, while hybrid funds balance equity and debt for stable returns.
Neuroplasticity: You Can Teach An 'Old' Brain New Skill
A few decades ago, it was believed that the brain’s structure and functions were entirely dependent on genetics, age, and early childhood experiences.
FINANCIAL PLANNING ASK THE EXPERT
Dear Mr. Ramanujam, the full form of ULIP is Unit Linked Insurance Plan. ULIP is a 2-in-1 solution as it is a ideal mixture of investment and insurance.
Think equities are overvalued? Consider investing in a balanced advantage fund
The equity market has been experiencing a strong rally, leading many investors to believe it has become overvalued and that a correction is imminent.
Ashmore launches two funds to provide access to significant investment opportunities in India
Strategy benefits from a local presence and a 28-year established track record of investing in listed Indian equities
Key Highlights of Job-Centric Budget 2024: A comprehensive blueprint for sustainable economic growth
In her Budget Speech for 2024-25, Finance Minister Nirmala Sitharaman outlined the government’s priorities and initiatives aimed at fostering inclusive growth and development across India.
Face to face with Anand Vardarajan, Chief Business Officer, Tata Asset Management
We believe that Indian tourism is experiencing massive growth and passing through a very exciting phase.
Balancing fiscal prudence while strengthening drivers for a self-reliant economy
Budget 2024 was in line with the vision of building a self-reliant Bharat, focussing on the critical drivers that can propel the country to its next level of growth.
How To Build And Maintain A Long-Term Portfolio
Building a robust long-term portfolio involves two steps. First, you must decide on your asset allocation-essentially the distribution of your investments across various asset classes such that it aligns with your financial goals and risk tolerance.
Learn The Magic Of Self-Talk
There is perpetual self-talk taking place inside all of us
