ELSS and Mutual funds are similar in nature. Generally, ELSS is referred to as tax saving mutual fund as well. But, these two serve a completely different purpose to investors. I thought of highlighting ELSS vs mutual funds difference, comparison and review. Equity Linked Savings Scheme (ELSS) Equity Linked Saving scheme (ELSS) is an open-ended … Read more
The full form of ELSS is Equity Linked Saving Schemes. ELSS scheme are basically diversified mutual fund schemes which enjoy tax benefits under Section 80C of The Income tax Act. They are a great savings instrument to grow your money faster than fixed deposits or PFs. These schemes are called Equity linked as the mutual fund … Read more
There are different wealth creation and tax saving options available for retail investor in India like PF, PPF, life insurance plans, ELSS, ULIPs and many more. A sensible investor will always invest in an option that gives him overall benefit of appreciation of value, protection of wealth, savings of tax and strategic flexibility. This blog … Read more
There are certain kinds of charges associated to mutual funds. Have you ever tried to become aware of these Mutual fund charges? If not, don’t worry! Here, we shall be highlighting important ELSS and other Mutual fund charges that can simplify your long term investment journey. Equity Linked Savings Scheme (ELSS) is a kind of … Read more
ELSS wiki is a post to put together all the resources at one place regarding ELSS or Equity Linked savings Scheme. This ELSS wiki page will be covering different resources on ELSS as outlined below. What is ELSS? How to invest in ELSS? Advantages and Benefits of ELSS Top Fund houses offering ELSS schemes Top … Read more
Know What is ELSS or Equity linked Savings scheme? Go through ELSS features, benefits and other important details on these popular tax saving mutual funds in India. Indeed a jumbo post to read! All your doubts shall get cleared after scrolling down this comprehensive guide on ELSS funds. What is ELSS? Meaning to Know Equity … Read more
One of frequent question we get from readers is: What is ELSS or Equity Linked Savings Scheme? So, we have covered up ELSS meaning and key features of ELSS mutual fund investments. “ELSS means Equity linked saving schemes. These are saving or investment schemes which invest majorly is equity assets. ELSS schemes are essentially a diversified mutual … Read more
Know exclusive details on two popular investment options PPF and ELSS. Checkout which is better : PPF or ELSS ? What is PPF ? PPF or Public Provident Fund is one of the most tax efficient instruments in India where people can deposit money for a fixed tenure and enjoy the returns over their … Read more
From the point of view of an ordinary investor, Tax Planning and that too in an effective manner seems to be a tedious task.There are various Tax saving tools and alternatives that help to reduce your taxes substantially. The only thing you need to keep in mind is how to utilise the various tax saving … Read more
Ans.The minimum lockin period for ELSS is 3 years from the date of investment. For further details refer blog on ELSS-Things to Know. Must Read : Tax saving options in India.