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TAX SAVING INVESTMENT OPTIONS UNDER 80C – ELSS TAX SAVING MIGHT BE THE SOLUTION

Equity Linked Savings Scheme (ELSS) Simply put, Equity Linked Savings Scheme (ELSS) is a type of diversified equity mutual fund eligible for tax-exemption under section 80C of the Income Tax Act, 1961 and offers the dual-benefit of tax-savings and capital appreciation over the long-term. Going by its name ELSS is an equity-linked saving scheme that invests in equity-oriented products and comes with the lowest lock-in period of 3-years compared to other tax-saving investment options eligible for tax exemption of up to Rs. 1.5 lakh under section 80C, IT Act, 1961. As the avenue, majorly invest in equity-based products, the returns are based on market performance. Despite this, ELSS has offered returns ranging 15-18 percent and considered one of the best tax-savings investment options when it comes to tax-savings and capital appreciation. Public Provident Fund (PPF) Public Provident Fund (PPF) is a tax-saving investment scheme backed by the Government of India eligible for ...
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Understand which Mutual Fund works for you

How do Mutual Funds Work? A mutual fund is an investment vehicle that pools the fund from investors by their investment objectives and invests them in a variety of capital market instruments like equity shares, bonds, short-term money market instruments, and other securities or assets. The combined holding of equity shares, debentures, and other assets the fund owns are known as investment portfolio managed by the fund manager appointed by the Asset Management Company (AMC). Simply put, it is a financial intermediary set up to professionally manages the pooled money from investors with investment objectives.   For that, the fund houses charge investors an annual fee aka expense ratio - To manage portfolios on their behalf. Why should you invest in Mutual Funds? Financial markets have always been complex and sophisticated. In order to be successful, it is important to have a financial intermediary that can provide proper knowledge and professional expertise. The mutu...
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Liquid Funds vs Savings Accounts

Liquid Funds Vs Savings Accounts: Where to secure your emergency funds? Savings Account Savings account is simply a type of bank account that allows you to safely deposit and withdraw money held at a bank or financial institution while earning interest. Though savings accounts do not provide a decent interest rate, their safety, ease of access and reliability makes them an idle choice to save your hard-earned money for short-term needs. Liquid Funds Liquid funds are a type of debt mutual funds – open-ended schemes that primarily invest money in short-term money market instruments such as certification of deposits (CDs), government bonds, treasury bills, and other market instruments maturing within 91 days. Liquid funds provide high liquidity to the investors where the redemption request is processed within 24 hrs. There is no entry and exit loads application to liquid funds, further easing the overall load on the investor.   Comparison: Liquid Funds Vs Savin...
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Physical Gold vs Gold ETFs vs Sovereign Gold Bond

Investing in Physical Gold Vs Gold ETFs Vs Sovereign Gold Bond Physical Gold Physical gold is a tangible asset with a finite value available in different physical forms like biscuits, coins, and jewellery. For an individual, ‘sentimental value’ plays a vital role when it comes to physical gold. In fact, throughout history, gold has emerged as an unparalleled form of wealth creation asset. Advantages of Physical Gold in: ·          Counterparty Risk – When buying physical gold, there is no risk of involvement of any counterparty like banker, broker or any other intermediary. ·          Inherent Value – Many people invest in gold due to its inherent value, since it has an indestructible physical form, cannot counterfeit easily unlike paper money. Also, its scarcity and universal acceptation back up its inherent value. ·          Investment: Buying p...
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