It provides ELSS (Equity Linked Savings Scheme)- a type
of diversified equity mutual fund that makes you eligible to claim tax deductions under Section 80C of the Income Tax Act, 1961.
ELSS is
a diversified equity mutual fund that qualifies for tax exemption under section 80C of income...
ELSS is
a diversified equity mutual fund that qualifies for tax exemption under section 80C of income tax act.
As is obvious, the funds in List 2 of
diversified equity mutual funds have a larger playground, if we can use that word, and the sectoral and thematic funds in List 1 have a restricted one.
Hence I invest my money in a ultra short - term debt fund and start an STP of $ 5000 per month to
a diversified equity mutual fund.
It is better to invest in
a diversified equity mutual fund which gives enough exposure to IT sector while having exposure to other sectors too.
If you trust the intentions and policy execution capabilities of the Modi government, then only this ETF is worth investing your money at these levels, or otherwise, go for
the diversified equity mutual funds.
I will suggest you to go for term insurance plan for life cover and to build a corpus for your son education go for investment in
diversified equity mutual funds.
In mutual funds also it is better to have a mix of
diversified equity mutual funds, mid-cap & small - cap mutual funds and balanced mutual funds.