ELSS is diversified
equity mutual fund scheme which invests in equity and equity - related products.
Not exact matches
It is an
equity - linked savings
scheme fund which is managed by the AMC Axis
Mutual Funds.
Liquid assets include all the cash or cash equivalents,
equity mutual funds (not
equity - linked savings
schemes such as a certificate of deposit that have 3 year lock - in period),
equities, debt
funds (including short - term gilt
funds, monthly income plans other plans except the closed - ended
funds) and all other assets
which can be redeemed within 3 - 4 working days.
Equity linked savings scheme (ELSS) is a type of diversified equity mutual fund through which you can save tax up to 1.5 lakhs under section 80C of income ta
Equity linked savings
scheme (ELSS) is a type of diversified
equity mutual fund through which you can save tax up to 1.5 lakhs under section 80C of income ta
equity mutual fund through
which you can save tax up to 1.5 lakhs under section 80C of income tax act.
Which are the best Balanced
Mutual Funds (
equity oriented
schemes)?
These retirement planning options are a pure debt instruments as compared to
mutual fund pension
scheme which has a kicker in the form of
equity portion.
Keeping the requirements of customers in mind
mutual funds have also started to offer pension
schemes which have a hybrid nature and can be invested in both
equity and debt component.
It is similar to a Recurring Deposit (RD) in a bank, but the difference is that your money will be invested in a
Mutual Fund scheme,
which may mean it is headed for the
equity markets or debt instruments.
The same exemption is available to ELSS
mutual funds which are
Equity Linked Saving
Schemes.
Unit linked insurance plan (ULIP) is one such product that comes with tax benefits
which make it more rewarding than other
equity investment products, namely
equity mutual funds including tax saving
equity linked savings
scheme (ELSS).
Axis
mutual fund scheme offers a wide range of the
equity schemes,
which is mentioned below:
Due to section 54ea and 54eb there was a rise in the number of investors in the longtime
equity of the
mutual fund schemes in the year 1999 to 2000,
which enabled investors to save on capital gains.
Before DTC implementation, Tax Planning MFs or saving
schemes,
which are
equity linked, are going to remain favorites with investors who prefer
mutual funds because of their tax saving options.
Currently, the amount available for rebate under section 80C is Rs. 100,000
which can be invested in life insurance premiums, pension superannuation
fund, employee provident
fund,
equity linked
mutual fund schemes, National Savings Certificates and public provident
fund (maximum Rs 70,000).