Category: ELSS Mutual Funds
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ELSS vs SIP : Difference between ELSS and SIP
SIP is a way to invest into ELSS or other mutual funds in a recurring way. In this post we look at various aspects of investing into ELSS via SIP mode. A systematic investment plan (SIP) is a small and easy method to invest one’s money in mutual fund schemes. SIP is very much similar to recurring…
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ELSS vs RGESS: A Comprehensive Guide
Equity Linked Savings Scheme (ELSS) Equity Linked Savings Scheme (ELSS) is an open-ended equity mutual fund plan. Explaining ELSS in simple words would be that it is an investment alternative in the equity market which has its mainstream of the corpus invested in the Equity block in its portfolio. At the outset, ELSS is a category of…
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Available ELSS Options and ELSS Plans for investors
Equity Link Savings Scheme is a kind of equity mutual fund that qualifies for tax exemption under section 80C of Income Tax. This post discusses various ELSS options that investors have for investing. ELSS has the lock-in period of 3 years which is lowest among other options available like PPF or tax saving fixed deposit…
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Understanding ELSS lock in period for various schemes
Equity link schemes are mutual fund schemes that qualify for tax saving investment under the limit of Rs.1.5 Lakh under section 80 C of Income tax and is considered as one of the best ways to utilise their investment limit by not only saving tax but also through achieving their financial goals. This blog looks…