WebELSS funds are tax saving mutual funds that can help save up to Rs. 1.5 Lakhs in taxes. Invest in ELSS funds to save tax and create wealth in the long run! ... Better post-tax returns Long term capital gains of up to Rs. 1 lakh a year from ELSS mutual funds are exempt from income tax and long-term capital gains above Rs. 1 lakh are taxed at 10% ... WebAug 24, 2024 · Since you are certain to stay invested for tenure. Therefore, it is important to give more weightage to other qualitative and quantitative factors while selecting a mutual fund. Next, if your goal is tax saving, ELSS mutual funds are your best bet to generate significant returns. Also, these schemes have the lowest lock-in period in comparison ...
Top 5 tax saving ELSS mutual funds to invest in 2024
WebMar 27, 2024 · Like all other funds, this fund also comes with a minimum of an INR 500 investment plan. 4. Mirae Asset Tax saver fund Direct-Growth4. Mirae Asset Tax saver fund Direct-Growth. Mirae Asset tax ... Web1 day ago · That’s why they invest in assets that give high returns. Some investors understand the risk involved in the stock market. But some don’t know that there are high-risk products even in mutual funds. So, if you are investing in such a fund then you need to track it carefully and you have to assess it from time to time. jean 16 4-15
Heirs must know what you own to claim wealth: HNIs should opt …
WebApr 7, 2024 · Investing in tax-saving mutual funds has several benefits: Tax Benefits: You can claim a deduction of up to Rs. 1.5 lakh from your taxable income. High Returns: Tax-saving mutual funds invest in equity, which has the potential to … WebApr 12, 2024 · HDFC Taxsaver Direct Plan-IDCW as of 28 Feb 2024, 05:30 AM ₹ 9,723.21 Cr Scheme Asset Size Fund Type Open-End Exit Load No charges on withdrawal 1.15% Expense Ratio Plan Dividend 5.17 % Cash Holding Benchmark NIFTY 500 Total Return Index Scheme Document View Sectors Holding in this Mutual Fund as on 28 Feb 2024 Sort By Value … WebDec 8, 2024 · Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) help you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 … labanda watch parts