It is a close-ended plan for a period of three years from the date of allotment of units, and will be converted into an open-ended one at the end of this tenure
Home loan rates are increasing and more is in the offing. Can you prepay your home loan and save money on ineterst paid? Transcripts of the chat with home loan expert Harsh Roongta.
ELSS, in general, is one of the best options among the instruments eligible for tax benefits under section 80C both in terms of potential to grow as well as tax efficiency of the returns.
The point to note is that since the new rebate is up to a taxable income of Rs 5 lakh, if anyone earns even little more (say, even Rs 100 more) than this amount, he would have to pay all the taxes, according to the existing slabs.
That's what ELSS investments have to offer, coupled with other benefits.
You need to make your investments now; March 31 is barely two months away.
Does it make sense to hold more than one residential property? Does the investment really give very high returns as we Indians tend to presume? Anil Rego takes you through the ups and downs of investing in residential properties
The fund offers deduction under Sec. 80C and the minimum lock-in period would be three years as in any other ELSS.
HSBC Tax Saver Equity Fund too offers deduction under Sec. 80C
While conventionally life insurance products have been bought for the tax sops (under Section 80C) they offer, there is much more to life insurance. Read on...
With a little over six months left for the close of the financial year, we believe this is the right time to start the annual tax-planning exercise.
Did you know that annual premium-paying option is cheaper than a monthly premium paying option?
Existing long-term deposits with scheduled banks may not get income tax benefits under amended provisions of Section 80 C.
Tax and financial planning expert Mahesh Padmanabhan advises that it makes sense to prepay your home loan if you have surplus funds.
The people of the nation co-operated and patiently waited for the government's promised "ache din", and now they want their just rewards, says Adhil Shetty.
Premium paid on life insurance policies entitles you to tax benefits. Read on to find out more about this.
With equity markets touching record highs, optimism among investors seems unbounded. Markets appear like they can do no wrong and euphoria among the investor community is palpable.
Try this mutual fund quiz to figure out how savvy you are about this investment option.
Many youngsters take financial discipline as putting restriction on their freedom. That's a myth. You can very well enjoy as well as save and grow your money at the same time. Salil Dhawan shows you how
If you are planning to buy insurance to save on tax, here are five things you must know first.
There is no clearly defined right or wrong answer since both target different needs of a portfolio.
The tax filing season is here, and mutual funds have launched tax-saving products.
Investments of up to Rs 100,000 in tax-saving funds are eligible for deduction under Section 80C of the Income Tax Act. This has opened up a new spectrum for investors while conducting their annual tax-planning exercise.
Here's why ULIPs have become an attractive long-term investment option
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