ELSS have a long and proven track record, which is missing in ULIPs
Before deciding to go for mutual fund ELSS, here are some points to ponder over.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
The tax filing season is here, and mutual funds have launched tax-saving products.
After the lock-in, ELSS investments should be en-cashed only when an important financial goal has arrived or there is a medical or other financial emergency in the family, says Anil Chopra -- Group CEO & Director, Bajaj Capital.
Equity linked saving schemes of mutual funds help investors not only save tax but also make money.
Here's all you must know about equity linked saving schemes and how they can help you save taxes as well as optimise returns.
AI isn't a magic wand. It works best when combined with good systems, informed investors, and skilled advisors, says Amit Suri.
Investmentyogi simplifies equity linked savings schemes for Get Ahead readers and discusses the pros and cons.
There is no clearly defined right or wrong answer since both target different needs of a portfolio.
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
'The rise in SIP contributions has created a pool of long-term MF assets that can be pledged for loans.'
Equity linked saving schemes not only help you save tax but also give decent returns. Here's the list of top 10 ELSS funds for the year ending February 8, 2008.
Here's a list of Top 10 ELSS funds in terms of percentage gain in the last one year till August 10, 2007. These funds not only help you make money but also save taxes as per Section 80C.
Here's the list of top 10 tax saving mutual funds for the period between November 28, 2006 and November 27, 2007. Their gains far outperform the gains made by the Sensex during the given period.
Mutual funds, especially the tax saver variety seems to be on a roll. Here's the list of top 10 ELSS mutual funds for the period ending September 28, 2007. These ELSS funds have made more money for you than the Sensex gains.
Do you know of some good equity linked saving schemes that will not only help you save taxes but give decent returns. Get Ahead tax expert Mahesh Padmanabhan tells you about these and how to plan to save your taxes.
Do you think equity linked saving schemes, ELSS, are a better option than unit linked insurance plans, ULIPs? What are the pros and cons of investing in both? Which scheme gives better returns in the long term?
Data from Value Research analysed on five-year, three-year and one-year performances of active equity schemes to pick the best performers in popular scheme categories.
You can no longer ignore equity linked saving schemes when you plan your tax-savinginvestments. Here's a look at how these funds have performed.
Find out why equity linked savings scheme is the best investment option for tax savers, why it is a favourite of tax-savers, what factors you must to consider while investing in ELSS mutual funds and how to choose them.
Soon after the finance ministry cleared the haze on tax treatment of equity linked savings scheme, fund managers are lining up such policies to tap investors eager to participate in the stock market boom and simultaneously save tax. \n
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
So how does one go about comparing ULIPs vis-à-vis tax-saving funds? An illustration will help in putting things in perspective.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU Ulhas Joshi answers readers' mutual fund queries
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
rediffGURU Ulhas Joshi answers your mutual fund queries.
Ramalingam Kalirajan explains the pros and cons of both investment types.
Your choice between the Old and New Tax Regimes should reflect your financial strategy and investment goals, says Ramalingam Kalirajan
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
