With less than 6 months left for the close of the financial year, smart investors would have commenced their annual tax planning. Tax-saving funds (also referred to as equity linked savings schemes -- ELSS) are popular avenues among risk-taking investors. Apart from providing benefits under Section 80C (investments in tax-saving funds are eligible for deduction from gross total income), tax-saving funds offer investor opportunity to invest as per their risk appetite.
Many investors are lured with dividends that mutual funds pay, without realising that they are getting their own money back.
Our advice for investors -- opt for funds like HDFC Long Term Advantage and HDFC TaxSaver which have proven track records to show for, over longer timeframes.
This is an equity diversified fund and investors enjoy both the benefits of capital appreciation, as well as tax benefits.
Equity linked saving schemes, ELSS, became popular because they saved you taxes. Now the same ELSS funds have shown that investors can make money as well.
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.
To select the right fund, investors need to first evaluate their risk profile and also assess the funds on parameters like the investment style, performance and risk, among others.
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.
Equity linked saving schemes of mutual funds help investors not only save tax but also make money.
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.
Majority of equity linked savings schemes as well as mid and small-cap funds outperformed their respective benchmark indices over a five-year period ended December 2015.
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.
Investors and startup executives are calling for extending the period for an entity to be recognised as a startup from 10 to 15 years for deep-tech companies.
The season for investment in tax saving instrument has started. Here, is an investment avenue to save tax that is cheap and lets you participate in India's economic growth story.
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.
Here are some key parameters that need evaluation before you select the right tax-saving fund.
If you want to be a smart investor, you cannot view your investments solely on the basis of the returns they can generate.
Do not put all your funds into a single scheme; have a mix of fund houses as well as schemes.
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
Try this mutual fund quiz to figure out how savvy you are about this investment option.
As per the latest data available with mutual fund industry body AMFI, the total AUM of ELSS, or tax-saving funds, stood at Rs 25,069 crore at the end of January 2013.
'Given that India underperformed emerging markets by 28 per cent in 2025, the worst performance in over 30 years, the timing of the sharp STT hike could have been better.'
'The decline was inevitable as one-year returns have been negative.'
ELSS investments require a long-term commitment of at least seven years.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
Should taxpayers invest in Rajiv Gandhi Equity Saving Scheme to save tax? How much tax will they actually save? And what are the pros and cons you should check out before going for this scheme? Salil Dhawan offers his take.
Don't solely focus on tax-saving alone.
Anamika Pareek explains the advantages of investing in tax-saving options like the equity-linked savings schemes.
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
'Having a separate healthcare corpus is extremely important even for those already covered by health insurance.'
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
'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.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The regulator has sought an increase in the investment limit for tax-saving equity mutual fund schemes to Rs 200,000 from the current Rs 150,000.
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