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.
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.
Here's all you must know about equity linked saving schemes and how they can help you save taxes as well as optimise returns.
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.
Individuals could soon lose tax benefits available on fixed deposits with an over five-year term once the direct taxes code comes into force from April 2011.
There are many questions investors are asking their financial advisors at the moment.
While it is suggested that withdrawals and loans against long-term instruments are not the wisest steps, if you really need to do so, here are a few options. . .
Here's what you must know about filing your tax returns.
Pension plans by mutual funds have a three-year lock-in like ELSS.
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.
Last year ended on a positive note in terms of investment in the domestic equity mutual funds; thanks to a rise in the equity markets during the month of December.
For someone looking at equities, you have to deal with downsides as much as with upsides. Be it ELSS (equity-linked saving schemes) or diversified equity mutual funds, both are higher risk instruments.
Many investors are lured with dividends that mutual funds pay, without realising that they are getting their own money back.
The stock market regulator Securities and Exchange Board of India (SEBI) has brought in sweeping changes for the mutual fund industry. And here's how they will benefit you.
For the purpose of our discussion, we have chosen schemes which offer tax benefits at the time of making investment under Section 80C, i.e. Public Provident Fund & National Savings Certificate.
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.
ELSS is a great instrument for tax planning which also ensures good returns. But investment should be carefully planned.
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?
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.
Check the asset allocation of your diversified equity fund to see that you really have a lower-risk scheme.
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
If you want to be a smart investor, you cannot view your investments solely on the basis of the returns they can generate.
If you are investing your money only in public provident funds then should you start putting your money in mutual funds' systematic investment plans?
Mutual fund investment is meant for long-term investors and one can easily make 15 per cent returns per annum over a 20-25 year time period.
Here is a solution to the question that most investors are grappling with: 'Where should we invest now?'
Asset-weighted returns of large cap funds lagged their benchmark by 273 basis points, ELSS funds by 318 bps and mid- and small-cap funds by 230 bps.
Equity linked saving schemes of mutual funds help investors not only save tax but also make money.
They give you tax sops on investments and are also exempt from long term capital gains tax.
Here we discuss two tools that if used optimally can save you heavy taxes. Both when used simultaneously create such synergy in tax savings that it is really mind-boggling. Read on. . .
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
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.
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.
Kick start your saving and money management strategy at the age of 25, and build it up gradually.
Correcting markets makes this a great time to buy an ELSS. Here are 7 schemes across the risk spectrum.
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.
Tax deductions and prioritising their sequence will help you streamline your investments for efficient tax saving.
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.
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.
With the tax-planning season in progress, you should brace yourself for a lot of 'noise' that you will soon be subjected to. The noise will come from various quarters. Mutual funds will hawk tax-saving funds (also referred to as equity linked saving schemes), while insurance companies will pitch in for ULIPs (unit linked insurance plans) and endowment plans.
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