Though ELSS comes with a minimum lock-in period of 3 years, in case the fund is performing better, you can stay invested for a longer time period instead of withdrawing. Historically, mutual funds have performed exquisitely when held for longer but investors should also bear in mind that mutual fund investments are subject to market volatility and past performance may or may not be sustained in future. … [Read more...] about 5 Reasons to choose Equity Linked Saving Scheme (ELSS) Fund
Mutual fund banking
UltraTech Cement, Bank of Baroda: UltraTech Cement Ltd shares rose 1%, while those of Bank of Baroda were up 1.7% ahead of the announcement of earnings for the third quarter ended December (Q3) later in the day. Indian Bank, JSW Steel and Prestige Estates Projects are among the other major companies that will release their quarterly numbers today. … [Read more...] about Yes Bank, Indiabulls Housing Finance, Info Edge, Biocon Among Key Stocks in Focus Today
MUMBAI: In a sharp contrast to previous years, more investors are showing keen interest in last-mile funding for stuck housing projects that seems to be a rub-off effect of the government earmarking Rs 25,000 crore for similarly stressed residential projects. In the backdrop of changing regulatory and business environment, the pressure is mounting on developers to deliver the projects as early as possible in line with the earlier promised possession schedule. According to government estimates, 4.58 lakh housing units are facing delayed delivery across 1,600 stuck projects. The delay has resulted in rising consumer activism, a number of litigations in consumer forums and even the National Company Law Tribunal (NCLT). Kotak Investment Advisors, the alternate investment business of Kotak Mahindra Group, has set its sights on distressed projects in the liquidity-hit real estate sector and is looking to acquire such projects across the country. “The last-mile funding opportunity … [Read more...] about Last-mile funding for stuck home projects a big draw for investors
Equity Linked Saving Scheme or ELSS is a mutual fund scheme that comes with a mandatory lock-in period of three years. With ELSS, you may seek capital appreciation through equity investments along with tax-saving benefits. If your annual income is subject to tax deductions, an ELSS scheme might be able to help you bring down your taxable income by Rs. 1.5 lakhs. ELSS primarily invests in equity, and investors should bear in mind that returns from the equity market are never guaranteed. … [Read more...] about Tax Saving Investment Options for salaried
All businessmen as well as working professionals want to save as much tax as possible. That’s because the tax is an expenditure just like any other expense, but if we learn to smartly invest our hard-earned money we can find a way to save tax. There are several tax saving schemes under Section 80C of the Income Tax Act, which enable individuals to claim taxation benefits. But one mutual fund scheme that is highly appreciated by retail investors across the spectrum is Equity Linked Saving Scheme, widely referred to as ELSS. In this article, let us understand how ELSS helps an individual save taxes. … [Read more...] about What are the dual advantages of investing in ELSS?