Making a start now will give you time to choose instruments prudently and avoid mis-selling
Even ELSS, being an equity fund, should be purchased with minimum seven-year horizon
The equity-linked savings scheme (ELSS) were the best performers among all the categories as 70 per cent of the schemes managed to outperform the S&P BSE 200, the study shows
An ELSS fund is an equity-oriented scheme with a mandatory lock-in period of three years. In recent years, many taxpayers have turned to ELSS schemes to avail of tax benefits.
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Flexicap, ELSS, and multicap schemes have piled on more mid and smallcap flavour since March
Equity-Linked Savings Scheme (ELSS) is an equity mutual fund investment that invests at least 80 per cent of its assets in equity and equity-related instruments.
An ELSS as a tax-saving option is mostly preferred by younger taxpayers
Becomes first fund house to shift from active to passive in ELSS
Those desiring index-beating returns, but willing to tolerate underperformance, may choose the active plan
But regulator says AMCs must shut existing active scheme before offering a passive one
These funds can fetch double-digit returns over long term which debt tax-saving products can't
Some see potential in the newly introduced passive option, other see promise in active ELSS
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If you wish to save to save taxes, some experts might suggest you invest in ELSS. But what are these? Listen to this podcast to know.
The scheme, which opened for subscription on Thursday, will mimic the Nifty 50 index
Foreign portfolio investors (FPIs) have continued to offload Indian shares this month, selling stocks worth over Rs 39,000 crore
Underperformance of active funds could further spur growth in ETFs
Recent correction means a good chance to enter these tax-savers
The fund has outperformed the benchmark (S&P BSE 500 TRI) and its peers (funds ranked under the ELSS category in December 2021 CMFR) in the past 1-, 2-,3-,5-, 7- and 10-year trailing periods