Equity Linked Saving News Today

It is that time of the financial year when your employer will seek investment and expenditure proof

​Fund houses earlier used to name their schemes as per their choice, but the new names have ELSS and/or tax saver in them. For example, ICICI Prudential Long Term Equity Fund (Tax Saving) is renamed ICICI Prudential ELSS Tax Saver Fund. Similarly, Mirae Asset Tax Saver Fund will now be called Mirae Asset ELSS Tax Saver Fund.

Mutual funds have become one of the most invested investment instruments in India, but it is important to know how to invest in mutual funds before investing. Here is an extensive guide on how you can invest in mutual funds in India.

Investors should always be attentive towards investment possibilities that offer tax savings as well as a tax-free income. Before you select the right tax

The tax implications of income earned from shares, mutual funds and ETFs (Exchange Traded Funds) largely depend on the type of investment, the holding period and the amount of profit earned

A daily round-up of the most interesting articles to help jump-start the day.

Tax-saving mutual funds or ELSS (Equity-Linked Saving Schemes) get you Section 80C income-tax deduction benefits. But if you invest in ELSS every year, it may not make sense to have multiple schemes.

However, out of all of these instruments, the Equity Linked Savings Scheme (ELSS) is the most well-known because it has the shortest lock-in period of 3 years—and has a track record of producing better returns over the long term than fixed deposits, post office schemes, and other tax-saving investments that fall under section 80C.