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Section 80C ELSS mutual fund: Investment in ELSS mutual funds are eligible for tax benefit under Section 80C in the old tax regime. However, for ELSS mutual fund investment to be eligible for tax break for current financial year 2023-24, the investment must be done between April 1, 2023 and March 31, 2024.
The interim budget of the government is likely to be announced on February 1, 2024. Like with every budget, there are certain expectations of a common man to ease the taxes on the capital gains (LTCG and STCG), simplify the capital gains structure. Will Budget 2024 fulfill this wishlist? Read on to know about it.
Loan against mutual funds and loan against FDs are two popular options for borrowers seeking quick access to funds in India. LAMF is a secured loan where borrowers pledge their mutual fund units as collateral, while LAFD is a secured loan where borrowers pledge their fixed deposits as collateral.
Before dabbling into the stock market directly, gaining market experience through mutual fund investments keeps investors in good stead while shielding them from sudden and unwarranted risk.
When we prematurely cash out our funds, we interrupt the magic of compounding—the secret sauce behind investment growth. Compounding is what makes your money work harder for you over time.