9 best ELSS funds to invest in 2024
ELSS stand as a favoured investment choice for tax savings under Section 80C of the Income Tax Act. They provide a dual advantage of tax savings along with the potential for wealth creation.
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ELSS stand as a favoured investment choice for tax savings under Section 80C of the Income Tax Act. They provide a dual advantage of tax savings along with the potential for wealth creation.
ULIPs offer flexibility and control, allowing individuals to switch between different funds based on market conditions. They also provide life insurance coverage, making them beneficial for those without separate coverage.
Investors often grapple with choosing between debt mutual funds and fixed deposits due to their differing risk, returns, and liquidity. A comprehensive grasp of their intricacies is essential for informed investment choices.
If tax savings limit under Section 80C has been exhausted, taxpayers can still explore Section 80D that deals with health insurance premia
The ELSS schemes are benchmarked against NIFTY 500 - TRI, S&P BSE 100 - TRI, and S&P BSE 500 - TRI. These benchmarks offered 16.32%, 14.97%, and 16.48% respectively in the same time period.