What type of investments will help reduce my taxable income?
Salaried individuals try and maximize their tax savings by claiming various exemptions and deductions while computing taxable income.
Source: livemint.com
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These 11 equity funds offered over 20% returns on lumpsum investments in five years
We considered the CAGR of all equity schemes for a period of five years. We looked at equity scheme categories, including large cap, large & mid cap, mid cap, small cap, multi cap, flexi cap, focused funds, and ELSS funds. We considered regular plans and the growth option for the study.
Source: indiatimes.com
Attention Small Savings Scheme investors! Submit Aadhaar by September 30, 2023, or risk account freezing
Small Savings Scheme investors must submit Aadhaar by Sept 30, 2023, to avoid account freezing.
Source: dnaindia.com
22 ELSS funds multiplied investors' wealth by almost two times in three years
We only considered regular and growth options. Around 36 ELSS schemes completed three years in the market. Out of 36 schemes, 22 schemes multiplied investors wealth by almost two times. We considered CAGR on lumpsum investment.
Source: indiatimes.com
57% ELSS funds underperformed their benchmarks in three-year horizon
The ELSS category offered an average return of 23.67% in the three-year horizon. The ELSS schemes are benchmarked against NIFTY 500 - TRI, S&P BSE 100 - TRI, and S&P BSE 500 - TRI. These benchmarks offered around 23.14 - 24.88% returns in the same time period. The toppers in the category offered more than 30%.
Source: indiatimes.com