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ELSS Mutual Fund

ELSS or SIP: Which route is best for your investments?

by free stock tips on June 27, 2010

in Mutual Fund,Personal Finance

Equity diversified NAVs ended higher Wednesday with advance:decline ratio of 221:23 as the Equity benchmarks witnessed consolidation throughout the session on Wednesday, ahead of F&O expiry tomorrow for the month of June. First half of trade was negative with modest losses on weak global cues and the Nifty struggled at the 5300 level. However, the [...]

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ELSS mutual fund – An investor’s delight

by free stock tips on April 30, 2010

in Mutual Fund,Personal Finance

Most of the tax saving instruments that fall under Section 80C is saving oriented with returns after adjusting for inflation. The exceptions are the ULIPs (Life and pension funds) and the ELSS (Equity linked savings scheme) mutual funds. The basic advantage of opting for ELSS as compared to the ULIPs is the frequency—mostly a single [...]

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Dividend declaration under HDFC TaxSaver

by free stock tips Mutual Fund Dividend

HDFC Mutual Fund has announced dividend under HDFC TaxSaver — an open-ended equity linked savings scheme. The fund house has fixed March 4, 2010 as record date for the dividend declaration. The amount of dividend declared is 60%, or Rs 6 per unit, on the face value of Rs 10 each. As on February 26, [...]

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Does your tax planning give you a break or does it break you?

by free stock tips Taxation n Investment

Of the investments in Section 80C, ULIPs and ELSS (Tax Saving Mutual Funds with 3 years lock-in)could be considered by investors with a long term (above 7 years and 3 years respectively)investment purpose. EPF is unavoidable for the salaried employee, so it becomes an automatic investment. A look at the various tax saving tools available [...]

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Before investing in ELSS

by free stock tips Taxation n Investment

Check the expense ratio, performance difference and track record of the scheme Equity Linked Savings Schemes (ELSS) have features of a diversified equity portfolio. A detailed analysis of the same will help in better selection. Investment in an ELSS helps get a tax benefit to a maximum limit of Rs 1 lakh under Section 80C [...]

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Should you invest in Tax Saving Mutual Funds?

by free stock tips Personal Finance

If you buy a tax saving mutual fund – an ELSS scheme or something with “taxsaver” in it – you expect a tax deduction. But does it always apply for you? ELSS mutual funds are especially deductible under Section 80C, which applies to everybody. It really means you get a Rs. 100,000 deduction from income [...]

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