ELSS News

If you earn Rs 10,50,000 per annum, and you’re aged less than 60, you will come under the 30% income tax slab. You can start your savings by first investing in instruments that offer rebates under Section 80C of the Income Tax Act. You can save up to a maximum of Rs 1.5 lakh by putting your money in investment tools such as EPF, PPF, ELSS, NSC.

Looking into the data of the last five years, ELSS returned over 19 percent.

The tax deduction under the scheme goes up to Rs 150,000 from the total annual income.

Mutual funds is one such example of flexible and liquid funds that can be redeemed at any time.

Choosing the right type of mutual funds is described as the first step to begin investing in mutual funds.

This is the high time when the investors look for better ways of tax saving in the market.

According to Amfi data, equity funds, which also include equity-linked saving schemes (ELSS), saw net inflows of Rs 20,308 crore in November, compared to Rs 16,002 crore in the preceding month.

Trading in gold ETF has been lukewarm in the previous four fiscals.

Trading in gold ETF has been lukewarm in the last four fiscals.

Trading in gold ETF segment has been tepid during the last four financial years.

Equity and equity-linked saving scheme (ELSS) saw an infusion of more than Rs 61,000 crore during the first five months (April-August) of the current financial year.

Gold exchange traded funds (ETFs) continued losing steam as an investment class with investors pulling out more than Rs 200 crore from the instrument in the first quarter of the current fiscal, preferring equities over them.

The mutual fund (MF) industry's asset base declined marginally by 1.15 percent to Rs 19.03 lakh crore at the end of May, mainly due to outflow from money market segments.

The mutual fund (MF) industry's asset base has crossed the Rs 19 lakh crore mark in April on the back of fresh inflows in equity, debt and money market segments.

Driven by strong participation from retail investors, mutual fund (MF) houses have registered an addition of nearly 70 lakh investor accounts in 2016 taking the total tally to nearly 5.3 crore.

Helped by growing interest from retail investors and aggressive buying of stocks, mutual fund industry grew at a rapid pace in 2016 with addition of almost Rs 4 lakh crore, or 28 percent, to its asset base and is looking to cross Rs 20-trillion mark in the new year.

Equity mutual funds witnessed an inflow of Rs 4,438 crore in April, making it the highest in five months, primarily on account of strong retail participation.