How does ELSS compare to other tax saving investments

ELSS stands for Equity Linked Savings Scheme. ELSS funds are a type of diversified equity linked mutual fund savings schemes which qualify for tax exemption under section 80C of the Income Tax Act.

It offers the dual advantage of

capital appreciation and
tax benefits.

Dilshad Billimoria on #ETNow #TheMoneyShow

Importance of Financial Planning

Financial Planning is planning for the future. It involves preparing oneself and their family for important events like child education, retirement planning, cash flow planning, taxation, vacation, health corpus creation and just about any event in the future. The above mentioned components form goals or the structure of the planning process.

Capital gains- Should one always invest in capital gains saving bonds?

When an investment property was sold by my client Ashok, in October 2016, he had 6 months to either pay tax on his capital gains or invest the gains in Sec.54EC capital gain bonds to avail tax exemption on the property purchased by him in June 2005.

Tax Implication on various investment options

As an investor you should be aware of these tax implications so that you can create a tax-efficient investment portfolio.However, your investment decisions should not be based only on tax-saving criteria.

What are the charges on mutual fund Investments

As an investor, it is very important to know what are the charges involved in investing in mutual funds. When your money is handled by a team of experts – stocks are bought and sold on your behalf, periodical communication is sent on investments, charges are given to the intermediaries etc and all these expenses come with a cost.

What are the reasons and benefits of an STP

What is Systematic Transfer Plan?

Systematic Transfer Plan (STP) is a strategy where in an investor transfers a fixed amount of money from one category of fund to another, usually from debt funds to equity funds.