All you need to know about ELSS

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Equity Linked Savings Scheme popularly known as ELSS is the best tax saving Mutual Fund. Under Section 80C, ELSS provides tax-deduction of up to Rs.1.5 lakh. These scheme has a lock-in period of 3 years from the date of units allotment. The units are free to redeemed or switched after the lock-in period. Under this scheme, more than 65% of the portfolio is invested in equity which leads to capital gains and tax saving. ELSS is suitable for all categories of investors.

How to choose the perfect Mutual Fund for yourself?

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Mutual Fund is an investment scheme where, it collects money from a large number of investors having a common investment goal and invests in securities like- bonds, stocks or short-term money market instruments. This funds are professionally managed and are well diversified to offset any potential loses. Systematic Investments through mutual funds instill a habit of investing on a regular basis leading to long-term wealth creation. Mutual Fund also has the benefit of the choice of risk for the investors. High, medium, low risk funds are the investment options depending on the risk taking ability of the investors. Investment in this fund can redeem at any given time. Diversification in asset allocation without investing a lump-sum amount in individual portfolio is possible only in Mutual Fund.

Top 10 Mutual Funds

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There are so Mutual fund are available in the market. As we know, they are subject to market risk so while we are investing in the Mutual Fund we have to choose wisely. It is one of the best decision to earn high returns while avoiding tax payments at the same time.