Tag - elss

7 Reasons ELSS are Better Than Other Tax Saving Investments

7 Reasons ELSS are Better Than Other Tax Saving Investments

The introduction or rather reintroduction of long-term capital gains taxes on equity mutual funds including ELSS(equity-linked savings schemes) has made some novice investors a bit jittery. A lot has already been written and said about long-term equity gains taxes on equity schemes. In short, considering the potentially high returns, Rs. 1 lakh annual gains taxation threshold. And the grandfathering of returns till 31st January 2018, equity schemes still hold the edge over competing investments. This also holds true for ELSS funds that investors [...]

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Simple tips to choose the right tax-saving ELSS fund

Simple tips to choose the right tax-saving ELSS fund

Equity-Linked Savings Scheme (ELSS) are multi-cap equity investment fund. They have a lock-in period of three years. ELSS provide you tax advantages along with wealth creation opportunities. You can claim a tax exemption of up to Rs 1.5 lakh on ELSS funds under Section 80C of the Income Tax Act. There are numerous ELSS funds available for consideration in the market. Selecting the appropriate one for investing is becoming overwhelming at times. Usually, investors choose the fund which gives the [...]

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HOW TO PICK A RIGHT MUTUAL FUND SCHEME FOR YOU?

HOW TO PICK A RIGHT MUTUAL FUND SCHEME FOR YOU?

In financial planning, Mutual Fund investment play a major role. Before investing in the best Mutual Fund in India, first, you should consider the pros and cons of the available resources. With so much at stake, what should an investor look for in a mutual fund? This handy 10 points guide will help you on how to pick a right Mutual Fund scheme for you. Self-assess: An investment should be planned as per your needs in future. An investor should consider [...]

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Why to keep all Your Investments together by PTIC INDIA

Why to keep all Your Investments together by PTIC INDIA

The walls, foundation, and roof should be built skillfully to keep your house steady, no matter what. The same should be with your portfolio. Make sure your investments are kept under one roof to make a strong portfolio. PTIC INDIA (Leading Financial Planner in Delhi) will help you to make a strong portfolio and meet all your financial requirements in the area of Wealth Management, Investment, Retirement Planning, Mutual Fund, SIP, Insurance, and Tax. Here’s why to keep all [...]

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Why are ELSS funds still better than ULIPs despite new LTCG tax?

Why are ELSS funds still better than ULIPs despite new LTCG tax?

In the budget of 2018, LTCG (Long-Term Capital Gains) Tax was re-introduced on stocks, shares and share-oriented products. Ever since the LTCG tax was announced, Ulips (Unit-Linked Insurance Plans)  have come into the spotlight. This is because returns from ELSS became taxable after the budget passed where returns from Ulips continue to be tax-exempt. Investments in both Ulips and Equity-Link Savings Schemes (ELSS) are eligible for Income Tax benefits under Section 80C. But under Section 10(10D), the short-term gains are [...]

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Comparison between ELSS Funds and Public Provident Fund

Comparison between ELSS Funds and Public Provident Fund

If you are looking to make some investments to save tax, then you would have most certainly come across Section 80C of the Income Tax Act. This section offers a tax deduction for investments made in certain financial instruments like Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF), Tax saving Fixed Deposits (FD), National Pension Scheme (NPS), etc. Each of these investment options has different features but one thing in common – tax benefits. Aligning one or more [...]

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Financial tasks you should complete before financial year 2018-19

Financial tasks you should complete before financial year 2018-19

Financial tasks you should complete before financial year 2018-19. The beginning of the Financial Year 2018-19 can be the best time to check out your belongings.  Yet, before that, there are few questions we will ask you. Same as the general population, are you leaving tax planning to the last minute and investing in wrong instruments because of the year-end rush? Do you routinely check your portfolio? Are you confirm about your capital gain tax liability? Are you ensure that [...]

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